RockCreek Group recently announced that it has surpassed $900 million invested in Black-owned and managed firms after investing $300 million in Black-owned and managed firms, companies and funds in 2020.
The Securities and Exchange Commission will consider ways to increase diversity and inclusion within the asset management space after recommendations were approved at a July 7 advisory committee meeting.
The $54 billion Illinois Municipal Retirement Fund has named Angela Miller-May as its new cio effective Aug. 16, the plan announced.
Interest in diverse managers remains high, however, actual investments with those firms have declined, according to investment consultant Wilshire’s report outlining the 2020 results of its Diverse Owned Manager Initiative.
Investment consulting firm Crewcial Partners has invested $4.2 billion with diverse asset managers – with 94% of the firm’s clients allocating to at least one diverse firm, according to a soon-to-be released report.
Warren Financial wants to give institutional investors an option.
There is material evidence of a change in how the alternative investment management industry approaches hiring, and a new report finds that managers need to make progress in hiring individuals from diverse backgrounds and make provisions for doing so.
Investment consulting firm Callan has enhanced its commitment to diversity within its research and search processes.
A new bill has been introduced that would require the District of Columbia Retirement Board to hire diverse investment consultants and asset managers to help handle the city’s $10.3 billion pension fund.
Operating with a name that best represents the work that they do, commercial real estate financial services advisory group DOT Capital Advisors recently rebranded while many quarantined in 2020.
