The risks commonly implied with investing in emerging and women- and minority-owned managers are actually being taken by the investors that do not have an inclusionary manager research process, presenters at a recent diverse manager breakfast session said.
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Thomas White International has become a minority- and women-owned manager following an employee buyout of President and CIO Thomas White last month.

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The $55.6 billion Los Angeles County (Calif.) Employees Retirement Association may discuss an emerging manager allocation within its hedge fund portfolio, Staff Counsel John Harrington said, in an e-mail.

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The winding down of EACM Advisors will not impact the firm’s long-only multi-manager domestic small-cap equity strategies populated with emerging managers, according to parent company BNY Mellon Investment Management.

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Lorenzo Newsome, previously chief investment strategist and fixed-income portfolio manager at Piedmont Investment Advisors, joined Smith, Graham & Co. Investment Advisors as managing director and cio for fixed-income on Sept. 4.
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The “power of brand” is a “powerful and compelling” tool minority- and woman-owned investment managers should be using to differentiate themselves amongst the vast manager population, according to Robert Greene, president and ceo of the National Association of Investment Companies and a panelist during the Investment Manager Diversity; Where Are We Now & Why? session.

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Commissioner Robert J. Jackson, Jr., speaking at George Mason University on Sept. 19, expressed concerns about the U.S. stock markets, in “Unfair Exchange: The State of America’s Stock Markets.”
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Goodhart Partners is preparing to launch Volunteer Park Capital, a new platform that will make strategic minority investments in private capital investment management firms.

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Azarias Capital Management’s focus on uncovering value in turnaround opportunities in the domestic small-cap equity space has led to some eye-catching returns as the firm’s long-only strategy approaches its three-year track record.

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Stance Capital has a different take on ESG investing than most other firms offering strategies in the area.

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DF Capital Management is looking to get in at the ground floor as it brings its entry-level residential housing fund to market.

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The $4.1 billion Municipal Employees’ Annuity and Benefit Fund of Chicago hired Attucks Asset Management as its new emerging manager-of-managers, Investment Manager Steve Yoon said.

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The $3.2 billion Baltimore County (Md.) Employees Retirement System will receive recommendations on new emerging manager opportunities at its Oct. 9 board meeting, Investment Administrator Robert Burros said, in an e-mail.
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The $3.2 billion San Antonio Fire & Police Pension Fund’s investment committee formalized the plan’s emerging manager program last month, according to audio from the committee’s Sept. 19 meeting.

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The $351 billion California Public Employees’ Retirement System has named Yu Ben Meng as its new cio, the plan announced.
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Jasmine Richards joined Cambridge Associates as senior investment director for manager diversity on July 2.
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Kent Custer joined the $2.1 billion Dallas Police & Fire Pension System as its new cio on July 2, he confirmed.
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