The push and pull between direct emerging manager programs versus the utilization of emerging managers-of-managers has been consistent through the years, with an overall lack of movement on both ends.
The investment management industry is reevaluating how it defines and monitors diversity as conversations on the subject continue to gain momentum.
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.
This month, we have our annual look at the pipeline for diversity in the asset management space.