News from the Emerging Manager space.
Callan CEO and Chief Research Officer Greg Allen has joined a coalition of ceos pledging to take action to advance diversity and inclusion in the workplace.
Progress Investment Management Company has officially wound down its investment advisory activities—and on the whole clients have remained committed to emerging and diverse managers, according to information compiled by EMM.
Across the investment industry, investment professionals and organizations are speaking out about inclusivity and racism in the country and the asset management industry following the killing of George Floyd. Floyd, who is black, was killed by a white police officer on May 25, sparking protests across the country.
As expected, the first quarter of 2020 was full of largely red numbers, particularly in public equity where only two firms posted positive numbers and just 22 firms in the domestic large-cap and small-cap space outperformed their respective benchmarks, according to the latest EMM quarterly performance rankings.
The National Action Network (NAN) recently sent a letter to five leading higher education institutions asking them to report on the diversity of their collective $117 billion in endowment assets as it looks to tackle the issue of utilization of diverse-owned asset management firms.
The position will conduct responsibilities related to program management, sourcing, portfolio construction/due diligence/approval and asset management, according to a posting for the position.
EMM Editor Matthew McCue took part in a webinar, How Boutique and Emerging Asset Managers Are Handling the Pandemic and Keeping their Clients Engaged, hosted by Sondhelm Partners last month.
GCM Grosvenor has shifted its Consortium event to a virtual conference.
An Employees Retirement System of Texas portfolio manager discussed the long-term effects of the COVID-19 crisis on the overall markets, the plan’s interests in the immediate term and how the plan is leaning on its existing relationships for potential commitments in a recent interview.
This month we have details on the first endowment diversity reports to be made public.