African American Owned Mutual Fund Companies

[mystkev]

Does anyone know of any African American owned mutual fund companies?

I know of one, Ariel Mutual Funds (http://www.arielmutualfunds.com) and I wanted to find out if there were any more.

[CD]

There are very few Black money managers.

White folks don't let just anybody run their money. The white folks that do run money are some of the most well educated folks in America, basically 98% Ivy league, and only a small few of them get the chance since there is so much competition for the position.

[mystkev]

I figured that would be the case. I was suprised that there was even one mutual fund company owned by blacks. It made me wonder if they made any money. Ariel Mutual Funds is pretty good.