Short summary
1.4 % of 82 trillion dollars of US-based assets are entrusted to diverse-owned firms.
Long summary
In fact, only 1.4 percent of more than eighty two trillion dollars of US-based assets are entrusted to diverse-owned firms. What does this mean? It means that from the eighty-two trillion dollars being invested in mutual funds, hedge funds, private equity funds, and real estate funds, investors only entrust 1.4 percent of assets are owned by women and/or people of color.
Citation
Knight Foundation. “Asset Management Industry Severely Lacking Diversity, New Knight Foundation Study Finds; Signals Untapped Opportunity For Investors.” Last modified December 7, 2021.
Source
Report
file
tag