The Investment Diversity Advisory Council, or “IDAC”, is a non-profit organization that brings together various professionals across the asset management industry who have come together with one goal in mind: to increase diversity in their organizations.
IDAC’s mission is to engage these stakeholders through a collaborative and self-sustaining community, emboldening them to transform our industry by fully embracing the extraordinary talent of historically underrepresented groups. We believe a more inclusive investment ecosystem produces better financial results for our stakeholders that is more reflective of the US labor force.
As an organization, IDAC is looking to foster increasing underrepresented groups’ representation in the industry by 10,000 new entrants and double the assets managed by diverse-owned firms to at least 3% by 2028.
To achieve this objective, IDAC is aiming to set the foundational element by creating a cooperative which enables asset owners, consultants, diverse and non-diverse investment managers, DEI Force multipliers and other stakeholders to share and collaborate on actionable policies, strategies, case studies, and more. As the community strengthens, so does the opportunity for a quicker path to a more diverse and inclusive asset management industry.
Despite no difference in performance by standard measures of statistical confidence, a gap still exists in the representation of diverse firms in the US investment industry.
Our mission is to drive direct change to these numbers seen below in a matter of years, not decades.
Joining IDAC gives your organization special access to industry-leading workshops, strategies, and resources designed to help you maximize your talent pool.
“If you haven’t got the best talent, you’re not going to be the best; if you’re not representing properly the available pool of talent, then you’re missing an opportunity.”
– Alex Wilmot-Sitwell, Perella Weinberg Partners’ Advisory
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© Investment Diversity Advisory Council | 2023