Although there is no difference in performance between funds with diverse and non-diverse management when controlled for factors like fund size and geographic focus, a study conducted by Illumen Capital and Stanford found that investors still had a preference for funds with white leadership over high-performing funds led by people of colour. And guess what? The sad reality is that leadership in impact investing, investing for social and environmental impact in additional financial return, mirrors traditional investing. Narinder Dhami talks to us about being the first female of colour in a Managing Director role at an impact fund in Canada and how the “doing good” world has a long way to go in terms of creating diverse and inclusive leadership.
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