DUMAC is committed to identifying and eliminating systemic racism and bias in our culture and investment processes.
DUMAC has a history of investing in emerging managers, providing essential seed and anchor capital on numerous occasions, including to emerging managers that are diverse owned (i.e., persons identifying as non-white, women, or other gender minorities) and where diverse individuals are key principals.
As of June 30, 2024, DUMAC worked with 45 diverse third-party asset managers, overseeing approximately $4.1 billion of the long-term pool investment assets. This represents about 39% of the funds managed by current external managers.
While Duke and DUMAC alike recognize this is an area where we can do better, we believe the fact that almost 39% of the firms are diverse-owned demonstrates that DUMAC’s philosophy, process, and people have worked together to show respect for the crucial principle of diversity.
Firm Ownership
Active Endowment Pool External Investments
June 30, 2024
| Ethnicity | Gender | Total | US |
|---|---|---|---|
| White | Male | 61.3% | 69.6% |
| Female | 1.5% | 2.2% | |
| Total | 62.9% | 71.8% | |
| Asian | Male | 30.1% | 18.3% |
| Female | 1.0% | 1.5% | |
| Total | 31.2% | 19.8% | |
| Black or African American | 3.8% | 5.4% | |
| Hispanic or Latino | 2.0% | 2.7% | |
| Multi-racial | 0.2% | 0.3% | |
| Diverse Ownership | 38.7% | 30.4% |
Note: Totals may not sum due to rounding