CalPERS, Progress Decisions Create Questions Heading Into 2020
The emerging manager-of-managers space has seen a significant shakeup in the past three months with the elimination of roughly $3 billion in assets from the California Public Employees’ Retirement System, Attucks Asset Management’s acquisition of Capital Prospects and the decision by Progress Investment Management Company to close this year.
The loss of roughly $3 billion in assets dedicated to active equity emerging managers is going to sting even those managers not directly impacted by the decision.
Investment management firms considering launching non-U.S. equity strategies need to evaluate their own capabilities and resources and how they relate to an investor’s wants in the asset class, according to both asset allocators and investment managers in the space.
As more investment consultants have begun launching emerging and diverse manager research initiatives, the scrutiny surrounding their approaches and whether they’re actually ‘walking the walk’ only increases among those directly impacted by the success—or stagnation—of their efforts.
The New Jersey Joint Committee on Economic Justice and Equal Employment Opportunity held a hearing on Jan. 7.
Robert Marchman will join the Securities and Exchange Commission as a senior policy advisor on diversity and inclusion later this month, according to an announcement.
Outsourced cio provider and institutional consultant Verus will hold its second Emerging and Diverse Manager Diligence Days in March, the firm said.
RhumbLine Advisers named Denise D’Entremont to the newly created role of president in November, D’Entremont confirmed.
MayTech Global Investments launched in January 2017 with a nine-year track record on its global equity strategy—but now three years into opening their own firm, Co-Founders Nels Wangensteen and Ingrid Yin see the value in its organizational track record.
This month we have continued coverage of endowment’s releasing diversity reports.