Conference Coverage
There are certain attributes and characteristics that are common to successful asset management firms, according to a panel of emerging managers-of-managers at the Office of the New York City Comptroller’s annual Diverse & Emerging Managers Conference held on Feb. 12.
The emerging and diverse manager space has evolved over the years as witnessed by pioneers of the industry that have seen and experienced firsthand the changes being made, who shared their thoughts at the New York State Insurance Fund’s 15th annual MWBE Investment Symposium held on Feb. 11.
Emerging and diverse managers must “nail the narrative” to consistently deliver communications to existing and potential clients, experts from public relations firm Prosek Partners told attendees of the New York City Retirement Systems’ Annual Diverse & Emerging Managers Conference.
Institutional investors pushed back on anti-DEI directives labeling programs aimed at expanding opportunities for women and minorities as discriminatory, pointing to the investment success emerging and diverse manager programs have provided to funds across the country during multiple events held during the inaugural Emerging Managers Week in New York City last month.
Including stories from Thoma Bravo Co-Founder Orlando Bravo and José E. Feliciano, co-founder of one of the most successful Hispanic-owned private equity firms, Clearlake Capital.
The New America Alliance is aiming to boost the assets managed by Latino-owned investment management firms to 4% by 2040.
The private markets is a numbers game in more ways than one and, for many institutions, funds-of-funds can provide the resources necessary to research and diligence funds, construct portfolios and monitor performance and relationships, according to panelists in the “Fund-of-Funds: Amplifying Diversification in Investment Portfolios” panel.
Asset managers and investment consultants are helping increase diverse talent and retention within their respective organizations after seeing interest from students who do not know much about the industry.
The legislative agenda against diversity, equity and inclusion as well as anti-DEI sentiments are leading organizations to grapple with remaining compliant while continuing to champion diversity, according to a recent panel.
Seeking out and building partnerships with diverse managers and LPs can also benefit institutional investors looking to drive change, according to several private markets panelists.
