While diversity, equity and inclusion initiatives are gaining traction with investment managers, there is still a way to go.
In a recent survey from Tannenbaum Helpern and Alternatives Watch of 1,100 end-investor decision makers, 70% of respondents said they did not have a stated goal to allocate to diverse or minority/women-owned investment management firms. In addition, 70% also said that they did not have an explicit allocation plan to promote diversity in their portfolios in 2021 either.
Still, there is progress. Sixty-six percent of respondents said they were in the early stages of growing their allocations to diverse managers. Thirty-nine percent said they had a chief diversity officer on staff, considering minority representation within their own offices.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
