Showing posts with label Racial Bias in Investment Management. Show all posts
Showing posts with label Racial Bias in Investment Management. Show all posts

Wednesday, August 14, 2019

The Economic Impact of the Racial Wealth Gap, Racial Bias in Small Business Lending and Racial Bias in Investment Management

Suddenly, it looks like Black people have a lot of friends....several articles have just been published that may point to a revision in management's attitudes about how racial bias has affected Black People:

Racial divide exposed in lending to the smallest of small businesses 
Sole proprietors who are African-American or Hispanic are less likely than their white counterparts to have their funding needs met and are more likely to be discouraged from applying for credit, according to a new report by the Federal Reserve Bank of New York.
https://www.americanbanker.com/news/racial-divide-exposed-in-lending-to-the-smallest-of-small-businesses

Study Reveals (Asset) Allocator Bias Against Black Fund Managers:
When evaluating top-performing managers, institutional investors favored teams led by white men, according to new research from Illumen Capital and Stanford SPARQ.
https://www.institutionalinvestor.com/article/b1gpxh3rph9y69/Study-Reveals-Allocator-Bias-Against-Black-Fund-Managers

The economic impact of closing the racial wealth gap
The persistent racial wealth gap in the United States is a burden on black Americans as well as the overall economy. New research quantifies the impact of closing the gap and identifies key sources of this socioeconomic inequity.
https://www.mckinsey.com/industries/public-sector/our-insights/the-economic-impact-of-closing-the-racial-wealth-gap

That's a lot of progress in a very short time. We, however, are cautiously optimistic.

This may simply be the calm before the storm.