News
News from the Emerging Manager space.
Jason Howard, co-head of the private equity diverse manager effort at GCM Grosvenor, has left the firm.
Social justice funds addressing diversity, equity and inclusion are gaining traction with a growing base of institutional investors, leading asset managers to develop and offer solutions that invest in companies and communities that support people of diverse backgrounds.
Investment managers have notably increased the diverse representation of their workforces, particularly with Black members of the C-suite, according to the results of Segal Marco Advisors’ 2022 Survey of Investment Managers on Internal ESG Policies.
Meketa Investment Group will hold its next virtual emerging and diverse manager research day for public and private markets in April, the firm announced.
The $3.6 billion Dallas Employees’ Retirement Fund will resume in-person open house seminars for Next Generation Managers this year following their postponement due to the COVID-19 pandemic.
Floyd Tyler, founder, president and cio of Preserver Partners, died on Jan. 23.
U.S. colleges and universities’ adherence to ESG principles is growing as institutions have increased their commitment to ESG in their investment policies and portfolios, while others are considering incorporating policies, according to the 2022 NACUBO-TIAA Study of Endowments.
Ariel Alternatives has closed its first private equity initiative with $1.45 billion in commitments, the firm announced.
Black-owned asset manager Blueprint Capital Advisors will get a court date in a longstanding federal lawsuit filed against the New Jersey Division of Investment and others.
The $88.6 billion Massachusetts Pension Reserves Investment Management Board allocated more than $2.8 billion to diverse managers in 2022, according to its 2022 Future Initiative Annual Report.
