Camradata, the firm that owns Funds Europe, recently expanded its online database to capture data on diversity & inclusion (D&I) in asset management – a move seen as a step forward in transparencey.
Camradata Live, the firm’s database of asset manager performance, will capture the data to ascertain asset manager progress on D&I in light of the the Asset Owner Diversity Charter. The data will be made available to all asset owners and consulting firms, and managers will be able to submit their D&I data in Camradata Live.
The move follows a working group, consisting of 20 investment consulting firms, agreeing on a data set to be collected from managers to ensure progress on D&I.
“D&I is not a box-ticking exercise. Greater transparency will equip the industry to identify and break down barriers to progress,” said Brunel Pension Partnership head of stewardship Helen Price.
D&I is increasingly a key concern for investors, with a growing demand for reliable metrics on how asset managers are tackling the issue and embedding it into their practices.
Price added: “Allowing time for managers to complete the question set, asset owners and investors will then be able to freely access this information.
“This will allow for consistent standardised data collection that enables our industry to evaluate D&I responses and actions on an ongoing and meaningful basis.”
According to a recent survey, asset managers are increasingly paying attention to diversity, though there is still work to do to improve metrics.
Meketa Investment Group’s annual D&I questionnaire revealed that year-on-year, there had been little change in terms of makeup of firms, especially at leadership level.
The top quartile of managers had no year-on-year increase in terms of gender diversity, for example.
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