Minority- and women-owned firms manage only 1.1% of $71.4 trillion in assets.
Key to this, pension official Angela Miller-May tells a US House panel, is requiring a set level of minority and female outside advisers.
Report finds that interest and concern have not translated into action.
PSERS’s risk parity director tells what prompted her passionate mission.
Common Retirement Fund has now filed shareholder demands against 33 businesses.
Pensions seek to standardize information money handlers provide in future memos.
The pension is now studying the impact of a 2% to 4% allocation to managed futures on the total fund.
Pension says companies with diverse boards perform better financially.
Stringer and city pension funds succeed in broadening boards at more than half of 151 targeted companies.
18% of US companies targeted in July 2017 now have, or have concrete plans to have, women and minority board members.
More than a third of board members and a quarter of executives in large corporations are female.
Treasurer’s initial proposal of 30% diverse dismissed as ‘arbitrary and limiting.’
State treasurer requested fund define a diverse board as at least 30% women.