Pointing to low levels of diversity among money managers and private equity firms, it gives examples of successful programs that boost diversity.
Equity returns are almost half a percentage point higher with more women in investment firms, per WTW.
Thomas DiNapoli is calling for more accountability from portfolio firms regarding corporate diversity, equity and inclusion.
Top-flight entities, from CalPERS to Cambridge Associates, pledge to boost DEI and track their progress.
Verus Advisory is the latest to join the group of signatories, which so far represent $17 trillion in assets.