Black Asset Management Firms Manage Only 1.1% Of The Total $71.4 Trillion In Assets

BLACK ASSET MANAGEMENT FIRMS RECEIVE CRUMBS

By Jeffrey McKinney

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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.

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