Asset Management Culture
Massachusetts Ramps Up Diversity Guidelines
The state’s PRIM Board will vote against nominees if less than 35% of the board is diverse in terms of gender and race.
Tag: diversity
Asset Management Culture
Northeastern State Treasurers, Asset Managers Form Corporate Diversity Coalition
Shareholder activism group aims for more diversity in corporate governance.
Newsmakers
Ken Fisher’s Lewd Comments Cost Him a Big Client
The State of Michigan Retirement Fund has severed ties with billionaire asset manager’s firm, yanking $600 million investment.
Lawmakers Introduce Bill to Boost Diversity at Asset Management Firms
Minority- and women-owned firms manage only 1.1% of $71.4 trillion in assets.
Newsmakers
Boosting Diverse Managers Needs a Big Push, Says Chicago Teachers’ CIO
Key to this, pension official Angela Miller-May tells a US House panel, is requiring a set level of minority and female outside advisers.
Diversity Not a Priority for Asset Managers
Report finds that interest and concern have not translated into action.
Newsmakers
At Pension Bridge: How Susan Oh Is Raising Diversity Awareness for Female Investors
PSERS’s risk parity director tells what prompted her passionate mission.
Manager Selection
TRS Expands Diversity Recruiting by Partnering with Howard U
Albright: ‘Any number of Howard students may be tomorrow’s investments superstars – and we want them playing on our team for our members’ long-term financial security.’
Regulation
New York State Comptroller Calls Out 4 More Companies on Board Diversity
Common Retirement Fund has now filed shareholder demands against 33 businesses.
Newsmakers
New York City Looks at Better Diversity Survey for Outside Money Managers
Pensions seek to standardize information money handlers provide in future memos.
Newsmakers
San Diego to Pursue Managed Futures Strategies in Diversification Quest
The pension is now studying the impact of a 2% to 4% allocation to managed futures on the total fund.
Newsmakers
Canada Pension Plan Focuses on Board Gender Composition
Pension says companies with diverse boards perform better financially.
NYC Comptroller’s Diversity Push Shows Some Results
Stringer and city pension funds succeed in broadening boards at more than half of 151 targeted companies.
CalPERS: Board Diversity Efforts Beginning to Work
18% of US companies targeted in July 2017 now have, or have concrete plans to have, women and minority board members.
Asset Management Culture
Swedish Companies Boost Gender Diversity for Leaders
More than a third of board members and a quarter of executives in large corporations are female.