How unlikely partners came together to fight racial bias in asset allocation

Traditional due-diligence and risk-assessment frameworks in the asset management industry have led to a system in which white, male asset managers control 98.7% of the investment industry’s $69 trillion in assets under management. Enter Due Diligence 2.0, a new framework aimed at catalyzing the movement of capital to BIPOC managers. Monique gets the scoop on Due Diligence 2.0 from the team that helped craft it: Rachel Robasciotti, Founder and CEO of Adasina Social Capital; Brent Kessel, Founder and CEO of Abacus Wealth Partners; Tracy Gray, Founder and Managing Partner of the 22 Fund; and, Erika Seth Davies, Founder of the Racial Equity Asset Lab.