News
News from the Emerging Manager space.
What started out as two endowments tracking women and minority investment managers in an Excel spreadsheet has transformed into a consortium of more than 600 asset owners coming together and partnering with a fintech platform to increase investments with hundreds of diverse managers.
The Smithsonian Institution is in the process of gathering diversity statistics from its external investment managers within its $2.3 billion endowment and will publicly release the data in the future.
The $20.8 billion Los Angeles City Employees’ Retirement System named Barbara Sandoval as its emerging manager investment officer, according to audio of the plan’s March 14 board meeting.
Senior V.P. Tony Lee has departed emerging manager-of-managers Bivium Capital Partners.
Marisa Grant has been named cio of fixed-income manager Pugh Capital Management, the firm announced.
Cambridge Associates met its goal of doubling the percentage of its investments with diverse managers to 10% from 5% by the end of 2025 and has established a new target to increase assets held by diverse managers to 15% by 2025.
Dynamo Software hosted a “Three Essential Insights For Emerging Managers” webinar as part of its alternative investments webinar series on Feb. 15.
Sylvester McClearn has been named the interim director of the emerging manager program for the New York State Common Retirement Fund, the plan announced as EMM went to press last month.
The Investment Diversity Exchange will host a regional event in Austin, Texas on May 11.
The first webinar in a new series focusing on diversity in asset management led by the Diverse Asset Managers Initiative and Emerging Manager Monthly was held on Feb. 15.
