• September 21, 2019
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    Features

    More Than A Pipeline Problem: Study Finds Racial Bias In Allocators

    September 4, 2019

    A recent study revealed that investors rate white-led funds more favorably than black-led funds at stronger performance levels, affirming systemic racial disparities in the allocation of money and shifting the focus to the asset allocators themselves for solutions.


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    South Texas Money Management Sold To CAPTRUST

    September 4, 2019

    South Texas Money Management has been acquired by CAPTRUST Financial Advisors, the firm announced.


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    Searches

    LA Fire & Police Issues Small-Cap RFP

    September 4, 2019

    The $22.4 billion Los Angeles Fire & Police Pension System has issued its RFP for domestic small-cap equity emerging managers.
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    Assette Brings Automation To Sales & Client Communications

    September 4, 2019

    Software company Assette is looking to ease the burden of sales and client communications for asset managers. The firm provides a unified software system that automates the construction of pitchbooks, fact sheets, client reports and databases and questionnaires that are becoming increasingly customized and frequent, CEO Thusith Mahanama said.
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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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    Expert Advice

    Risk Alert: Employee Supervision & Employing Personnel with Disciplinary Events

    September 4, 2019

    As part of the SEC’s focus on protecting retail investors, in 2017, they examined over 50 RIAs to assess the supervisory practices of advisers who (at the time) currently or previously employed personnel with a history of disciplinary events (the “Supervision Initiative”). Nearly all of the advisers examined received deficiency letters.
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    Launches

    Dividend Growth Firm Launched By Former Santa Barbara Execs.

    September 4, 2019

    A new asset management firm has been launched by the former president of Nuveen affiliate Santa Barbara Asset Management.


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    Marketing

    Firm Looks To Share In Value Entrepreneurs Bring To Companies

    September 4, 2019

    Joel Shulman knows a few things about entrepreneurs. As a tenured professor of Entrepreneurship at Babson College, the top undergraduate school for entrepreneurship for 22 consecutive years, according to U.S. News & World Report, he has helped shape the minds of students while also writing and contributing to numerous academic papers on entrepreneurship in the public markets.


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    Searches

    Connecticut Eyes Int’l Equity Portfolio Restructuring

    September 4, 2019

    The $32.6 billion State of Connecticut Retirement Plans & Trust Funds is considering a new developed markets equity portfolio structure that would result in eliminating emerging manager-of-managers Progress Investment Management Company.

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    Industry News

    AndCo Adds Former Callan Consultant

    September 4, 2019

    Gwelda Swilley has joined investment consulting firm AndCo Consulting as a senior consultant, the firm announced.


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    Industry News

    N.Y. Foundation Hires Managing Director

    September 4, 2019

    Wendy Li joined the Mother Cabrini Health Foundation as managing director of investments in March, a spokeswoman confirmed, in an e-mail.


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