Massachusetts State Reps. Michael L. Connolly and Rep. Erika Uyterhoeven introduced a bill this week that would seek to use the state’s constitutional oversight authority to compel Harvard to divest its holdings in the fossil fuel industry.
Amanda White examines how investors in Japan, Sweden, the US and Canada are addressing the diversity question as part of their internal organization and in their investments and the managers they work with.
“We fundamentally believe that diverse companies will perform better, that diverse companies will also be able to retain their top talent longer,” the CalPERS CEO said.
Given that the Bay area is one of the priciest regions in the country with one of the most acute housing shortages, it raises the question: are we seeing an investment fund-led surge here?
Investors increasingly seek out diversity among company founders, leading to more support for Black-led funds and growing appetite to back startups led by people from groups that venture capital has historically overlooked.