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What began as an after-work social group for Black professionals in the hedge fund space to network, find mentors and identify career opportunities has since evolved into a network that aims to help shape a shifting asset management landscape that has placed greater importance on diversity, equity and inclusion.
African American-owned ReedsBay Investment Group is a commercial real estate firm investing in opportunities for which traditional capital is relatively limited.
Base10 Partners has partnered with the Student Freedom Initiative to expand the investment options available to historically Black colleges and universities, the firm announced.
Progress is being made in the diverse asset management space as the past year saw an uptick in the number of investments made with Black-owned managers, according to data compiled by FIN Searches.
Data around diversity within the investment industry is becoming increasingly available, however, specifics around Black representation are not often being broken out and figures that are available show relatively stagnant growth, according to a review of several reports issued this year.
Mid-Atlantic Plan Keeps Int’l Equity Mgr. On Watch
Retirement plans are increasingly testing the waters for new investment advisors and record keepers.
The plan took the interim tag off Terrill Sanchez’s title at today’s board meeting.
County will stick with the incumbent after receiving five proposals in response to an RFP for its 457(b) and 403(b) deferred compensation plans.
Plan added up to $1.6 billion in private equity and real estate commitments and disclosed a new private equity investment officer hire.
