Meketa: Most managers using DEI policies but execs remain less diverse

ROB KOZLOWSKI, Pensions & Investments

Over three-quarters of money management firms have formal policies for diversity, equity and inclusion, but the population of decision-makers remains less diverse than other parts of the organizations, according to the results of a questionnaire from investment consultant Meketa Investment Group.

In Meketa's second annual Diversity, Equity & Inclusion Questionnaire, which surveyed 420 money managers in January, 78% of respondents said they have a formal DEI policy in place, and an additional 6% said they plan to implement such a policy sometime in 2022.

Among the total number of respondents, 389 firms chose to report diversity statistics for their firm, but only 227 firms chose to report diversity statistics for their boards, and 241 reported equity-ownership figures.Read more here