Since beginning its diversity, equity and inclusion efforts in earnest nearly a decade ago, Commonfund has made significant progress in having increased diverse manager hires in client portfolios to 45 firms from 10, while also having improved diversity representation in its workforce.
The Securities and Exchange Commission adopted new Investment Advisers Act rules (“Rules”) on Aug. 23 that aim to protect investors in private funds by imposing restrictions on and requiring transparency into certain adviser practices.
The Marguerite Casey Foundation has added several diverse-owned managers to its approximately $825 million portfolio since making a commitment to invest with a racial equity lens earlier this year.
The C$424 ($306.5) billion Caisse de Dépôt et Placement du Québec intends to more than double the size of its assets with Québec external managers.
The $1.1 billion City of Kansas City (Mo.) Employees Retirement System agreed to shift its emerging manager program to a U.S. small-cap equity mandate from a U.S. all-cap equity mandate.
The Robert R. McCormick Foundation has committed an undisclosed amount to a fund-of-funds strategy from Accolade Partners targeting diverse-owned venture and growth equity managers.
The $21.6 billion Los Angeles City Employees Retirement System named Wilkin Ly as deputy cio last month.
The $9 billion Illinois Police Officers’ Pension Investment Fund has hired Dean Hagan as an investment officer.
The $40 billion Nebraska State Investment Council has named Ellen Hung as its next state investment officer
Our annual feature on the diversity pipeline into the finance industry.