Washington Post: Wall Street and Minorities Struggle

washington post: Jeenah Moon / Bloomberg file photo By Renae Merle The Washington Post Wed., May 3, 2017 Women and minorities are locked out of some of Wall Street's most lucrative positions, managing just 1.1 per cent of the 71.4 trillion of the industry's assets, according to a report released Wednesday, according to Toronto Star. The difficulty in attracting investments comes as firms with diverse leadership teams match, and sometimes exceed, the profits of their competitors, found the study commissioned by the John S. and James L. Knight Foundation and the Bella Research Group. Wall Street has long fought its reputation as a place where women and minorities struggle to succeed. This study, and our experience, confirm that there is no legitimate reason not to invest with diverse asset managers in the 21st century, said Alberto Ibarguen, president of the Knight Foundation, which has an endowment of more than 2 billion. In the complex world of asset management, where firms are given billions of dollars to invest by pensions, endowments and wealthy investors, the disparity is particularly stark. Read more Holding State Street to its pledge on board diversity is why Fearless Girl must stay Wells Fearless Girl' statue stares down Wall Street's iconic bull Article Continued Below Wall Street has long fought its reputation as a place where women and minorities struggle to succeed. (www.immigrantscanada.com). As reported in the news.