Wilshire believes that diversity in all its forms  leads to better business outcomes. As such, greater transparency on diversity, equity and inclusion (DEI) is foundational to informed decision-making by both internal and external stakeholders. Wilshire offers this report as full disclosure on our own diversity profile and details how we strive toward equal access and opportunity for asset management firms owned by people from underrepresented groups.  

Wilshire has been active in the diverse-owned manager space since the 1980s but enhanced and rededicated our efforts in 2018. Since that time, this initiative has had a demonstrable impact on the engagement of diverse-owned firms.  

Quantifiable progress is encouraging and yet Wilshire acknowledges that gaps remain. It is an explicit goal of Wilshire’s Manager Research team to increase its coverage of asset managers and products from underrepresented groups. In turn, we expect this directive to contribute to increasing the percentage of searches that include diverse-owned firms, the win-rate of diverse-owned firms, and ultimately assets under management by diverse-owned firms.  

Given some successes and remaining challenges, Wilshire renews our ongoing commitment to accelerating change.