Features/Profiles
Historically Black colleges and universities, typically limited by the size of their assets, are looking to gain further access to alternative assets as they seek to grow their endowments to further their mission as well as capture outsized returns that have swelled higher education institutions’ portfolios.
Plan Sponsors Establishing Purpose Behind Programs; Measurement Must Move Beyond Activity
Calls for diversity measurement in the asset management space are increasing, with investors, politicians and regulators leading the push for further transparency – with varying results.
The push and pull between direct emerging manager programs versus the utilization of emerging managers-of-managers has been consistent through the years, with an overall lack of movement on both ends.
The investment management industry is reevaluating how it defines and monitors diversity as conversations on the subject continue to gain momentum.
The focus on diversity within the institutional asset management industry has left non-diverse managers within the emerging manager space in a precarious position.
The hedge fund space is either seemingly ready for its return to prominence within institutional portfolios or continues to be nudged aside as investors focus on illiquid assets – it just depends on what day you ask.
Early-stage venture capital firm 550 Capital Partners has launched to invest in startup companies led by military veterans.
While the concept of supporting veterans is nothing new, its pervasiveness within the institutional investment space and the recognition of veteran-owned firms within the emerging manager community remains to be seen.
Adjustments to how diverse ownership was defined altered the John S. and James L. Knight Foundation’s Diversity of Asset Managers Research Series: Philanthropy study when compared to the previous 2020 study, however, the ultimate end result was a roughly 1% increase in investments with diverse firms.
