Financial Times: Black People Systemically Excluded from Asset Management Industry
May 16, 2022 - A comprehensive Financial Times analysis exposed rampant racism in the asset management industry.
DAMI founder Robert Raben explained: “There is profound and persistent bias in the industry — an actual belief that people of colour cannot manage money at the highest levels… There are black and brown managers, and we have data that shows they’re high-performing. But as long as the majority of people think it’s a performance trade-off we will continue to have a huge demand problem.”
Read the full piece here.