Investors are planning to increase their allocations to private markets to capture higher returns with the help of external partners like outsourced cios.
The survey included responses from ceos, cios and directors of operations from 300 asset managers with $500 billion in assets under management or less.
All participating institutions had more than 5% of their U.S.-based assets with diverse-owned firms, however, more than two thirds of the wealthiest 25 private and 25 public college and university endowments refused to participate in an assessment of the diversity of their asset managers.
As institutional investors increasingly embrace ESG investing and net-zero carbon emissions goals, suitable investment options have not kept pace, according to a recent report.