Skip to content
Subscriber Only

Fund Allocator Plots Extra $20 Billion for Minority Managers

  • Cambridge Associates will double how much clients invest
  • Firm says diversity conversations ‘exponentially increased’
Jasmine Richards
Jasmine RichardsSource: Cambridge Associates

Jasmine Richards thinks fund investors should help boost diversity in the money management industry -- and she has a plan to do just that.

The head of diverse manager research at Cambridge Associates aims to roughly double clients’ investments in minority managers to 10% of Cambridge’s assets under advisement in five years. For a firm that advises on $410 billion, that means an increase of just over $20 billion. And it’s something that investors are taking an interest in, she said.