Endowment Pros Look to Funnel Trillions to Diverse Fund Managers
A group of big institutional investors is partnering with fintech platform Clade to increase placements with diverse fund managers.
Endowment executives at the University of Rochester are among those who created a database of women and minority investment managers.
Photographer: Libby March/BloombergBig asset managers including pension funds and family offices will soon be able to use a fintech platform to gain easy access to a database of about 900 women and minority investment professionals.
The list of managers was started as a Google spreadsheet by executives for the endowments of the University of Rochester, which oversees about $3.5 billion, and Trinity Church Wall Street, an Episcopal congregation that manages $7 billion. They formed the Institutional Allocators for Diversity Equity & Inclusion, which now has more than 600 members.