News from the Emerging Manager space.
Robert Manilla has served as v.p. and cio at the Kresge Foundation for the past 17 years, developing and implementing its investment strategy and managing its endowment, which has grown to $4.5 billion, while helping create its investment office.
Investment consultant Meketa Investment Group met with 67 emerging and diverse investment managers across public and private markets at its latest dedicated research day held on April 13.
A bill introduced last year that would require the District of Columbia Retirement Board to hire diverse investment consultants and asset managers has not progressed in city council.
Lower-level positions at asset management firms are the most diverse by both racial and gender measures, while equity ownership and senior management positions were the least diverse, results from Meketa Investment Group’s diversity, equity and inclusion questionnaire show.
Connecticut State Treasurer Shawn Wooden will not seek re-election in the fall, he announced.
Black Women In Asset Management is expanding into the U.S., the nonprofit industry association announced.
Shundrawn Thomas will leave his role as president of Northern Trust Asset Management to co-found a new diverse-owned and led business.
DUMAC, the investment management arm of Duke University, increased the diversity of its $12.6 billion endowment by almost 4% between 2020 and 2021.
Investment consultant NEPC continues to see improvement in the diversity, equity and inclusion space for its clients as approximately 59% used diverse managers in their portfolios in 2021.
Cambridge Associates increased the number of diverse manager relationships in client portfolios as well as the percentage of assets invested with diverse managers in 2021.
We look at the lack of transparency from Yale University following its well-publicized diversity survey.