The Chicago Teachers Pension Fund has exceeded its goal of investing at least 20 percent of its total assets through “MWBE” investment managers, which stands for minority, women or disabled business enterprises. But the largest share of that, just under $2.9 billion, was invested through women-led firms, which Sen. Napoleon Harris III argued was actually of little benefit to Black and brown communities. “But we all know that of women, white women are probably a large percentage of those numbers, so when you really get down to it, the diversity still isn’t there."
Compare the performance, after expenses, with holdings of balanced index funds and see what these so called investment advisors bring in over the long term.
Simple fix for a big problem.
Jeff Carter
5 years ago
would be refreshing someday if someone said, “We are investing based on merit and the returns”. Investing money is not a racism problem. Picking winners in the stock market, doing private equity, picking a winning seed investment has zero to do with gender or race. It’s skill and there are people that are better than others but it’s because of the way they think and analyze things. To say, we are only going to invest in XYZ type person discriminates against everyone else who is NOT that person who might be worthy of an investment. It will hurt returns the… Read more »
Anono Miss
5 years ago
Not sure of the demographics of IL-15, (another made up gerrymandered district written in crayon by Mad-again) but im sure they will be glad to know white women don’t count.
Never a question about the returns of the set aside programs that are supported by trash research regurgiated by failed managers. Guess what, the few pension executives who actually understand the business, realize they have a higher responsibility, called a “Fiduciary Duty”. Not pandering to minority investment managers and brokers (Ariel/Loop) who expect their pro quo from their fully paid for legislators.
I am really against gerrymandering. But in this environment it is hard for me to make an argument that 31 Republican state houses shouldn’t gerrymander the heck out of their states to eliminate Democrats. You know the 19 Democratically controlled states will gerrymander.
Governor of Alderaan
5 years ago
Returns don’t matter, what’s important is the race and gender of board members. Got it
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
Compare the performance, after expenses, with holdings of balanced index funds and see what these so called investment advisors bring in over the long term.
Simple fix for a big problem.
would be refreshing someday if someone said, “We are investing based on merit and the returns”. Investing money is not a racism problem. Picking winners in the stock market, doing private equity, picking a winning seed investment has zero to do with gender or race. It’s skill and there are people that are better than others but it’s because of the way they think and analyze things. To say, we are only going to invest in XYZ type person discriminates against everyone else who is NOT that person who might be worthy of an investment. It will hurt returns the… Read more »
Not sure of the demographics of IL-15, (another made up gerrymandered district written in crayon by Mad-again) but im sure they will be glad to know white women don’t count.
Never a question about the returns of the set aside programs that are supported by trash research regurgiated by failed managers. Guess what, the few pension executives who actually understand the business, realize they have a higher responsibility, called a “Fiduciary Duty”. Not pandering to minority investment managers and brokers (Ariel/Loop) who expect their pro quo from their fully paid for legislators.
I am really against gerrymandering. But in this environment it is hard for me to make an argument that 31 Republican state houses shouldn’t gerrymander the heck out of their states to eliminate Democrats. You know the 19 Democratically controlled states will gerrymander.
Returns don’t matter, what’s important is the race and gender of board members. Got it
As if there isn’t enough proof that they are fiscal idiots!