A lack of focus on diversity and high tuition costs have kept down the population of African-Americans at business schools and harmed their pipeline to corporate jobs, graduates and school advisers say.
The Sterling Group has closed its fifth flagship private equity fund on a $2 billion hard cap, exceeding a predecessor that raised $1.25 billion in 2015.
Netflix CEO Reed Hastings and his wife, Patty Quillin, announced Wednesday morning that they have given $120 million toward scholarships at historically Black colleges and universities — the largest individual donation to the institutions to date.
As global investment markets became more efficient and persistent low interest rates saw returns dry up, institutional investors have been turning to alternative assets in their efforts to generate performance. Since traditional hedge fund investments have often not fully lived up to their promises in the past decade, managers in the space are looking to offer access to other alternative assets, such as private capital, in their attempts to fulfil investors’ needs.
Last week, I wrote about a newly-handed-down Supreme Court ruling that determined that, in a case where pension plan participants were not actually harmed, they could not sue their former employer for mismanaging their pension.