Emerging/Diverse Managers
Artificial intelligence could be a boon for emerging or diverse-owned investment managers, though the trend carries some risks, according to the firm.
The pension plan shifted its emerging manager program to a U.S. small-cap equity mandate to increase its chances of achieving excess returns.
The foundation made an undisclosed commitment to a fund-of-funds targeting diverse-owned venture and growth equity managers.
The foundation has added four investments with new diverse managers within its portfolio after adopting an investment strategy with a racial equity lens in the first quarter.
The institution’s diverse-owned investment figures are up in 2022, funding six new investment partners that were owned by women and people of color.
The search follows the addition of a maiden 3%, or $350 million, target to the asset class in March.
The Lone Star State retirement fund terminated one equity manager and placed another two on watch this week.
The institution’s Diversity, Equity and Inclusion Report showed that it has nearly 40% of its domestic assets under management invested with minority- and women-owned investment managers.
The university has added five new U.S.-based managers recently, a report found.
The trust split its domestic large-cap value equity allocation with an additional manager hire last quarter.