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.
South Texas Money Management Sold To CAPTRUST
September 4, 2019
South Texas Money Management has been acquired by CAPTRUST Financial Advisors, the firm announced.
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.
Full Story
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.
Full Story
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.
Full Story
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.
Full Story
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.
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.
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.
Full Story
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.
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.
