This event is hosted by ImpactPHL and Impact for Breakfast

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Racial inequities in the U.S. exist across all sectors, but nowhere are these inequities more prevalent than in the money management industry. Of the $70 trillion global financial assets under management across mutual funds, hedge funds, real estate, and private equity, fewer than 1.3% are managed by women and people of color. Locally, the population of Philadelphia is about 58% black/brown people, yet less than 7% of the $5.7 billion City’s Employee Retirement System is invested by black/brown money management firms.

Our program will focus on the opportunities for investing in and with black/brown owned businesses and money management firms in the United States, with a particular attention to those in the Greater Philadelphia region. Let’s learn how we can move money and services to these firms.

Speakers:

• Seulky McInneshin is the Executive Vice President of the Philadelphia based Enterprise Center. The Center has created an investment fund focused on black and brown businesses, and is seeking commitments from the impact investment community, including institutional asset owners.
• Degas Wright is CEO and CIO of Decatur Capital Management, an investment fund managing more than $500 million. Degas has a particular focus on socially responsible investing.
• Carl Gibbs, Jr. is the President and CEO of Sturdivant & Co., one of the oldest continuously operated minority-owned investment firms in the country, serving institutional, corporate, and governmental entities.

Who should attend this webinar? High net worth individuals, pension fund trustees, family offices, nonprofit leaders, investment professionals, endowment/foundation advisors and anyone interested in broadening their investment horizons.