News
News from the Emerging Manager space.
Investment consultant NEPC saw an increase to both client assets with diverse firms as well as client strategies managed by diverse firms in 2023, according to its fourth annual DEI Progress Report released last month.
The majority of new hires and promotions at public and private markets managers in 2023 continued to be with non-racially diverse people, according to results from Meketa Investment Group’s latest diversity, equity and inclusion questionnaire.
This month we have news from a recent podcast with Moelis Asset Catalyst V.P. Dan Pogue as well as a new emerging manager program to seed asset managers in Japan from Nomura Holdings.
Interest in investing with diverse managers has begun to plateau, according to FEG Investment Advisors’ 2024 Community Foundation Survey.
This month’s news briefs include a new study from Northern Trust Company and a people move at Ranchland Capital Partners.
Winston Blake, formerly president of emerging manager-of-managers Attucks Asset Management, has founded a new firm.
Putting in the leg work to understand the audience can reduce the amount of time that emerging managers spend on outreach to allocators that are unlikely to make an investment, according to panelists in a recent webinar.
The racial makeup of senior management at investment consulting firms dropped by almost 10%, an “alarming change” in a segment of the market that has an outsized impact on what asset managers are chosen by institutional allocators, the newest report from the Diverse Asset Managers Initiative found.
Bryan Fujita joined Los Angeles Fire & Police Pensions in July of last year after over 12 years at the Los Angeles City Employees’ Retirement System. LAFPP manages $31.4 billion as of March 31, 2024.
Glovista Investments has closed and returned all assets to clients, Co-Founder and Deputy CIO Darshan Bhatt confirmed.
This month, we have our annual feature on military veterans in the asset management industry.