New Initiative Seeks To Increase Use of Diverse-Owned Managers

A new initiative has been launched that seeks to create a sus- tained campaign to increase the number of institutional assets managed by diverse-owned firms.

The Diverse Asset Managers Initiative (DAMI) brings together leaders from the corporate, union, foundation and endowment and other sectors with diverse asset managers and other organizations to provide a multi-pronged approach to addressing the issue.

The efforts are led by four co-chairs: Mary Kay Henry, inter- national president of Service Employees International Union; Alberto Ibargüen, president and ceo of the John S. and James L. Knight Foundation; John W. Rogers Jr., chairman, ceo and cio of Ariel Investments; and William A. Von Hoene, Jr., senior executive v.p. and chief strategy officer of Exelon Corporation; and are coordinated by The Raben Group, a minority-owned lobbying and consulting firm.