News
News from the Emerging Manager space.
An investment consulting firm recently adopted the voluntary CFA Institute Diversity, Equity and Inclusion Code for Investment Professionals.
Meketa Investment Group will hold its next virtual emerging and diverse manager research day for public and private markets in October, the firm announced.
Just over 8% of domestic core fixed-income and core equity assets involved in manager searches by Meketa Investment Group over a four-year period were allocated to minority- and women-owned asset managers, according to a recent report.
Commonfund has broadened its definition of diverse managers beyond ownership to also include members of the investment team as well as those receiving a share of the firm’s profits effective July 1.
The diversity of Georgetown University’s approximately $2.5 billion endowment remains static year-over-year despite the addition of five new U.S.-based managers and the elimination of two other firms, according to a new report.
The $22.9 billion Los Angeles City Employees Retirement System has released its inaugural investment manager organization diversity study, according to audio of its Aug. 23 board meeting.
Community foundations are increasingly hiring or considering hiring diverse managers for their portfolios, according to a recent survey.
Investment consultant Prime Buchholz continues to increase the number of diverse managers it recommends to institutional clients.
Dartmouth College has surveyed its approximately $8.5 billion endowment’s investment managers on the diversity characteristics of their organizations as part of its commitment to improving the diversity of the investment management industry, according to its inaugural investment manager diversity report.
Interest in impact investing among U.S. museums is severely lagging compared to their higher education and foundation peers, however, a recent study finds there is room for improvement if more museums can get board and committee members to drive conversations on the impact investment space.
