News
News from the Emerging Manager space.
This month’s news comes from the New York City Retirement Systems’ Bureau of Asset Management, the $23 billion Los Angeles City Employees’ Retirement System and the $33 billion Los Angeles Fire & Police Pension System and Taurus Private Markets.
Stable Asset Management approaches building emerging managers from a different angle, investing in GPs the way that private equity firms view portfolio companies, with a heavy emphasis on operational development and excellence.
The beginning of August was a passing of the torch both literally and figuratively at Wespath Benefits and Investments as Johara Farhadieh took over the cio reins from long-time investment head Dave Zellner on Aug. 1.
This month we have news on Meketa Investment Group’s next emerging and diverse manager research day as well as the conclusion of the third cohort of a National Association of Investment Companies fellowship program.
The $70.4 billion Teachers’ Retirement System of Illinois received the results of its third annual diversity survey from Lenox Park Solutions earlier this year, according to recently obtained materials.
The share of diverse managers in Georgetown University’s roster within its approximately $3.3 billion endowment dipped last year following four straight years of growth, according to its latest diversity report.
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.
