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  • November 17, 2017
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    Call To Arms: The Uphill Battle Of Veteran-Owned Asset Managers

    November 2, 2017

    When thinking of the qualities and characteristics that military veterans can bring to various sectors of the workforce, a great deal translate directly to the asset management industry.
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    Herndon Capital Management Winding Down Operations

    November 2, 2017

    Herndon Capital Management is winding down, the firm announced.
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    Northern Trust Selects BDs

    November 2, 2017

    Northern Trust has selected eight minority-, women- and disabled veteran- owned firms for its list of equity and fixed-income broker-dealers, the firm announced.
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    NEWS BRIEFS – October

    November 2, 2017

    ► Cheryl King and Peter Capotosto have joined LM Capital Group as vice presidents of business development, a spokesman confirmed, in an e-mail.
    King and Capotosto are responsible for building new client, consultant and adviser relationships. Both are based in the firm’s San Diego headquarters and report to Head of Business Development Johnita Mizelle.

    Most recently, King was head of marketing and consultant relations at Symphony Asset Management and Capotosto was regional director and external wholesaler at SEI Investments. LM Capital has $4.9 billion in assets under management as of June 30, according to the firm’s website.

    ► The Teacher Retirement System of Texas and Employees Retirement System of Texas will hold their annual emerging manager conference on Feb. 2. The event will be held in Austin, Texas.

    Further details on the agenda for the event are not yet available, ERS Spokeswoman Mary Jane Wardlow said, in an e-mail.

    More than 1,300 managers and investors attended the 2017 event.

    ► Vince Williams, formerly co-ceo of minority-owned investment
    manager Lombardia Capital Partners, joined emerging manager-of-managers Legato Capital Management in October, CEO and CIO Victor Hymes confirmed, in an e-mail.

    Williams serves as senior v.p., product specialist and head of business development for the firm and reports to Hymes, he said.

    The position is new and he is based in the firm’s San Francisco headquarters.

    Lombardia closed in April (EMM, 5/4).

    ► Benner Ulrich joined Tocqueville Asset Management in August, bringing to the firm a domestic small- to mid-cap value equity strategy he previously managed at Breithorn Capital Management.

    The move, which brings roughly $135 million in client assets to the firm, provides Ulrich with support from an internal research department and administrative resources that he believes will be helpful in executing his investment approach, he said, adding that the firm’s contrarian ideology and value orientation is similar to his investment philosophy.

    He has been a portfolio manager on the strategy since its launch in 2009. Breithorn is in the process of winding down operations.

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    Meketa Reflects On 2nd Emerging & Diverse Mgr. Day

    November 2, 2017

    Meketa Investment Group hosted 16 managers in its Boston offices on Oct. 5 for its emerging and diverse private markets manager event, Principal Alli Wallace said.
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    Incumbent Protection, Closed Networks Key Reasons MWBE Managers Can’t Garner Opportunities: COF Panel Emerging Manager

    November 2, 2017

    A large part of the reason that women- and minority-owned asset managers are not being given an opportunity in the institutional space is related to “incumbent protection” and allocators’ reliance on previously established networks to identify managers, according to panelists speaking on the State Of Investment Diversity Forum at last month’s Council on Foundation’s Endowments & Finance Summit in New York.


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