Jesse Jackson hits public funds with no black-owned managers

Calio, Vince
January 2006
Pensions & Investments;1/23/2006, Vol. 34 Issue 2, p2
The article reports that public pension funds that aren't using any black-owned money management firms are being targeted by well-known activist Jesse Jackson, founder and president of the Rainbow/PUSH Coalition. A recent survey by the New York-based Wall Street Project, a unit of the Rainbow/PUSH Coalition, looked at 74 public funds in 20 states with the highest populations of African-Americans. The survey found that 49 of those plans including funds in South Carolina, New Jersey, Mississippi, Ohio and Tennessee weren't using any black-owned money managers.


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