News
News from the Emerging Manager space.
The Smithsonian Institution has increased its domestic assets under management invested with minority- and women-owned investment managers within its approximately $2.5 billion endowment, according to a new report.
A majority of the Employees Retirement System of Rhode Island’s participating fund managers continue to be white and led and/or owned by men, according to the results of its 2023 diversity, equity and inclusion survey.
The University of California’s allocation to diverse-owned partners across its $22.6 billion endowment and $98.6 billion pension increased again by 3% to $21.7 billion of its actively managed assets.
Three southern state attorneys general have been asked to investigate “race-based decision-making” by majority white-owned venture capital firms in response to the continued legal battles faced by diversity, equity and inclusion initiatives.
This month, we have news on a new virtual series for internship insight by Penserra as well as a new hire at MayTech Global Investments.
The Diverse Investing Collective, a coalition of asset owners and allocators focused on diversity in the management of assets, has announced its advisory board.
Brown Capital Management has closed its domestic mid-cap growth equity strategy as part of a team restructuring, according to a client e-mail obtained by Emerging Manager Monthly.
Screendoor is an investment platform designed to support new venture managers raising early-stage institutional funds intent on building enduring asset management firms.
Lack of accountability and bias are the primary barriers to diversity, equity and inclusion progress in the private equity and venture capital space despite increasing recognition of the financial and moral benefits of DEI, according to one fund-of-funds.
Nearly $1 billion was committed to diverse-owned asset managers in 2023 through searches conducted by investment consultant Callan, the firm announced.
