Few minorities, women win asset management contracts

      Minority-owned and women-owned asset management firms face challenges in winning federal agency asset management contracts, according to a new report from the Government Accountability Office.

      Use of minority-owned and women-owned firms varied among the federal entities reviewed.

      For example, the Pension Benefit Guaranty Corporation did not use minority- or women-owned asset managers. On the other hand, the Federal Reserve System, National Railroad Retirement Investment Trust and Smithsonian Institution used such firms to a greater degree than the firms’ proportion in the marketplace.

      The GAO found that that private firms were using more strategies to attract minority- and women-owned asset managers.

      The GAO recommended that the Army, Navy, Air Force and the Federal Retirement Thrift Investment Board adopt such practices to increase their use of minority-owned and women-owned firms.

More information: GAO report: GAO report http://www.gao.gov/products/GAO-17-726

GAO: OSDBUs non-compliant

Loosening rules for disaster work

Few minorities, women win asset management contracts

Beta version of SAM.gov

A closer look at Sects. 851-854

Column: DCAA’s Pursuit of Penalties for Unallowable Costs

Washington Insider:

Correction to Sept. 22 issue