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Do Diverse Pension Plans Hire Diverse Investment Managers: The Answer May Surprise You

By Alan Hughes of the National Association of Investment Companies

As America’s population continues to become more diverse, the number of careers and economicopportunities in which members of these communities were historically shut out has gradually declined. In the corporate arena, management, the C-Suite and boardrooms are progressively looking less homogenous after painstaking work by trailblazers and others not afraid of the repercussions that come from demanding change. In the National Football League, the Rooney Rule led to increased hiring of
African American coaches. However, the financial services industry remains one of the areas in which diversity has been slower to take hold.

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