Most Funds Ignore Racial Diversity in Staff, Study Says
- Some 56% of firms surveyed said they do not assess race
- By contrast over three-quarters measure gender of their teams
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The majority of fund managers around the world are not measuring racial diversity within their staff, risking capital flows from socially-focused investors, research by pension consultancy Redington showed.
Some 56% of firms surveyed said they do not collect data on race among their employees, according to a poll of more than 100 asset managers with $1 trillion in total assets. Of the managers that do, 52% have no Black investment team members, the survey said.