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Consultants create group to focus on industry diversity
Industry News

By Hazel Bradford

More than a dozen institutional investment consulting firms have formed the Institutional Investing Diversity Cooperative to increase data and transparency around diversity in the asset management industry, the group said Tuesday, January 5, 2021. The members said in a joint statement that they will push for better transparency around diversity within investment teams at the product level, along with more robust data and a broader definition of diversity.

Members of the IIDC advise on a collective $4 trillion of assets held by clients in retirement plans, employee health funds, endowments, foundations and other funds. Founding members include investment consultant and OCIO provider Verus along with Angeles Investment Advisors, Aon, Canterbury Consulting, Ellwood Associates, LCG Associates, Marquette Associates, Meketa Investment Group, Milliman, NEPC, SageView Advisory Group, Segal Marco Advisors and SEI. 


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