The Power100 gathering at the Milken Institute Global Conference has shifted focus this year, emphasizing the need to reclaim the narrative around diversity in finance. Leaders like Jacob Walthour, co-founder of Power100, highlighted the importance of showcasing the contributions of women and people of color in a sector historically dominated by white men. The event comes at a time when policies under President Trump have raised concerns about the future of diversity, equity, and inclusion (DEI) initiatives in both public and private sectors.
This year’s meeting, which included attendees managing approximately $24 trillion in assets, underscored the urgent need to improve capital flows to diverse managers. A 2025 report revealed that minority- and women-owned firms manage only 1.4% of the $82 trillion in U.S. assets, a statistic that participants like Roger Ferguson argue could hinder economic growth if not addressed. The discussions also pointed to an impending AI revolution as a critical macro trend influencing the alternative capital management landscape.
The key takeaway from this gathering is the recognition that fostering diversity in capital management is not just a moral imperative but a necessity for economic vitality. As the Power100 continues to elevate diverse voices and ideas, it could reshape investment strategies and opportunities in the years ahead.
Source: cnbc.com