Princo embraces diversity and inclusion as a fundamental part of our mission and one of our top priorities. Among many reasons for doing so, academic studies and Princo’s own experience show that diverse teams have an advantage in solving complex problems like those common in investing. As a result, Princo is committed to being part of the solution to improving diversity within its own organization and its roster of external managers, as well as in the investment industry more broadly.
At Princo, we strive to create a welcoming environment that is comfortable for and inclusive of people of all backgrounds and identities. We seek diversity within our team across numerous dimensions, including gender, race, and sexual orientation.
Importantly, we are also highly focused on improving diversity within our manager roster, which we view as essential to producing the best possible investment performance in support of the University. For details about our efforts in this area, we encourage you to read this letter, written in response to inquiries from U.S. Representative Emanuel Cleaver, II and U.S. Representative Joseph P. Kennedy, III. This article, published by Bloomberg in 2019, provides further context on our approach.
Additionally, as part of our efforts to improve diversity within the investing ecosystem, Princo has created an experimental program called Mentor Moments. Mentor Moments provides selected applicants, who may find more information here, with one-hour mentoring sessions with Princo’s senior leadership. In connecting with mentees, we obviously hope to offer up helpful guidance, but as importantly, we seek to learn from different perspectives about our industry’s impediments to recruitment and retention of investors from underrepresented backgrounds.