{"id":47920,"date":"2021-06-22T13:09:11","date_gmt":"2021-06-22T13:09:11","guid":{"rendered":"https:\/\/pr.asianetpakistan.com\/?p=75421"},"modified":"2021-06-22T13:09:11","modified_gmt":"2021-06-22T13:09:11","slug":"evestment-to-drive-transparency-and-data-standardization-of-diversity-equity-and-inclusion-in-asset-management","status":"publish","type":"post","link":"https:\/\/malaysiantribune.com\/evestment-to-drive-transparency-and-data-standardization-of-diversity-equity-and-inclusion-in-asset-management\/","title":{"rendered":"eVestment to Drive Transparency and Data Standardization of Diversity, Equity and Inclusion in Asset Management"},"content":{"rendered":"

DEI data will be available for all investors free of charge through eVestment platform<\/h4>\n

ATLANTA, June 22, 2021 (GLOBE NEWSWIRE) — eVestment, a Nasdaq company and a global leader in institutional investment data and analytics<\/a>, will make its asset manager diversity, equity and inclusion (DEI) data available for investors free of charge in an effort to improve transparency and standardization across the industry. The initiative is intended to provide an efficient and streamlined process for diversity disclosure. While the reporting is entirely voluntary, over 20% of the asset management firms on eVestment, representing 6,182 strategies, have responded to the DEI data collection program since January 2021.<\/p>\n

Access to consistent, reliable and accurate data is critical to advance transparency in DEI. eVestment is committed to working with asset managers and asset owners to improve the data collection and discovery framework, and empower investors with DEI statistics on both firm and strategy levels.<\/p>\n

\u201cThe investment community is on a journey in creating a more inclusive environment and ensuring that asset managers hired by pensions, foundations, family offices and endowments better reflect the diversity of asset owners and the end beneficiaries,\u201d said Lauren Dillard, Executive Vice President and Head of Investment Intelligence, Nasdaq. \u201cInstitutional investors representing trillions of dollars in assets already leverage eVestment for data and analytics. Our mission is to build on that community to further the industry progress in diversity and inclusion.\u201d<\/p>\n

In January, eVestment launched the updated DEI questionnaire as part of a new industry-wide DEI data collection initiative<\/a>, now dubbed the Institutional Investing Diversity Cooperative<\/a>. The questionnaire offers asset managers options to highlight both qualitative and quantitative aspects of their DEI efforts.<\/p>\n

Additionally, recognizing that asset owners seek to understand the state of diversity and inclusion across the entirety of their portfolios \u2013 both public and private markets strategies \u2013 Nasdaq is collaborating with the Institutional Limited Partners Association (ILPA) and FCLTGlobal to extend the effort to a standardized approach for making data from private fund managers available to Limited Partners, reflecting diversity of leadership and decision making\u00a0at both the fund manager and the portfolio company level. As with the IIDC collaboration, this effort encompasses both the quantitative and qualitative, contextual data that illustrates how managers are advancing DEI in their own organizations.<\/p>\n

Asset owners are demanding data beyond headline ownership stats, and the new questionnaire gives managers the ability to highlight information like hiring practices and mentor programs that promote diversity, equity and inclusion in their organizations.<\/p>\n

Key findings from current data collection initiative include:<\/p>\n