Black-Owned Hedge Fund Helping Underserved Access a Slice of the Pie

February 26, 2020 James Heinsman Hedge Fund News

BLK Capital Management was founded in 2017 under the motto: “A limited partnership of investors that uses high-risk methods, such as investing with borrowed money, in hopes of realizing large capital gains.”

The 100% black-owned investment vehicle is a hedge fund started by three black students from Princeton and Harvard Universities. It is unique in that it has non-profit status, and its main goal is not just to make money, but to also help change the culture of the financial services industry.

The three founders, who were participants in finance organizations on their own campuses, each noticed the same thing was missing from their organizations: blacks. This lack of representation of blacks inspired them to begin educating their fellow black students about investing. Their aim was to get African American students to participate more widely in investment management, a place where the absence of color is stark. The hedge fund allows students to get “up close and personal” valuable hands-on experience actually managing a pooled block of money which is invested in a variety of global enterprises.

The CEO, Angel Onuoha is leading the group towards its 2020 national conference scheduled for February 28-29 in New York City. The conference is expecting over 80 participants, students from all over the United States. There will be workshops, networking seminars, speakers, and panels. The last day will end with a stock pitch competition, and the winners will be announced at the conference’s pre-closing ceremony.

Sponsors of the event include: Bank of America, Morgan Stanley, Fidelity, Point72, JP Morgan, Chase, Goldman Sachs, Vanguard, and Blackstone.

Angel Onuoha, BLK Capital Management,

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