BLACK ASSET MANAGEMENT FIRMS RECEIVE CRUMBS
By Jeffrey McKinney
Article Submission
A fresh study shows that firms owned by minorities and women represent just 9% of the number of mutual funds, 8.8% of hedge funds, 5.9% of private equity funds, and less than 3% of real estate funds. Overall usage is even lower: firms owned by minorities and women manage only 1.1% of the industry’s total $71.4 trillion in assets under management.