EMM News Alert
The $85.4 billion New Jersey Division of Investments has hired a new private equity director.
The plan had more than $430 million in the program at the end of 2022.
The retirement system has increased its emerging manager program target by $250 million.
The plan has hired three managers-of-managers to handle a proposed $1 billion across fixed-income, international developed markets and emerging markets equity.
Reps. Emanuel Cleaver (D-Mo.) and Joe Kennedy III (D-Mass.) have released the findings of their inquiry into the use of diverse asset managers by 25 endowments.
A panel of experts on diverse asset managers called on the agency to require data on diversity to be disclosed in order to further efforts on increasing inclusion in the institutional marketplace.
An emerging manager-of-managers firm is closing, multiple sources told EMM.
This month, we have our annual feature on military veterans in the asset management industry.