The focus on diversity within the institutional asset management industry has left non-diverse managers within the emerging manager space in a precarious position.
The Diverse Asset Managers Initiative is calling on Securities and Exchange Commission commissioners to decline meetings with investment managers that do not fill out the agency’s diversity assessment report.
Black woman-led and employee-owned investment manager Xponance has hired Lisa Hinds as managing director of client engagement and sustainability, the firm announced.
StoneRidge Investment Partners has evolved with the times.
V-Square Quantitative Management launched its first thematic exchange traded fund in December.
Sterling Capital Management and Truist Financial Corporation have launched a diverse multi-manager exchange traded fund, the firms announced.
Woman-owned investment manager Fairpointe Capital has closed.
Diverse-owned investment firms manage 1.4% of total U.S. assets under management, according to the John S. and James L. Knight Foundation, nearly identical to the figure from the organizations’ previous 2019 study.
Foundation boards are struggling to promote diversity among their members, according to a recent survey from Commonfund Institute and the Council on Foundations.
Venture capital funding in female-founded companies hit record highs this year after the COVID-19 pandemic hindered growth within the space, according to a recent report from PitchBook.
