PRESS RELEASE: McDuffie Introduces Bill to Increase Diversity among Asset Managers of D.C. Public Pensions Fund
Despite equal performance of the assets under management, a recent study finds just 1.1% of the $71.4 trillion assets under management across the world is in the hands of women and minority-owned firms. For Immediate Release: Tuesday, June 6, 2017 Contact: Nolan Treadway, 202-445-0361, ntreadway@dccouncil.us Washington, DC – On May 16, Councilmember Kenyan R. McDuffie, Chair of the District of Columbia Council on Business and Economic Development introduced the Diversity in Fund Management Amendment Act of 2017 [B22- 0286]. The aim of this legislation is to increase the gender, racial, and ethnic diversity of the fund managers by requiring the…
