Emerging/Diverse Managers

People Moves
Investment Manager Hires MD To Lead DEI Investment Strategies

The firm has hired a managing director to oversee its DEI investment portfolio and HBCU investment strategy.

Emerging/Diverse Managers
NYC To Expand Emerging Manager Programs

Expansions will help the systems reach their goal of having 15% of U.S.-based actively managed investment assets with diverse-owned firms by 2025 and 20% by 2029.

Investment Consultant Enhances Due Diligence Questionnaire

The firm has revised its due diligence questions around sustainability and diversity, equity and inclusion.

Midwest Pension Wraps Up Diverse Bond Mgr. Search

The plan hired two diverse-owned bond managers to complete a search launched earlier this year.

Emerging/Diverse Managers
Consultants Should Look Beyond Firm Ownership In DEI Efforts: NEPC

The consultant believes adding diverse-owned firms is not the only way nonprofits can achieve their DEI-related investment goals, and their consultants should assist them to evaluate several different approaches.

Emerging/Diverse Managers
Duke Endowment Diversity Remains Static

About 42% of the university’s asset managers are di­verse-owned as of June 30, a slight downtick from the 44% reported in 2021, but up from the 40% reported in 2020.

Commonfund Makes Significant Progress In Portfolios’ Diverse Manager Hires: Report

Since beginning its diversity, equity and inclusion efforts in earnest nearly a decade ago, one investment advisor has made significant progress in having increased diverse manager hires in client portfolios to 45 firms from 10, while also having improved diversity representation in its workforce.

Artificial Intelligence Advancement Presents Opportunities For Emerging Managers: Xponance

Artificial intelligence could be a boon for emerging or diverse-owned investment managers, though the trend carries some risks, according to the firm.

Emerging/Diverse Managers
Midwest Pension Shakes Up Emerging Manager Program

The pension plan shifted its emerging manager program to a U.S. small-cap equity mandate to increase its chances of achieving excess returns.

Emerging/Diverse Managers
Midwest Foundation Commits To FoF Targeting Diverse Managers

The foundation made an undisclosed commitment to a fund-of-funds targeting diverse-owned venture and growth equity managers.