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Racial Bias in the Investment Decisions of Asset Allocators

Wednesday, June 17, 2020

Due to recent tragic events, the world is more contemplative of the issues of racism and bias. Discussions have started or increased across various industries about awareness and reform to strive towards a community without discrimination and prejudice. A couple weeks ago, GPC's Executive Director Ashby Monk and his co-host Sloane Ortel had a segment titled "Black Investors Make a Difference to Your Bottom Line" on their FREE MONEY* podcast. Their special guest was Illumen Capital Managing Director Daryn Dodson, who co-wrote the research article "Race influences professional investors' financial judgments," which revealed evidence of racial bias in the investment decisions of asset allocators. Other writers of that paper included Monk, Sarah Lyons-Padilla, Hazel Rose Markus, Sid Radhakrishna, Radhika Shah, and Stanford SPARQ Faculty Director Jennifer Eberhardt; it was published last August in PNAS Proceedings of the National Academy of Sciences.

 

*FREE MONEY is not a Global Projects Center program. The views and opinions expressed in this podcast series are those of the speakers and do not necessarily reflect the official policy or position of Global Projects Center.