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This week we’re discussing a brand new data set on diversity and inclusion within asset management with LCP’s Laasya Shekaran. We discuss – the background to this dataset and what the Diversity Charter entails. We discuss the coverage of the data and the challenges in collecting it. We run through highlights from the data and accompanying LCP report, pulling out key messages. We discuss various government review recommendations that serve as benchmarks to judge some of the data against. Finally, we focus on the future and where Laasya expects this to go over the next five years.
Links mentioned:
- Diversity and inclusion at investment manager firms: LCP’s report on our survey 2022
- Diversity, equity and inclusion: A recipe for an effective pension scheme
We discuss:
- Asset Owner Diversity Charter – when did it come out, its aim, and what does it entail?
- Who has signed up so far?
- Why this and why now?
- The questionnaire – the level of response from managers and the figures
- How have discussions with managers in this area gone? Particularly any good and bad examples that we have come across
- Data collection issues
- LCP’s report – key messages on the current state of play
- We’re all familiar with D&I, but let's spend a moment on DEI – we explain what we mean by equity
- Forward-looking - what Laasya would like to see over the next 12 months and the next 5 years?
What's one thing to take away?
The fund manager industry is connected to the wider world, we don’t exist in a silo.
What's the most underappreciated thing about this area?
How hard it is to get the data, and the need to think about the bigger picture in terms of systemic risks.
Any recommendations?
Each LCP Investment Uncut podcast is for information and marketing purposes only and does not constitute any form of investment or financial advice or a financial promotion (under the Financial Services and Markets Act 2000). All views expressed by the podcast hosts and guests are purely their own opinions and do not represent those of LCP, its clients or affiliates. LCP does not provide any warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. Past performance is not indicative of future returns. Our podcast listeners should always seek independent financial or legal advice before making any financial or investment decisions. Please refer to the Legal Notices section on the LCP website for further information.
