News

News from the Emerging Manager space.

News
Stanford Declines To Provide Details On Diverse Manager Initiative

Stanford Management Company, the investment management arm of Stanford University, has declined to disclose the results of its Diverse Manager Initiative launched in the first quarter of 2022 to invest in diverse-led investment managers.

12.07.23
News
CalPERS Aims For $10B With Emerging & Diverse Firms By 2030

The $468.8 billion California Public Em­ployees’ Retirement System is aiming to have $10 billion invested with emerging and diverse managers by 2030, accord­ing to a recent presentation.

12.07.23
Consultants Should Look Beyond Ownership In DEI Efforts: NEPC
News
Consultants Should Look Beyond Ownership In DEI Efforts: NEPC

Diverse-owned managers provide an im­portant solution, but not the only one, as endowments and foundations implement investment strategies or policies that in­corporate diversity, equity or inclusion goals into their portfolio management.

12.07.23
NYC Sets Long-Term Diverse Asset Manager Targets
News
NYC Sets Long-Term Diverse Asset Manager Targets

The $253.2 billion New York City Retirement Systems will ex­pand their emerging manager programs, City Comptroller Brad Lander announced at the Bureau of Asset Management’s Nov. 16 diverse-owned and emerging manager conference.

12.07.23
News
News Briefs

This month’s news briefs include updates from the New York State Common Retirement Fund as well as GCM Grosvenor.

11.01.23
News
NASP Names New President

Miguel Thames has been named the new president and ceo of the National Association of Securities Professionals.

11.01.23
Preserver Partners CIO Excited About Partnership, Credit Markets
News
Preserver Partners CIO Excited About Partnership, Credit Markets

Q&A: Preserver Partners CIO Discusses Client Engagement, Diversity

11.01.23
Channing Affiliate Takes Minority Stake In Preserver Partners
News
Channing Affiliate Takes Minority Stake In Preserver Partners

The alliance will enable alternatives investment manager Preserver to leverage the substantial resources of Channing Al­ternatives, a newly formed affiliate of Channing Capital Man­agement.

11.01.23
News
Duke University Endowment Diversity Figures Remains Static

The diversity of the approximately $11.6 billion endowment at DUMAC, the investment management arm of Duke University, remains static year-over-year at 42.4% of the portfolio.

11.01.23
News
Commonfund Shows Progress In Clients’ Diverse Manager Hires

Since beginning its diversity, equity and inclusion efforts in earnest nearly a de­cade ago, Commonfund has made sig­nificant progress in having increased diverse manager hires in client portfoli­os to 45 firms from 10, while also having improved diversity representation in its workforce.

11.01.23