Emerging/Diverse Managers
The retirement system is conducting the search to “assess the feasibility” of establishing a private markets emerging manager program.
West Coast plan surveyed its portfolio managers and found managers are broadly aligned on foundational policies on DEI.
The retirement fund also disclosed commitments totaling roughly $1.2 billion in July and August.
The plan recently approved allocations to two firms in its public global equity emerging managers search.
Jim Casselberry reflects on the first year since he took over as chief investment officer of the roughly $1 billion Health Forward Foundation.
The plan also approved $320 million in alternatives investments at this week’s meetings.
A survey found fewer community foundations are hiring or considering hiring diverse-owned managers, among other findings.
The retirement system is conducting the search for pacing purposes.
Two foundations are working toward making their portfolios more diverse through the networks of diverse talent percolating in the asset management industry as well as data showing diverse investment talent outperforms.
The state pension is canvassing the universe for buyout and growth managers raising less than $1 billion in a Fund I, II or III for in-person interviews to be held at the end of July.
