DAMI

Today, we wrote to @RepBeatty, @RepMaxineWaters, @RepGregoryMeeks, & @repcleaver slamming colleges for prioritizing tax breaks over diversity. Our letter here: diverseassetmanagers.org/news/dami-to-c…

@Arneduncan is exactly right: Colleges & universities are bragging about their commitment to diversity without paying attention to the diversity of their endowment managers. Check out his piece in @Barrons ⬇️ barrons.com/articles/unive…

We've heard a lot of myths about diversity in asset management -- like "Diverse managers don't perform as well as white ones" and "We can't find diverse managers." We're debunking those myths. Check out our new infographic: diverseassetmanagers.org/debunking-the-…

The @knightfdn just released a major report on the diversity of endowment managers at 16 colleges & universities. Unfortunately, 34 other schools refused to respond. knightfoundation.org/reports/knight… Our statement here: diverseassetmanagers.org/news/new-knigh…

Corporate America needs to be transparent about diversity among its asset managers. That's why we just sent a letter to @EricHolder, @AGLynch, @Lwmurphy, & Debo Adegbile calling for corporate racial equity audits to include pension manager data. See here: static1.squarespace.com/static/5d35efa…

Only 35% of employees at asset management firms believe their firm has made meaningful change on diversity & equity issues. And nearly one in five workers believe their firms' efforts are just lip service. These are painful statistics. @dervi05 @FundFire fundfire.com/c/3638704/4673…

Thanks to @SteveGelsi for writing this important piece on diversity in asset management. While we are excited by signs of progress, there's also a long way to go to ensure talented diverse asset managers are fully utilized.

Our full statement here: diverseassetmanagers.org/news/dami-stat…

Thanks to @SenatorMenendez @SenWarren @SenPadilla @SenatorHick, and @timkaine for taking bold action to improve diversity among corporate asset managers. Diversity isn’t simply a moral imperative; it’s a financial responsibility. thehill.com/news/3511154-d…

When will the asset management industry actually improve diversity? When IC firms refuse to work with managers who do not discuss diversity on their teams. @FundFire @LisaOFu fundfire.com/c/3605034/4627…

Huge thanks to @FT for diving into the rampant racial discrimination in asset management. As @RobertRaben explains, "There is profound and persistent bias in the industry — an actual belief that people of colour cannot manage money at the highest levels."

Thanks to @ADWNews for covering the long, widespread exclusion of Black people from the asset management industry. It's well past time for change. atlantadailyworld.com/2022/05/11/bla…

"By continuing to forgo diversity, Americans aren’t getting the most out of their pension plans." Read our full statement here. diverseassetmanagers.org/news/new-legis…

As @RobertRaben notes: "Federal institutional investors control pension plans for millions of Americans – including veterans, public health officials, law enforcement officers, Postal Service workers, and more. A mounting body of evidence shows that diversity boosts performance.

A huge round of applause to @timkaine, @CoryBooker, & @RepBeatty for introducing landmark legislation that would supercharge diversity in the asset management industry and, CRUCIALLY, put more money in the pockets of American workers.

Today we’re releasing the latest study in our #KDAM series on #diversity in asset management. It finds a strong link between the diversity of firm ownership and the diversity of teams. Dive into our findings here 👇🏾 (1/8)

Today, the @SECGov announced a proposed rule to require climate disclosures from businesses. Make no mistake: this is necessary. But why won't the SEC also require companies to release data on their racial diversity? Clearly, diversity is not a priority. politico.com/news/2022/03/2…

DAMI founder @RobertRaben notes, "The first time Gensler or another commissioner declines to take a meeting with an asset management firm or broker-dealer because they didn't fill out the diversity survey, yes, I think it will be a cathartic and monumental change in the system."

There's a way to push the asset management industry to diversify at a lightning-fast pace: @SECGov Commissioner @GaryGensler should refuse to meet with any SEC-regulated entity that neglects to fill out its diversity survey. pionline.com/regulation/act…

Some colleges and universities are taking steps to diversify their endowment managers, but most are not. It's time for accountability. Itinsidehighered.com/news/2022/02/1…