The Georgia Senate passed a bill Feb. 25 that would allow the state teacher retirement fund to invest in “alternative investments” that critics view as potentially too risky.
Historically black colleges and universities (HBCU), representing more than $2 billion in endowment assets, have the opportunity to raise awareness and bring change to the underrepresentation of diverse-owned investment managers in the approximately $70 trillion asset management industry, allocators and industry experts said.