Asset managers who commit to strong diversity and inclusion initiatives are better perceived overall and may be more likely to land mandates, according to Coalition Greenwich.
The consulting and research firm found a positive correlation between an asset manager’s perceived commitment to D&I initiatives and the overall market’s perception of those managers, according to a paper by Greenwich consultant Susan Gould.
From 2018 to 2020, Coalition Greenwich asked investment consultants to evaluate and compare asset managers based on their D&I initiatives. The asset managers who respondents considered to be “D&I leaders” also scored consistently higher on other metrics, including overall quality, investment quality, service, and consultants’ confidence that the managers would deliver on expectations. D&I leaders were also more likely to appear as consultant short list recommendations and scored higher for client and non-client investor consideration and strategic advisor stat