Employees and owners of investment management consulting firms are overwhelmingly white, new data from the Diverse Asset Managers Initiative show.
Limited partners and industry groups are paying increased attention to the diversity of employees and leadership at the consulting firms they work with, DAMI said in a report, expected to be released Thursday. The group’s survey found that, on average, about 73 percent of consulting firms’ employees are white and so are 80 percent of their owners and partners.
This is an improvement in racial diversity compared to DAMI’s 2018 survey that
Institutional Investor covered that year. Just 11 consultants responded to that probe, which found about 77 percent of employees were white along with about 85 percent of the firms’ owners.