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Milken Institute Report: An Asset Owner Guide for Investment Portfolios

The Milken Institute: The Path to Inclusive Capitalism: An Asset Owner Guide for Investment Portfolios

(Published December 19, 2022) Read the full report by Blair Smith, Bhakti Mirchandani, and Troy Duffie.

“The current leadership and workforce in the asset management industry often do not adequately reflect the composition of those individuals investing in or contributing to the funds which are managed,”

-Richard Ditizio, president and chief operating officer of the Milken Institute.

The Milken Institute has released a new report that highlights the business imperative of Diversity, Equity and Inclusion (DEI) in asset management. Shockingly, only 1.4 percent of the US industry's $82 trillion is managed by firms led by women or people from diverse backgrounds - revealing an urgent need to create greater equity within portfolio allocation and investment practices across all industries.

"As the ultimate owners of capital, asset owners have the ability and responsibility to drive DEI within investment management teams and portfolios and across the asset management industry,"- The Milken Institute.

Asset owners have the unique opportunity and duty to encourage diversity, equity, and inclusion throughout their investment processes. To help these investors on this journey towards inclusive capitalism, Milken Institute outlines a series of four primary pillars:

  1. Incorporating diversity and inclusion into governance

  2. Sourcing diverse talent

  3. Underwriting equitably

  4. Committing to equitable monitoring and engagement.

At LISC Strategic Investments, we understand the power of diversity and have proudly brought together a talented team to create pathways for diverse individuals who dare to dream big. Our commitment is to open up access to capital that allows divers, dreamers, and doers opportunity to grow their businesses and community. Thank you to Milken for putting together this much needed guide.


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