Essence Magazine:

By Jasmine Browley ·Updated August 2, 2024

Less than 2% of AUM (Assets Under Management) are handled by diverse-owned firms. According to a 2019 study, 2.68% of single-manager active equity funds were managed by Black managers. A 2023 AFAJOF report found that 9.65% of U.S. hedge fund managers are

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