Racial Bias in Institutional Investing

Racial bias exists in our system of institutional investment, says a new paper in Proceedings of the National Academy of Sciences (that I co-authored).

The paper reveals the findings of a 2.5 year study (secret project) with collaborators across Stanford and industry. In short, we find that a manager’s racial background influences the investment judgments of asset allocators.

With ~$100T in AUM, the influence these allocators have on the entire chain of financial intermediation, capitalism and even society cannot be overstated. We all need to do more to counter racial bias in investment decisions to ensure free markets are actually free.

Race influences professional investors’ financial judgments

Ashby Monk (@sovereignfund)

CAPITAL ALLOCATORS
LIVE!

We currently have enough time before the event to potentially proceed as planned.

We are monitoring the news and will make changes as necessary.

Join us for our inaugural live event

Podcasts with Michael Mauboussin, Morgan Housel, André Perold, James Clear, and Annie Duke

June 18th, 2020 in NYC

Click HERE to Purchase Tickets