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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.


First-Ever Study of AAPI Representation Among VC Investors Finds Persistent Underrepresentation

Despite a perception of inclusion, new data from DECODE, UC Berkeley’s SCET, and AAAIM show that AAPIs face an imbalanced reality.

In the fields of investments and venture capital, the narrative often revolves around a world full of innovation and opportunity. However, beneath the surface lies a glaring reality that challenges these notions of potential. In a first-of-its-kind study, research from DECODE, UC Berkeley’s Sutardja Center for Entrepreneurship & Technology (SCET), and AAAIM now sheds light on a concerning issue: the significant lack of representation of Asian American and Pacific Islander (AAPI) in funding opportunities and career advancement within the VC investment community.

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.

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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.

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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.

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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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AAAIM & Bella Study Finds AAPI Underrepresentation in Investment Business

Asian-Americans Manage Less than 1% of Capital in the Asset Management Industry Despite Solid Performance, Study Finds


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News & Research

New AAAIM Study: AAPI-owned Funds Significantly Underrepresented in US AUM Despite Outperformance

New data from the Association of Asian American Investment Managers exposes continued low rates of fund ownership, investment allocations and AUM New York, NY, October 16, 2023 -- The Association of Asian American Investment Managers (AAAIM) today released a study of...

New AAAIM Study: AAPIs see 50% career attrition from entry level to senior level positions in asset management

New data from the Association of Asian American Investment Managers reveals AAPI career attrition at senior levels New York, NY, May 9, 2023 -- A new study released by the Association of Asian American Investment Managers (AAAIM) analyzes AAPI career attrition and...

Execs Spotlight South Asian Underrepresentation

Scarcity persists in the top echelons of U.S. asset management industry As asset management firms seek to increase diversity and expand inclusion among their workforces, some would like to see more efforts made to address underrepresentation of South Asians in...

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