Diversity, Equity and Inclusion

As a firm, we believe that a diverse workforce leads to higher quality work, better decision-making and greater employee and client satisfaction. The value of diversity, equity and inclusion extends far beyond corporate output. 

Racial and gender equity have important implications for the long-term health and effectiveness of our industry, the nation and the world. This is only likely to increase in importance over time as the percentage of people of color rises and more women are able to participate actively in the workforce due to changes in technology and employment norms, such as working from home. When we encourage and include women, racial/ethnic minorities and others traditionally underrepresented in financial services to come into asset management and rise through the ranks of leadership, not only do we help to change the lives of those people, we broaden the investment opportunity set for investors and, ultimately help to build a more equitable and balanced society at large. 

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diversity

Our Mission

In 2018, we created a Diversity, Equity and Inclusion Office to intentionally promote and foster inclusion and equity across the firm and our investment process, thought leadership, and professional and organizational development.

Video published in February 2021.

View our DEI policy

Commonfund Diverse Manager Portal

Join our universe of managers

Commonfund continues to build out our diverse manager commitments. We use the same due diligence process for diverse managers as for all other managers with which we invest and selection criteria are also influenced by the expected needs of client portfolios for the coming year.

While Commonfund sources diverse managers from many avenues, one of our key sources has been through our annual Diverse Manager Day and our Diverse Manager Portal.

As of December 31, 2023. Diverse managers are defined by Commonfund as firms led by women, African American/ Black, Asian, Latino, Indigenous, people with disabilities, veterans and others not captured by this list. They must have at least 25 percent diverse leadership and additionally, have at least 25 percent diversity within the investment team.

Join our universe of managers

Initiatives

Our commitment to diversity, equity and inclusion (DEI) in action.

People

Investments

Thought Leadership

Recruitment, Retention & Advancement

Intentional hiring of diverse talent
Leadership training for high potential talent
Financial support for professional designations
Implicit Bias Awareness and Mitigation training

Diverse Manager Outreach

Proprietary diverse manager database
Diverse Manager Portal to expand outreach
Host invitational Diverse Manager Day annually

 

Implementation

Incorporate diverse managers in all searches
Inclusion of DEI questions in manager due diligence process

Partnerships & Collaborations

Collaborate with trade associations, academics, and other strategic partners
Interview, highlight and convene diverse nonprofit and investment leaders

 

Insight

Publications on DEI via Commonfund Institute
Serve as a clearinghouse for information on DEI in the asset management industry

2016

Diverse manager investment program established

Partnership with Girls Who Invest begins

Veterans Day acknowledgement*

2017

Volunteer Diversity Committee established

Implemented Commonfund’s version of the “Rooney Rule” for new managers and hires

Hosted a table at TOIGO Gala

Joined the Board of the TOIGO Foundation

2018

Formed Diverse Manager Committee

Incorporated DEI into 3rd-party investment manager due diligence process

Became signatory to Pension Real Estate Association Foundation Diversity Initiatives

Heritage Month Celebrations begin

Initiated partnership with ABC Wilton

2019

Proprietary Diverse Manager Database launched

Diverse Manager Portal Created

1st DEI Employee survey conducted

2020

Developed DEI Policy and Diversity Committee Charter

1st Implicit Bias and Bias Mitigation Training conducted

1st invitational Diverse Manager Day held

Became signatory to Confluence Philanthropy Racial Equity Pledge

Juneteenth recognized as company holiday

2021

Co-hosted speaker series with Ford Foundation

1st biennial DEI report produced

Developed a mentor program

2022

Participated in the WKKF/McKinsey Expanding Equity Program

Employee Resource Groups created

2023

Sponsored Gender Equity Consortium

Joined the CFA Institute Committee on DEI

Hosted 1st keynote HBCU panel at annual Forum

Hosted Pride Month training with CT Pride Center

Launched Diverse Manager Spotlight video series

2024

Became a signatory to CFA Institute Diversity, Equity and Inclusion Code

Hosted educational session with The Bard College Center on the Study of Hate

*Veterans Day has been celebrated since our founding in 1971.

We recognize that in order to create sustainable momentum, we must continue to shape and express our point of view—diversity, equity, and inclusion should be advanced in our industry.

Browse our DEI Thought Leadership

Diversity Resources

Diversity

Policy Areas Impacting Endowments and Foundations Today

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Diversity

Key Takeaways from Commonfund’s 5th Annual Diverse Manager Day

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Diversity

Celebrating Pride Month: A Resource Guide

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