Russell Mason, founder of the Investment Management Institute, died on Dec. 20 after a lengthy battle with pancreatic cancer, the organization announced.
Multi-boutique manager platform Spouting Rock Asset Management has acquired Stewart Asset Management, a spokeswoman confirmed, in an e-mail.
The U.S. Senate Committee on Banking, Housing, and Urban Affairs’ Subcommittee on Securities, Insurance and Investment met on Dec. 13 to hold a hearing on “Examining How Capital Markets Serve Diverse Entrepreneurs and Investors.”
The $11.5 billion Public School Teachers’ Pension & Retirement Fund of Chicago invested $5.5 billion, or 48% of total fund assets, with minority-, women- and disadvantaged-owned business enterprise firms in fiscal year 2022.
Women-led or co-led portfolio management teams have outperformed their male peers in the global large-cap equity space year-to-date, according to a recent report from data analytics firm Investment Metrics.
The road to success often comes with challenges that emerging managers must overcome in their pursuit of gathering assets and recognition, according to panelists at the New York City Bureau of Asset Management’s annual Diverse and Emerging Managers Investment Conference held on Nov. 1.
Investment consultant Meketa Investment Group met virtually with more than 70 emerging and diverse investment managers across public and private markets at its latest dedicated research day on Oct. 26.
In an environment where websites are the primary drivers of engagement with investment advisors, smaller asset managers are struggling to differentiate themselves, according to a recent study from consumer research firm J.D. Power.
Investment consultant Wilshire has taken a focused approach to its diverse manager research, resulting in spending more hours with a smaller number of managers.
Xponance has hired Michael A.B. Orr as managing director and cio of its alternatives subsidiary Xponance Alts Solutions, the firm announced.
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