News from the Emerging Manager space.
Georgetown University released its initial report exploring the diversity of the external managers associated with its approximately $1.8 billion endowment last month, as first reported by EMM sister publication Nonprofit News.
While much of the focus since March has centered on how U.S. markets are handling COVID-19 and how federal and state leaders are addressing public health, the virus is a global pandemic that has left global equity and non-U.S. equity managers navigating uncharted territory.
At least four prominent universities have provided responses to two congressmen’s inquiry about the diversity of their endowments.
The public markets had a strong rebound in the second quarter after a staggering drop at the end of the first quarter, helping ease concerns among managers and institutions, according to the latest EMM quarterly performance rankings.
There are currently 25 women and/or minority executives at the top 100 U.S. defined benefit pension plans, versus 38 at the top 100 U.S. nonprofits, up from 23 and 36, respectively, in 2019, according to data compiled by Emerging Manager Monthly.
Jacob Walthour, ceo and co-founder of African American-owned hedge fund-of-funds Blueprint Capital Advisors discusses the recent lawsuit he filed against the New Jersey State Treasury for racial bias.
The State Universities Retirement System of Illinois will host its second annual diverse manager week initiative beginning on Aug. 3.
A new paper looks to help allocators eliminate unconscious bias in their manager research process by focusing on more objective lines of questioning that identify genuine indicators of manager quality.
Disrupting policies and practices in the capital markets to improve access, opportunity and prosperity is vital to empowering Black communities—and it’s a challenge that Erika Seth Davies is looking to take head-on.
Institutions contemplating how to incorporate more diversity into their investment portfolios need to think beyond the efforts as “nice to have” and focus on the diversification benefits an expanded stable of managers can provide, according to Chavon Sutton, director of manager diversity and inclusion and emerging manager strategy for the New York City Comptroller Office’s Bureau of Asset Management.
This month we have continued coverage of endowment’s releasing diversity reports.