Features/Profiles
Our annual feature looking at the veteran-owned investment manager space.
There are currently 25 women and/or minority executives at the top 100 U.S. defined benefit pension plans, versus 38 at the top 100 U.S. nonprofits, up from 23 and 36, respectively, in 2019, according to data compiled by Emerging Manager Monthly.
From taking part in an SEO program that led to his first job on Wall Street to finding traction for his fledgling private equity firm through emerging manager programs, “when I think about the success I have had in my career, there is an element of ‘a little bit of help’,” Siris Co-Founder Frank Baker says.
This feature initially ran in EMM sister publication Nonprofit News on May 21.
The equity markets—both public and private—have garnered the majority of the investment world’s headlines through the ongoing COVID-19 pandemic, leaving fixed-income managers to serve as a key relief valve for investors seeking liquidity.
The COVID-19 virus has resulted in the complete upheaval of day-to-day life in the U.S. and forced businesses across the country to shift to running with an entirely virtual workforce. In the asset management space, that shift has coincided with a dramatic downturn in the markets that saw March post the worst returns for stocks since 2008.
CalPERS, Progress Decisions Create Questions Heading Into 2020
