Efforts to promote diversity, equity and inclusion (DEI) in the hedge fund industry have progressed in fits and starts. To gauge that progress, the Black Hedge Fund Professionals Network (Network) surveyed diverse industry professionals. Although the death of George Floyd in 2020 prompted a flurry of DEI efforts in the hedge fund industry and the broader financial services sector, those efforts have failed to bring about significant change. There has been “a disparity between intention and tangible results,” the Network found. This article discusses the Network’s survey report, with additional insights from Andra Ofosu, founder of the Network and director at Aspect Capital; and survey leader Adebola Osakwe, member of the Network’s board and founder of Osakwe Consulting. See “Advancing Diversity, Equity and Inclusion in the Alternative Investment Industry” (Jul. 18, 2024).