News
News from the Emerging Manager space.
Sterling Capital Management and Truist Financial Corporation have launched a diverse multi-manager exchange traded fund, the firms announced.
Woman-owned investment manager Fairpointe Capital has closed.
Diverse-owned investment firms manage 1.4% of total U.S. assets under management, according to the John S. and James L. Knight Foundation, nearly identical to the figure from the organizations’ previous 2019 study.
Foundation boards are struggling to promote diversity among their members, according to a recent survey from Commonfund Institute and the Council on Foundations.
The Institutional Limited Partners Association released updated versions of its Due Diligence Questionnaire and Diversity Metrics Template last month.
The five-member U.S. value equity team from LMCG Investments has been spun out of the firm to create Leeward Investments, according to a client letter.
Callan will hold its next Callan Connects event for diverse and emerging managers on Dec. 9.
Granahan Investment Management has received a minority investment from Kudu Investment Management, the firms announced.
The National Association of Investment Companies hired Marissa Mahoney as director of partnerships and alliances effective Nov. 15.
Many endowments plan to increase their allocations to diverse-owned managers and make ESG and impact investing a priority next year as they share an “overall tenor of optimism” heading into 2022 in the wake of double digit 2021 returns, according to a new survey.
