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Alternative Market Briefing

These are the questions fund managers will be facing on diversity & inclusion

Tuesday, August 18, 2020

Laxman Pai, Opalesque Asia:

The Alternative Investment Management Association (AIMA) and consultant Albourne Partners Limited have launched a questionnaire for alternative investment managers to increase diversity & inclusion (D&I) transparency in the global hedge fund and alternative investment industry.

The questionnaire was developed to "increase transparency around the alternative industry's efforts in embracing D&I," the two groups said in a press release. "The motivation to adopt D&I best practices is becoming widely accepted; the practical aspects of this, however, remain a work in progress."

The diversity section of the questionnaire focuses on classifications of women and minority groups within a money manager's workforce, including racial and ethnic minorities, LGBTQ-plus individuals, veterans and people with disabilities, said a joint news release from Albourne and AIMA.

AIMA and Albourne said that while interest in improving diversity and inclusion is surging across the industry, with the benefits of a diverse workforce "well documented", the practical aspects of achieving this remain a work in progress.

"We acknowledge that for smaller firms it might be difficult to know where to start," said Adam Jacobs-Dean, managing director and global head of markets, governance and innovation at AIMA.

"That's why our paper offers ideas for all sizes of firm, and we have approached the DDQ with the same logic of ensuring that firms of all sizes can make......................

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