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The Association of Asian American Investment Managers (AAAIM) is a national 501 (c)(3) non-profit organization dedicated to increasing diversity and inclusion in the investment management industry, serving as a powerful voice for the Asian American and Pacific Islander (AAPI) community. Our goal is to elevate underrepresented groups through education, networking, and empowerment.
New AAAIM Study: AAPI-owned Funds Significantly Underrepresented in US AUM Despite Outperformance
As several AAAIM studies have found, AAPIs’ experience in the asset management industry is incongruent with perception that AAPIs are overrepresented in asset management. One consequence of this misperception is that AAPIs are categorized as a ‘majority demographic’ – and as such are denied access or overlooked as candidates for advancement programs. In 2020, AAAIM initiated a series of research studies in partnership with Bella Private Markets under the leadership of Professor Josh Lerner of the Harvard Business School to analyze AAPI representation in the asset management industry.
New AAAIM Study: AAPIs see 50% Career Attrition from Entry Level to Senior Level Positions in Asset Management
A new study released by the Association of Asian American Investment Managers (AAAIM) analyzes AAPI career attrition and female representation in asset management.
Like other diverse communities, Asian Americans and Pacific Islanders (AAPI) face structural barriers in career advancement, resulting in exclusion when moving up into leadership positions at asset management firms. Simultaneously, AAPIs deal with the ‘model minority myth’ and unconscious bias which leads the industry to group AAPIs with Caucasians rather than with other minority communities.
Beyond the Glass Ceiling: Examining the Intersectionality of Being an AAPI Woman in Financial Services
As a follow up to our widely covered “Good Workers – Not Leaders” study, AAAIM and Backstop Solutions now tackle the unique challenges facing AAPI women in investment industry. This year’s survey and research looked at the “double bind” facing many AAPI women who must navigate both the bamboo and glass ceilings simultaneously. A majority of AAPI women surveyed indicate that the combination of these gender and racial biases have had a material impact on their professional growth and upward mobility in their career.
Good Workers — Not Leaders: Unconscious Biases That Stall AAPI Advancement
For many Asian Americans and Pacific Islanders, what some have called the “bamboo ceiling” is a daily obstacle. It manifests itself in regular microaggressions — co-workers who always confuse Asian Americans on staff because they “look alike” or a manager who expects an AAPI professional to play the role of “model minority,” stereotypically shy or demure.
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EP 77 – Soo Kim, Managing Partner and CIO, Standard General, “What it takes to be an Independent Thinker…”
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