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, 2023, DUMAC worked with 130 third-party asset managers, which it has selected to assist in managing university endowment assets. These managers invest approximately $13.2 billion of the Endowment Pool. Approximately 42% 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 42% 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, 2023
| Ethnicity | Gender | Total | US |
|---|---|---|---|
| White | Male | 57.6% | 66.6% |
| Female | 1.9% | 2.9% | |
| Total | 59.5% | 69.5% | |
| Asian | Male | 33.8% | 20.6% |
| Female | 0.9% | 1.4% | |
| Total | 34.7% | 22.1% | |
| Black or African American | 3.6% | 5.4% | |
| Hispanic or Latino | 2.1% | 2.9% | |
| Multi-racial | 0.1% | 0.2% | |
| Diverse Ownership | 42.4% | 33.4% |
Note: Totals may not sum due to rounding