Diversity, inclusion hold sway in manager hiring decisions – study
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Investment consultants are more likely to recommend hiring money managers that commit to diversity and inclusion, according to a study from Coalition Greenwich.
The study's report, "Commitment to Diversity and Inclusion: The Hidden Competitive Weapon," finds a correlation between the perceived commitment by money managers to diversity and inclusion and their performance in range of metrics including the likelihood of being recommended by investment consultants.
The group of "D&I leaders" consisted of managers who received the top 10 highest ratings for diversity and inclusion. Utilizing a pool of 126 money managers, the study asked investment consultants which firms they would recommend for a manager search, and a total of 27 managers were noted. Of that total, 21 were D&I leaders, according to the report.