News
News from the Emerging Manager space.
The Securities and Exchange Commission will consider ways to increase diversity and inclusion within the asset management space after recommendations were approved at a July 7 advisory committee meeting.
The $54 billion Illinois Municipal Retirement Fund has named Angela Miller-May as its new cio effective Aug. 16, the plan announced.
Interest in diverse managers remains high, however, actual investments with those firms have declined, according to investment consultant Wilshire’s report outlining the 2020 results of its Diverse Owned Manager Initiative.
Investment consulting firm Crewcial Partners has invested $4.2 billion with diverse asset managers – with 94% of the firm’s clients allocating to at least one diverse firm, according to a soon-to-be released report.
Investment consulting firm Callan has enhanced its commitment to diversity within its research and search processes.
A new bill has been introduced that would require the District of Columbia Retirement Board to hire diverse investment consultants and asset managers to help handle the city’s $10.3 billion pension fund.
1251 Asset Management has purchased a minority stake in Mar Vista Investment Partners.
Rodrigo Garcia is leaving his position as deputy state treasurer and cio of the Illinois State Treasurer’s Office.
Emerging Manager Monthly and Emerge Capital Management held a webinar, EMPWR-ing Women Portfolio Managers, on June 9.
The MIT Investment Management Company will hold a webinar focusing on operational, legal and set-up topics for emerging managers.
This month we have news on a university expressing interest in emerging private equity and venture capital firms.