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News from the Emerging Manager space.

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DOL Calls Citi’s Racial Equity Program Unlawful

The U.S. Department of Labor issued an advisory opinion that rescinded its prior approval of Citi’s Action for Racial Equity Asset Manager Program last month.

08.06.25
News
NEPC Drops Data From Annual Progress Report; To Combine Sustainable & DEI Initiatives

Investment consultant NEPC made changes to its annual Progress Report as it looks to combine its sustainable investing efforts, including ESG strategies and its work with diverse and inclusive managers, under one umbrella, according to its 2024 Progress Report released last week.

08.06.25
In The Spotlight: Corbin Capital Talks Litigation Financing
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In The Spotlight: Corbin Capital Talks Litigation Financing

Litigation financing may be a “funky strategy” but can provide allocators with a unique return stream, Partner Cesar Bello of Corbin Capital Partners finds.

08.06.25
AI Interest Vaults Ark To Top Spot In Q2 Rankings
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AI Interest Vaults Ark To Top Spot In Q2 Rankings

ARK Investment Management rode the explosive interest in artificial intelligence to the top spot in the second quarter rankings, according to EMM’s second quarter performance report.

08.06.25
News
Lessons Learned: CalPERS Touts Progress In Emerging Mgr. Programs

The California Public Employees’ Retirement System will examine how to expand its emerging manager program into other private markets outside of private equity, Associate Investment Manager Miguel Silva told the $564.2 billion plan’s board of administration during its July offsite meeting.

08.06.25
News
Luminate Capital Partners Shines With Concentrated Approach

Luminate Capital Partners has experi­enced significant growth over the past decade by honing an investment approach that taps into the potential of enterprise SaaS companies.

07.02.25
Martin Investment Management Managing Director Dies
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Martin Investment Management Managing Director Dies

Mary Ellen Martin Zellerbach, a managing director at Martin Invest­ment Management, died in June, the firm announced.

07.02.25
Mission-Aligned Investing Continues To Grow Among Community Foundations: FEG Survey
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Mission-Aligned Investing Continues To Grow Among Community Foundations: FEG Survey

Value-aligned investing contin­ues to grow among community foundations, with environmental stewardship and gender or racial equity remaining areas of focus despite political headwinds, ac­cording to a new survey.

07.02.25
News
Andrew Palmer: Emerging From A Decade As Maryland CIO

Andrew Palmer has accomplished a significant amount in his decade overseeing the Maryland State Retirement & Pension System, particu­larly when it comes to emerging managers.

07.02.25
News
20 Years And Counting: Illinois Teachers Marks Milestone Of Emerging Mgr. Investing, Gears Up For Next Stage Of Program

The $75.7 billion Teachers’ Retirement System of Illinois continues to raise its emerging manager game as it celebrates the 20-year anniversary of its program.

07.02.25