Democrats reintroduce bill requiring endowments to disclose manager diversity data
Democratic lawmakers reintroduced a bill to require endowments to disclose how much of their assets are managed by diverse-owned firms.
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Democratic lawmakers reintroduced a bill to require endowments to disclose how much of their assets are managed by diverse-owned firms.
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The bill aims to ensure that educational endowments are also providing diverse fund managers the same opportunities as their white male counterparts.
The bill would require colleges and universities to disclose the share of their endowments invested by minority- and women-owned asset management firms.
A bill to require public endowments to disclose information about their investments with women- and minority-owned managers was introduced in the House.