Georgetown Seeks Dialogue to Lift Diversity Among Money Managers

Georgetown University said its U.S.-based external money managers are overwhelmingly White and male, as the school seeks to spur a dialogue on bringing more diversity to the investing business.

As of the first quarter, men accounted for 80% of the managers with which the endowment entrusts assets, according to a Georgetown report issued this month. Black and Hispanic staff made up 8% combined, while Asians were 20%.

“We have to start somewhere to expand this conversation,” said Michael Barry, chief investment officer of the unit overseeing the university’s endowment and retirement plan, which had estimated assets of almost $1.9 ...