The events of the last year have presented a unique opportunity for institutional allocators and managers to address diversity, equity and inclusion. Where is the industry heading?
In a year afflicted by the COVID-19 pandemic and acts of racial injustice against minority groups, institutional investment management member associations experienced growth within their organizations.
Kim Lew, president and ceo of Columbia Investment Management Company, the investment management arm of Columbia University, is taking steps to add diversity to its $11.2 billion portfolio and investment processes.
Alternative investment managers Apollo Global Management, Ares Management Corporation and Oaktree Capital Management have announced a $90 million initiative for students attending three Historically Black Colleges and Universities to introduce them to the alternative investment industry.
A group of seed stage investors have announced the launch of Screendoor, a $50 million venture capital fund-of-funds focused on investing in seed stage and early-stage funds from underrepresented communities.