News from the Emerging Manager space.
The State Universities Retirement System of Illinois will host its second annual diverse manager week initiative beginning on Aug. 3.
There are currently 25 women and/or minority executives at the top 100 U.S. defined benefit pension plans, versus 38 at the top 100 U.S. nonprofits, up from 23 and 36, respectively, in 2019, according to data compiled by Emerging Manager Monthly. Progress, however small, is still progress, but there is value in digging deeper into the reasons why incremental change remains the status quo as well as the ways we can further bridge the gap to achieve true equity.
Lenox Park Solutions has created a “FICO Score” for asset managers that assesses diversity, equity and inclusion in the investment management industry.
The head of the women and minority manager program at a large corporation left last month.
Callan CEO and Chief Research Officer Greg Allen has joined a coalition of ceos pledging to take action to advance diversity and inclusion in the workplace.
Progress Investment Management Company has officially wound down its investment advisory activities—and on the whole clients have remained committed to emerging and diverse managers, according to information compiled by EMM.
Across the investment industry, investment professionals and organizations are speaking out about inclusivity and racism in the country and the asset management industry following the killing of George Floyd. Floyd, who is black, was killed by a white police officer on May 25, sparking protests across the country.
As expected, the first quarter of 2020 was full of largely red numbers, particularly in public equity where only two firms posted positive numbers and just 22 firms in the domestic large-cap and small-cap space outperformed their respective benchmarks, according to the latest EMM quarterly performance rankings.
The National Action Network (NAN) recently sent a letter to five leading higher education institutions asking them to report on the diversity of their collective $117 billion in endowment assets as it looks to tackle the issue of utilization of diverse-owned asset management firms.
This month we present our second annual feature looking at minority and women cios among the largest public pension plans and nonprofits.