Black History Spotlight: First Black-Owned Mutual Fund To Launch ‘Project Black’
The Randi Myles Show/Canva.com
Ariel Investments, the first black-owned mutual fund firm in the nation, announced the launch of Ariel Alternatives and the Project Black initiative.
Ariel Investments co-CEO Mellody Hobson and global investment manager Leslie A Brun, secured $200-million to invest in minority-owned businesses in an effort to close the racial wealth gap.
First Black-Owned Mutual Fund Secures $200 Million to Launch ‘Project Black’ https://t.co/gY7UMpF5Tb
— Black Enterprise (@blackenterprise) February 21, 2021
Project Black‘s goal is to invest and scale minority-owned businesses that can become “leading suppliers to Fortune 500 companies.” (Source: BlackEnterprise.com)
Randi Myles is the mid-day host on Detroit’s Praise Network. Randi’s mom knew she was destined to be in some form of entertainment when even as a small child, she would pretend a pencil was a microphone and sing and charm family and friends. Later she would sing in church and college choirs. However, it wasn’t until she attended Specs Howard School of Media Arts, that Ms. Myles would find her true voice. Randi enjoys writing about the city of Detroit, faith, and the community.
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