Expanding Diversity As We Know It
Institutional investors increasingly want to show their commitment to diversity with meaningful investments, without compromising performance. As a result, they may hire managers that are new, small, or owned by women and minorities.
But ownership is just one, narrow way to measure diversity. It says nothing about other factors which can have equal or even larger impact including the diversity of the workforce or community engagement. Investors should address this challenge by taking a more holistic view.