Valued at $31.2 billion, Yale’s endowment is a huge win for many investment managers.

However, at the beginning of October 2020, the university’s endowment chief Dave Swensen added a condition to the privilege of managing their money: fund managers have to demonstrate efforts to increase diversity within their firms. He said he wants to see “a level of diversity in investment management firms that reflects the diversity in the world in which we live.”

Since the deaths of Breonna Taylor and George Floyd, companies and institutions have responded to the call for justice in varying degrees. …

About

Arlan

Venture Capitalist + Tour Manager for Janine & The Mixtape www.ArlanWasHere.com

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