Source: Fast Company
According to a report from the Knight Foundation, management firms owned by women and minorities are discriminated against by philanthropies, public funds, and high net-worth individual and family offices, and corporate interests.
Knight Foundation president, Alberto Ibarguen, states that the foundation realized that “we – like other institutional investors – had a blind spot when it came to diverse-owned firms. We commissioned this report to bring transparency to the sector.”
Research has found that system discrimination occurs across various financial markets, which could cost investors money as well as their reputation due to such unethical behavior.
Performance statistics also show that investors who don’t seek equality among money handlers might be missing out on good returns.
Read Full Story: Fast Company