The National Action Network recently sent letters to two higher education institutions asking them to report and break out granular data on the diversity of their collective $40 billion in endowment assets as it looks to tackle the issue of utilization of diverse-owned asset management firms.
Many endowments plan to increase their allocations to diverse-owned managers and make ESG and impact investing a priority next year, according to a new survey.
A Northeastern asset management and advisory firm has increased its allocations to diverse managers to 3% of assets under management as of June 30 compared to 2.1% in 2016, according to its inaugural Diversity, Equity And Inclusion Report.
Foundations and endowments are broadening their approach to promoting diversity and inclusion beyond hiring diverse-owned asset managers, according to a new report.
A university based on the West coast has committed to hearing 100 pitches from diverse investment managers across public and private asset classes in the first half of 2022 as part of its interest in building its exposure to diverse firms.