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.
An anonymous Southern endowment will search for an investment consultant in the coming weeks while another South-based endowment is in the midst of a search for outsourced cio services.
A university in New England is searching for an investment analyst to assist with portfolio analyses, investment manager due diligence and manager monitoring efforts.