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The manager joins firms including JPMorgan and Arena Investors in seeking opportunities in the sector, particularly in the wake of the coronavirus pandemic.July 13
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Over the past 15 years, Black participation in the industry has stalled at a mere 8% — a figure that typically dwindles heading up the leadership ranks.July 10
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The firm had a target of joining the "$1 trillion club." Instead, clients withdrew more than $157 billion from its 2017 merger to the end of last year.June 30
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The privileged realms of American finance still look much the way they did a decade ago, or even two or three decades ago.June 29
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The industry’s lack of Black people and other minorities may explain why the world of social investing has fallen short on pushing corporations on race.June 24
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Just 5% of its 16,000 employees are Black, according to the company.June 23
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Members of the bank’s operating committee will be evaluated annually on how much they have increased representation and inclusion of diverse employees in the operations they oversee.June 17
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About 6% of the country’s family offices have more than $5 billion of assets under management, while roughly a third control $500 million or less.June 16
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“The idea is economic fairness, economic justice, economic inclusion. Not just making donations,” says Ariel Investments co-CEO John Rogers.June 8
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The death of George Floyd in Minneapolis and other fatal police encounters now fueling protests nationwide have prompted executives from almost every major bank and investment firm to speak out.June 2
