A teachers pension fund made $40 million in private equity commitments to minority-, women- and disabled-owned firms last month.
A Texas foundation has hired a new cio to lead its investment team.
A Western health system has hired a cio from a New England pension plan.
A California pension plan hired a new executive director.
Marquette has added an investment consultant previously on an endowment investment staff.
The City of Phoenix Employees Retirement System has named a permanent retirement plan administrator.
Across the investment industry, investment professionals and organizations are speaking out about inclusivity and racism in the country and the asset management industry following the killing of George Floyd. Floyd, who is black, was killed by a white police officer on May 25, sparking protests across the country.
As expected, the first quarter of 2020 was full of largely red numbers, particularly in public equity where only two firms posted positive numbers and just 22 firms in the domestic large-cap and small-cap space outperformed their respective benchmarks, according to the latest EMM quarterly performance rankings.
An endowment is looking to invest one-quarter of its assets in diverse managers.
