Diversity & Inclusion: Challenging the Investment Divide

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Join a panel of experts and legislators who've worked on MWBE issues and economic justice nationwide as we will tackle the extreme racial and gender gap in our pension investment industry. According to the Knight Foundation: "out of the $71.4 trillion of fund assets that are actively and externally managed, only 1.1 percent of those are managed by minority-and-women owned firms.” Even our very own New York Common Pension Fund, which is valued at $194.3 Billion, faces the same challenges. The problem is pervasive and nationwide, and while our State has made some strides, like with the Emerging Manager Program in 2014 and other efforts, there is still work to do. Research shows that diversifying firms can have a significant impact on our communities, which have long been disenfranchised from this industry. We stand at a time in history where we can be bold and challenge the status quo for the improvement, prosperity, and equity of our communities. Join us as we discuss what the State has done, what work is left to do, and how we can help bring change to this industry.

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