Walthour: NJ claimed investing in diverse managers breached its fiduciary duty
Jake Walthour · Diversity, Equity & Inclusion 1: Jacob Walthour – A Blueprint for Diversity (Capital Allocators, EP.151) · Aug 10, 2020 · at 56:11
Jacob Walthour, CEO of Blueprint Capital Advisors, recounts New Jersey's changing policies and statements regarding diverse asset managers amid legal pressure.
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“They originally told us, quote unquote, it was against their fiduciary responsibility to invest with women and minority-owned firms. Their website now says women and minority-owned firms, we're open for consideration.”
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