A new impact-driven investment platform has launched with the help of $100 million in financing from Morgan Stanley.
Hedge fund manager Phase 2 Partners has launched with nearly $150 million in commitments from multiple investors, including a strategic partnership with the Employees Retirement System of Texas and PAAMCO Launchpad, a subsidiary of PAAMCO Prisma, the firm announced on Jan. 21.
Teams at the largest investment consultant firms continue to lack racial or gender diversity, according to a recent survey.
Investment management firms owned by Asian American and Pacific Islanders manage less than 1% of U.S. assets, according to a new study from the Association of Asian American Investment Managers and Bella Private Markets.
Pacific Current Group is selling its equity stake in Seizert Capital Partners to the firm’s management team.
California’s Proposition 16 called for an end to the state’s ban on affirmative action and was rejected by voters in the Nov. 3 election. Its failure means no impactful changes on the horizon for state emerging manager programs as well as the broader financial services industry.
The Securities and Exchange Commission should consider transparency as the first step to improving diversity and inclusion in the asset management space, a panel of experts said during a Dec. 1 committee meeting.
Emerging Manager Monthly has launched a new directory of diverse asset managers.
The investment consulting firm has hired a senior investment director for sustainable and impact investing research from a public pension fund.
Two foundations have partnered with Lenox Park Solutions to survey and assess the racial and gender diversity makeup of the U.S. asset management firms that invest their combined $10.8 billion in investments
We kick off the year with our annual Emerging Manager Program special report.