Op-ed: Diversity in state pension fund management makes sound financial sense

One of the great strengths of our state and nation is our diversity. It is unfortunate that when it comes to choosing investment managers, diversity is often absent. Increasing business with minority- and women-owned business enterprises is not just about correcting long-standing inequities, it is also very smart money.

Ensuring greater inclusion and diversity among those managing investments opens a wider range of skills, viewpoints, backgrounds and experiences that can be critical to long-term success.

We know that companies that foster diversity at all levels of their operations are more likely to outperform peers that are less diverse. The same truth applies to investment portfolios.

→ Continue reading at Crain's New York Business

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