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.
At June 30, 2021, DUMAC worked with 131 third-party asset managers, which it has selected to assist in managing university endowment assets. These managers invest approximately $12 billion of the Endowment Pool. Approximately 44% are diverse-owned firms.
While Duke and DUMAC alike recognize this is an area where we can do better, we believe the fact that almost 44% 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.
Active Endowment Pool External Investments
June 30, 2021
|Black or African American||1.6%||2.4%|
|Hispanic or Latino||2.3%||3.0%|
Note: Totals may not sum due to rounding