Hedge Funds Face Mounting Pressure With Diversity Questionnaire
- Kresge, MacArthur foundations join big pension funds in push
- ‘It’s important to lean on them’ for change, Kresge CIO says
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Two institutional investors with more than $10 billion of assets are joining a growing movement to compel hedge funds and other asset-management firms to be less White and less male.
The Kresge Foundation and the John D. and Catherine T. MacArthur Foundation will send a standardized questionnaire to all of their money managers to measure the diversity of their ownership, leadership and workforce.