Angela Miller May is CIO at the Chicago Teachers’ Pension Fund, a public defined benefit fund based in Chicago, which has $11 bn in assets under management. The fund is a leader in promoting the G in ESG – i.e. in ensuring that the managers it does business with walk the talk in improving the diversity of their investment teams.
The fund has an aspirational goal of investing 20% of its assets with minority owned firms and currently it invests 46% with minority owned firms and 41% of its trades are done with minority owned brokers.
Angela is a regular figure on the asset management conference circuit and has become a leading voice in promoting diversity and inclusion in the industry. We discuss her mission-driven approach to investing, and how she entered the area, how she has built a truly diversified team at the Chicago Teachers’ Pension Fund and what she does to further diversity in the industry.