News
News from the Emerging Manager space.
The $248.5 billion New York State Common Retirement Fund’s minority- and women-owned asset exposure increased by 2% year-over-year for the period ending March 31, according to its annual MWBE Strategy Report.
The approximately $25 billion Massachusetts Institute of Technology Investment Management Company has been named as having the “Best Emerging Manager Program” based on a survey of global fintech platform Clade’s institutional clients.
GCM Grosvenor and TPG NEXT have created guides for emerging managers in partnership with the California Public Employees’ Retirement System.
As anti-ESG and anti-DEI sentiment grows in the U.S., investors hold onto their convictions making investments in the space and committing to diverse managers, according to panelists at the National Association of Securities Professionals’ annual financial services conference held in Philadelphia on July 24-26.
A Conversation With Old City Investment Partners Head Of Investments Jason Plawner
While most nonprofit boards are likely aware of the importance that diversity and inclusion can bring to their organizations and governance structure, many still lack diversity and have difficulty finding diverse members, according to CAPTRUST Financial Advisors.
Prime Buchholz has grown its roster of diverse managers that it recommends to institutional clients.
The inclusion rate of diverse-owned firms in searches increased to 67% of all searches in 2022 after being stable at approximately half of all searches from 2018 to 2021, according to investment consultant Wilshire.
Ramirez Asset Management, a stalwart in the fixed-income investment space, is breaking into equities with the acquisition of Chicago-based value equity manager Thomas White International.
