News
News from the Emerging Manager space.
The $13.1 billion Public School Teachers’ Pension & Retirement Fund of Chicago invested $6.2 billion with minority, women and disadvantaged-owned business enterprise firms in fiscal year 2021, the plan announced.
Applied Research Investments Partner and CIO Mark Lin departed the firm last month, leading several emerging manager programs to evaluate their mandates with the firm.
Prime Buchholz’s DEI data and scoring system has helped it recommend more diverse managers to its institutional clients, however, furtherance remains as 31% of recommended firms were in the lowest scoring DEI cohorts.
The Diverse Asset Managers Initiative is calling on Securities and Exchange Commission commissioners to decline meetings with investment managers that do not fill out the agency’s diversity assessment report.
Black woman-led and employee-owned investment manager Xponance has hired Lisa Hinds as managing director of client engagement and sustainability, the firm announced.
V-Square Quantitative Management launched its first thematic exchange traded fund in December.
Sterling Capital Management and Truist Financial Corporation have launched a diverse multi-manager exchange traded fund, the firms announced.
Woman-owned investment manager Fairpointe Capital has closed.
Diverse-owned investment firms manage 1.4% of total U.S. assets under management, according to the John S. and James L. Knight Foundation, nearly identical to the figure from the organizations’ previous 2019 study.
Foundation boards are struggling to promote diversity among their members, according to a recent survey from Commonfund Institute and the Council on Foundations.
