EVestment, the Nasdaq daughter company specialising in institutional investment data and analytics, is undergoing the programme to increase transparency and foster standardisation in the money management industry. The firm developed a voluntary questionnaire on diversity and inclusion (D&I), and since January over 20% of managers tracked by the company, representing 6,182 strategies, have responded to its data collection programme.
In the questionnaire, managers can highlight both quantitative and qualitative facets of their D&I efforts. EVestment’s programme is part of a wider industry initiative called the Institutional Investing Diversity Cooperative.
Lauren Dillard, executive vice president and investment intelligence head at parent company Nasdaq remarked, “Institutional investors representing trillions of dollars in assets already leverage eVestment for data and analytics. Our mission is to build on that community to further the industry progress in diversity and inclusion.” Dillard continued, saying that, “The investment community is on a journey in creating a more inclusive environment and ensuring that asset managers hired by pensions, foundations, family offices and endowments better reflect the diversity of asset owners and the end beneficiaries.”