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More than half of asset managers still believe that hiring diverse teams comes at the cost of higherreturns, despite data showing otherwise. On this episode, host Carla Harris speaks to Heard Capitalfounder and CEO William Heard as he shares his journey to become a successful Black hedge fundmanager and how he’s paving the way for money managers like himself, with less traditional pedigrees,to achieve their goals in the financial industry.https://www.morganstanley.com/what-we-do/inclusive-innovation-and-opportunityDisclaimer textThe guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“MorganStanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley.The information and figures contained herein has been obtained from sources outside of Morgan Stanleyand Morgan Stanley makes no representations or guarantees as to the accuracy or completeness ofinformation or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for theinformation or data contained in this podcast.This podcast does not provide individually tailored investment advice and is not a solicitation of any offerto buy or sell any security or other financial instrument or to participate in any trading strategy. It has beenprepared without regard to the individual financial circumstances and objectives of persons who receive it.© 2021 Morgan Stanley & Co. LLC, Members SIPC.