News
News from the Emerging Manager space.
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.
Many nonprofit investors striving to allocate more assets to diverse-owned managers want to immediately start working toward concrete outcomes, however, the investors should first focus on definitions and policy.
A new bill has been introduced that would aim to increase diversity in the asset management sector.
Mercer has appointed Christopher Williams as global inclusion and diversity leader, the firm announced.
