News
News from the Emerging Manager space.
V.P. and CIO Patrick Silvestri has departed emerging manager-of-managers Attucks Asset Management.
Anyori “A.J.” Hernandez has been named the new president and ceo of the New America Alliance effective in late February, the organization announced.
Private credit firm Maranon Capital has become a signatory to the Institutional Limited Partners Association’s Diversity in Action initiative, the firm announced.
Technology platform DFD Partners and The Center of Innovation for Diversity, Equity and Inclusion in Finance have formed a distribution partnership that will allow three approved asset managers to utilize DFD services at no cost for one year.
Russell Mason, founder of the Investment Management Institute, died on Dec. 20 after a lengthy battle with pancreatic cancer, the organization announced.
Multi-boutique manager platform Spouting Rock Asset Management has acquired Stewart Asset Management, a spokeswoman confirmed, in an e-mail.
The U.S. Senate Committee on Banking, Housing, and Urban Affairs’ Subcommittee on Securities, Insurance and Investment met on Dec. 13 to hold a hearing on “Examining How Capital Markets Serve Diverse Entrepreneurs and Investors.”
The $11.5 billion Public School Teachers’ Pension & Retirement Fund of Chicago invested $5.5 billion, or 48% of total fund assets, with minority-, women- and disadvantaged-owned business enterprise firms in fiscal year 2022.
By Shannon O’Leary, CIO at Saint Paul & Minnesota Foundation
Foundations continue to increase their investments with diverse-owned firms while peeling back the curtain and providing greater transparency on their portfolios, according to the John S. and James L. Knight Foundation’s Diversity of Asset Managers Research Series: Philanthropy.
