News
News from the Emerging Manager space.
The California Public Employees’ Retirement System continued its efforts to increase the use of emerging and diverse asset managers within its portfolio with more than $8 billion committed to managers in the last fiscal year, the plan reported.
Recast Capital has announced that 25 venture capital funds will join the second cohort of its program aimed at helping women and nonbinary-led early stage funds run institutional quality funds.
New Century Advisors added two new members to its team during the third quarter.
Carlos Chujoy has joined emerging manager-of-managers Leading Edge Investment Advisors as a senior v.p., President and CEO Clayton Jue confirmed, in an e-mail.
Merger and acquisition activity within the wealth management space continued to accelerate in October as two institutional firms were snapped up.
Domestic small-cap value equity manager Private Capital Management had the top returns in the third quarter, according to EMM’s quarterly performance report.
Assets under management by diverse-owned long-only equity managers increased by $27.3 billion in the third quarter, new data from FIN Searches shows.
Yale University’s investment office is seeking entrepreneurs looking to launch their own investment management funds to participate in its new program, the Prospect Fellowship.
The Association of Asian American Investment Managers is looking to tackle the issue of perception versus reality with new research as it heads into its annual conference next week.
