SAN
FRANCISCO, May 1, 2024 /PRNewswire/ -- Callan, a
leading institutional investment consulting firm, announced the
results of its inaugural 2024 Asset Manager DEI Study,
highlighting asset manager responses to diversity, equity, and
inclusion (DEI) questions gathered in Callan's proprietary
database. Reflecting input from over 1,200 unique organizations,
the study offers a high-level assessment of the degree to which
these organizations have established DEI policies and
procedures.
"With this study, we're able to gauge how asset management firms
are incorporating DEI practices into their core business, which we
feel is important to the success and longevity of any firm," said
Lauren Mathias, CFA, senior vice
president in Callan's Global Manager Research group and the
firm's diversity, equity, and belonging champion. "While we've been
tracking this type of data in our proprietary database for decades,
this study is the baseline in our benchmarking as we analyze trends
over time."
Key Findings:
Of the 1,200 firms that responded to these questions:
- 70% have adopted a formal DEI policy
- 71% have diverse recruitment initiatives
- 65% have a DEI training program
- 50% have mentorship programs for underrepresented
groups
- 37% have a pay-parity policy, and 36% have conducted a
study
To delve into how firm size influences trends within the
industry, Callan segmented the data based on assets under
management and employee count thresholds. Callan found a higher
percentage of larger organizations with policies and practices in
place, given they tend to have more resources to dedicate to these
initiatives.
Diversity, Equity & Belonging at Callan
Callan
launched its diversity, equity, and belonging (DEB) strategy in
2021 to build on the firm's values established by founder
Ed Callan in 1973. The DEB strategy
ensures that Callan will continue to engage, innovate, and grow by
building a diverse workforce, pursuing equitable outcomes, and
creating a sense of belonging for all employees.
Find the summary blog post and full study
here.
About Callan
Callan was founded as an employee-owned
investment consulting firm in 1973. Ever since, we have empowered
institutional clients with creative, customized investment
solutions backed by proprietary research, exclusive data, and
ongoing education. Today, Callan advises clients with more than
$3 trillion in total assets, which
makes it among the largest independently owned investment
consulting firms in the U.S. Callan uses a client-focused
consulting model to serve pension and defined contribution plan
sponsors, endowments, foundations, independent investment advisers,
investment managers, and other asset owners. Callan has six offices
throughout the U.S. Learn more at callan.com.
Media Contact:
Elizabeth
Anathan
mediarelations@callan.com
415-274-3020
View original content to download
multimedia:https://www.prnewswire.com/news-releases/callans-inaugural-asset-manager-dei-study-illustrates-how-asset-management-firms-approach-dei-302132236.html
SOURCE Callan LLC