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While diversity, equity and inclusion initiatives are gaining traction with investment managers, there is still a way to go.

In a recent survey from Tannenbaum Helpern and Alternatives Watch of 1,100 end-investor decision makers, 70% of respondents said they did not have a stated goal to allocate to diverse or minority/women-owned investment management firms. In addition, 70% also said that they did not have an explicit allocation plan to promote diversity in their portfolios in 2021 either.

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