Emerging/Diverse Managers
The poll of large U.S. asset owners found that 70% of white asset owners either somewhat or strongly agree that promotion of diversity comes at the expense of growth.
The recommendations address transparency, disclosure, fiduciary duty, political contributions and investigating discrimination complaints in the asset management industry.
The plan authorized the issuance of an RFP as part of a newly approved credit portfolio structure.
A health system in New England is anchoring a new fund that will seed alternative investment funds for diverse managers.
Diverse-owned manager utilizes artificial intelligence to manage portfolios.
A plan based in the West approved transitioning the management of its endowment to a single outsourced cio provider as well as new investment policy statements for its endowment and operating funds that codify its commitment to diverse managers at its investment committee meeting last week.
The firm will manage an international developed markets equity emerging manager-of-managers portfolio.
Foundations continue to be the leaders of the institutional investment space when it comes to investing with diverse- and women-owned firms as 30 of the top 55 largest foundations collectively invest more than $11 billion with diverse-owned managers, yet work remains as 14 elected not to disclose any data including diversity statistics, according to a study.
A system based in the West is expected to receive a staff recommendation to transition the management of its endowment to a single outsourced cio provider this week.
A Florida general employees retirement system will interview two credit managers to each handle potential $20 million commitments and will also bring in a diverse-owned fixed-income manager as part of its emerging manager program buildout.