diversity

Heavyweight Australian investors back a new workplace diversity initiative as LPs admit the issue is a factor in their investment decision-making.

The actionable goals, discussed at last week’s PERE Europe conference, include collecting data, rethinking misconceptions about leave and tackling some required reading.

To tackle underrepresentation of female professionals, the private equity real estate industry needs to first address certain misconceptions, speakers said.

Blackstone, which said the discrepancy was due to three-quarters of its investment team in the country being male, pays men on average 30% more an hour.

The real estate sector’s condemnation of ‘the most un-PC event of the year’ has been swift. Now all eyes are on how it will act. The first test is MIPIM.

Fear of losing money, warnings to be on best behavior or considering skipping events are misguided reactions to the events at the President’s Club charity dinner.

Focusing exclusively on women and minority participation ultimately undermines the program and its underlying managers, according to the pension plan.