Well I'm not really advocating for choosing people based on skin color or gender per se. Rather that in a cases where there is an surplus of talent for the role

Well I'm not really advocating for choosing people based on skin color or gender per se. Rather that in a cases where there is an surplus of talent for the role we should consider making a choice based upon serving the interests of society more broadly. Sometimes this will fall along racial lines. For example, having doctors of color to serve communities of color has demonstrable positive health outcomes for society more broadly. In the case of managing portfolios, I think that there are compelling reasons from a risk management perspective to cultivate different perspectives (a room full of Bulls will get burned in a downturn). Increasing the number of people from working class backgrounds, genders with different spending priorities, or races with different community ties can potentially add a lot of important perspectives to a financial portfolio. Blind Auditions in orchestras are an interesting idea. People are actually much better and judging sound quality of violins than they are judging the quality of stock options, so it is easier to definitively state that someone is the 'best' Violinist in a group.