Antony Berou’s Post

View profile for Antony Berou, graphic

I recruit credit, prudential & treasury risk for leading banks, funds and insurers | Head of Risk, Treasury & Quantitative Analytics Recruitment | We recruit across the entire risk spectrum | MHFA | Actually Autistic

Is ED&I in recruitment about to die? There is an article in the FT today about a new actively managed fund, which is being launched by Azoria Partners early next year, that will exclude S&P 500 companies that incorporate ED&I inclusion considerations into their hiring processes. The fund will unveil it's plan at Trump's Mar-a-Lago resort in Florida, according to a report seen by the FT. The event is also being attended by key figures in Trump's blueprint for government known as Project 2025. James Fishback, one of Azoria's founders has said "Americans, whether they voted for president Trump or not, do not want to invest in companies running woke science experiments” However, a McKinsey report last year that found companies in the top quartile of racial diversity were 39 per cent more likely to perform better than those in the bottom quartile. So, is ED&I about to die in Trump's America? Answers on a postcard, or the comment section below.

Antony Berou

I recruit credit, prudential & treasury risk for leading banks, funds and insurers | Head of Risk, Treasury & Quantitative Analytics Recruitment | We recruit across the entire risk spectrum | MHFA | Actually Autistic

1w
Like
Reply
Kieran B

Geopolitics | International Relations | Human Rights | Current Affairs | Law | Economics | Risk Management

1w

The McKinsey study has been comprehensively debunked (See https://www.linkedin.com/posts/aedmans_maycontainlies-activity-7174675855900606465-eLL3 As for would I buy this index, I'd base any decision solely on risk adjusted financial performance and not anything else. Not complaining about the returns I'm currently getting on the S&P500 so why change.... I think DEI considerations will change. Its only a matter of time before there's a successful lawsuit against the current tidal wave of affirmative action being dressed up as DEI. Genuine diversity is a great thing in terms of both fairness and likely improvements in performance (but we need hard objective evidence and not ideology)....

Rob Ferguson

Ex-Law Firm Partner | COO | General Counsel | Director | Audit Committee Member | Oxford Law and London Business School

1w

It would make sense to me to just invest in the best performing companies because they are the best performing companies

Like
Reply
Scott Nye

Recruiter of risk quants across 1st and 2nd LOD's covering all risk stripes.

1w

What would be really interesting would be for someone to operate a "woke only" fund and compare the performance.

See more comments

To view or add a comment, sign in

Explore topics