Daily Feed
Investments in diverse asset management continued to grow this year, with most of the commitments made to Black-owned managers in the private equity buyout and venture capital spaces, according to FIN Searches data.
The newly launched venture fund will allocate its returns to partner HBCUs.
Paradigm Institutional Investments launched with the goal of guiding institutions in their achievement of fiduciary excellence and attainment of financial objectives, while making positive change to diversity and inclusion in the investment industry.
The recently-launched 1803 Fund will look to rebuild Black Portland.
The system will introduce a target to asset allocation leverage as part of a new long-term asset allocation policy for its defined benefit plans and hired a record keeper on behalf of its eight defined contribution plans yesterday.
Firm has added Asa Flynn and Steven Reed as v.p.s to its newly launched real estate equity investment group.
CIO Jonathan Grabel recently rehired the trust’s public markets passive manager and the pension plan made a $270 million private equity commitment this week.
The deferred compensation plan hired two domestic equity managers to replace existing mandates with the same firm yesterday.
The firm’s contract was set to expire later this year.
The incumbent manager was replaced due to founder retirement, falling assets and client departures.