asset management Tag

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Whether working in academia, a municipal, state or federal department or within Corporate America, Black employees contributing to their retirement plans have one thing in common: their retirement assets are managed almost entirely by people who look nothing like them. And this longstanding dynamic is draining wealth from Black communities. The asset management industry, one of the remaining bastions of the old boy network, is not only frighteningly non-diverse at the upper levels, but those professionals of color within the industry find themselves struggling to raise capital from