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Diversity pioneer says industry has backtracked

Sep 30, 2019 - InvestmentNews

John W. Rogers Jr., chairman of Ariel Investments and a pioneer of diversity and inclusion in the financial services profession, issued a reality check for industry participants this month, saying the industry has backtracked rather than improved when it comes to diversity.

"I think we've actually gone backwards over the 36 years I've been at Ariel," said Mr. Rogers, who founded his firm - the first African American-owned mutual fund company and now the largest such asset management firm, ...