News from the Emerging Manager space.
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.
In collaboration with IDiF, Emerging Manager Monthly will be donating 10% of proceeds from new manager subscriptions through the month of January to IDiF.
VoLo Earth Ventures, an emerging venture capital firm that invests in early-stage climate tech companies, has closed its inaugural fund above its fundraising target, a spokeswoman confirmed.
Outsourced cio Appomattox Advisory has hired Caroline Lovelace as coo, a spokeswoman confirmed.
A new diversity accelerator program for entry-level asset management jobs has been launched.
This month, we take our annual look at historically Black colleges and universities.
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