Data around diversity within the investment industry is becoming increasingly available, however, specifics around Black representation are not often being broken out and figures that are available show relatively stagnant growth, according to a review of several reports issued this year.
System initially hired Callan as general investment consultant for its defined contribution plans in December 2020 and last renewed its record keeping contract earlier that year.
Plan will expand its team with the addition of two senior investment officers to focus on private markets and an investment officer to assist in managing its public market portfolios.