Wilton, CT, November 15, 2018 – Commonfund, a prominent asset manager for endowments, foundations and public pension investors, announced today the launch of its Diversity Office (“The Office”). By fostering an environment that values different perspectives, challenges conventional thinking and maximizes the potential of all employees, The Office will evolve Commonfund’s previously established all-volunteer Diversity Committee’s mission and efforts.
The Office aims to serve as a resource and clearinghouse of information for diversity in the asset management industry broadly. Specific initiatives that the Office will pursue include promoting the importance of diversity and inclusion in endowment and foundation governance, sourcing and placing diverse managers within client portfolios, and providing firm-wide opportunities for professional and organizational development. It also reaffirms Commonfund’s belief that diversity is a crucial component in both developing a dynamic workforce and constructing robust investment portfolios.