• December 12, 2019
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    Features

    Attucks Asset Mgmt. Acquires Capital Prospects

    December 4, 2019

    Attucks Asset Management’s acquisition of Capital Prospects goes well beyond a transaction that creates a combined manager-of-managers firm with more than $3 billion in assets—it is a melding of like-minded cultures, Attucks CEO Les Bond and Capital Prospects Principal Marilyn Freeman told EMM, in an exclusive interview.


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    Features

    Clients, Managers Positive On Deal

    December 4, 2019

    Industry response to the Attucks Asset Management and Capital Prospects deal has been overwhelmingly positive.


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    Features

    Cybersecurity: Safeguarding Your Assets

    December 4, 2019

    Recent cyberattacks on several institutions have made the issue of cybersecurity more real for institutional allocators and investment managers.
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    NJ Joint Committee Assesses Diversity Initiatives

    December 4, 2019

    Despite recent efforts to create opportunities for women-, minority- and veteran-owned businesses, New Jersey remains “the most racist state in the country,” State Sen. Ronald Rice (D-Essex) said, at the New Jersey Joint Committee on Economic Justice and Equal Employment Opportunity’s Nov. 12 hearing.


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    Princeton Asked For Details On Diverse Mgr. Engagement

    December 4, 2019

    New Jersey congresswoman has asked Princeton University and its investment management arm, Princeton University Investment Company, for further details on the women- and minority-owned investment management space and its efforts to include diverse managers within its approximately $26 billion endowment.


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    Simons Says

    Advertising Rule and the Cash Solicitation Rule

    December 4, 2019

    The SEC proposed major changes to the Advertising Rule and the Cash Solicitation Rule on Nov. 4. I would recommend at least glancing through the 505-page release, which includes much more detail.


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    Expert Advice

    SEC Proxy Voting Guidance

    December 4, 2019

    After years of research, OCIE exam findings and roundtable discussions, the SEC has issued guidance on proxy voting in the form of a Question and Response (Q&R). You can find the Q&R guidance here.


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    Marketing

    Rondure’s Views Resonating With Institutional Investors

    December 4, 2019

    Rondure Global Advisors has been making the rounds for its emerging markets and international equity strategies to steady success.


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    Searches

    Wells Fargo Making Dedicated Push For Diversity Within Platform

    December 4, 2019

    Wells Fargo is making a dedicated push for diversity within its platform of investment managers by targeting the addition of eight new diverse-owned firms in 2020.


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    Industry News

    Washington SIB Names New CIO

    December 4, 2019

    The $134.7 billion Washington State Investment Board has named Allyson Tucker as its new cio, effective Jan. 1, the plan announced.


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    Industry News

    Verus Adds Senior Consultant

    December 4, 2019

    John Teramana joined Verus as a senior consultant on Dec. 3, Director of Marketing Margie Lane said, in an e-mail.


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    EMM News Alert


    EMM News Alert

    New York Common Loses Emerging Manager Director

    October 9, 2019

    Sheryl Mejia resigned as director of emerging managers for the $210.2 billion New York State Common Retirement Fund yesterday, she confirmed.
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    Features

    NEPC Adopts Diverse Investment Manager Policy

    October 2, 2019

    Investment consulting firm NEPC has adopted a new diverse investment manager policy that aims to bring a data-driven approach to its engagement with women- and minority-owned managers.
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    Features

    AndCo Consulting Maintains Client Focus Through Growth

    October 2, 2019

    A lot has changed for AndCo Consulting over the past 10 years, but its commitment to providing independent, conflict-free investment consulting to institutional investors has never wavered, according to President and CEO Mike Welker.
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    Commonfund Launches Dedicated MWBE Manager Portal

    October 2, 2019

    Commonfund has launched an online portal specifically to receive due diligence materials from women and minority managers investing in equities, fixed-income and credit, real estate and hedge funds.
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    Mercer Emphasizes Diversity In Manager Evaluations

    October 2, 2019

    Mercer has published its first paper looking at how diversity impacts investment strategy.


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    Nonprofits Must Eliminate Biases In Governance & Investment Processes To Help Emerging Managers: COF Panel

    October 2, 2019

    Foundations and endowments need to eliminate biases in their governance and investment processes to unlock more opportunities for women and minority investment managers, according to panelists in the Closing The Gap Between Intention and Action: Identifying the Barriers in Investment Manager Diversity session at the Council on Foundations’ 2019 Endowments and Finance Summit, held Sept. 19-20 in Washington D.C.


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    Marketing

    Dundas Global Investors Delivering Consistency In Strategy, Message

    October 2, 2019

    Making the trek across the pond to the U.S. has proven to be an enlightening experience for Dundas Global Investors.
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    Alternatives

    PE Placement Firm Launched With Focus On Emerging Mgrs.

    October 2, 2019

    A private equity placement firm with a focus on emerging managers launched last month.


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    Searches

    Alameda County Expands Emerging Manager Exposure

    October 2, 2019

    The $8.4 billion Alameda County (Calif.) Employees’ Retirement Association has increased its targeted emerging manager exposure to up to 5% of total plan assets and expanded access into alternatives strategies, Spokeswoman Agnes Ducanes confirmed, in an e-mail.


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    Texas Permanent To Develop Outline Of Potential Program

    October 2, 2019

    The Texas Permanent School Fund’s committee on school finance directed investment staff and general investment consultant NEPC to develop an outline for a potential emerging manager program at its Sept. 12 meeting, according to a webcast.
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    Searches

    BCI Seeks Bias Training

    October 2, 2019

    British Columbia Investment Management Corporation (BCI) has issued an RFP seeking a firm to deliver unconscious bias training for approximately 500 employees to help support the organization’s diversity and inclusion strategy.


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    Industry News

    DC Retirement Board Loses CIO

    October 2, 2019

    Jeffrey Barnette has resigned as cio of the $8.5 billion District of Columbia Retirement Board.
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    Simons Says

    Simons Says

    September 4, 2019

    On Aug. 21, the SEC released, “Commission Guidance Regarding Proxy Voting Responsibilities of Investment Advisers.” This is the first time, in my memory, that the SEC has provided this much clarification on this issue.
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