News
News from the Emerging Manager space.
Investment consultant Wilshire’s inclusion rate of diverse-owned managers in searches continued to rise in 2023, according to the firm’s latest report .
Cambridge Associates has increased the number of diverse managers in its institutional client portfolios over the last three years as part of its commitment toward diversity, equity and inclusion, according to a new report.
Diverse-owned investment managers Empiric Institutional and Harper Capital Management will combine under the Empiric Institutional name, creating a firm offering both quantitative and fundamental equity strategies to institutional investors.
Emerging and diverse-owned asset managers are encouraged to implement diversity, equity and inclusion policies early on in their firm’s lifecycle even if they believe many of the issues are embedded in their firm structure, according to Lauren Mathias, senior v.p. of investment consulting firm Callan and the firm’s diversity, equity and belonging champion.
Nearly half of the 50 wealthiest public and private higher education endowments, representing $566 billion in total assets, refused to participate in a continued assessment of the representation of women- and racial or ethnic minority-owned investment firms overseeing their portfolios, new research finds.
This month we have news of recent reports published by the California State Teachers’ Retirement System as well as Harlem Capital.
The Institute for Diversity and Inclusion in Finance (IDiF) and the Investment Diversity Advisory Council (IDAC) have announced that they are joining forces “to create a more unified approach to financial inclusion.”
New York Life has acquired a minority stake in private equity and venture capital firm Fairview Capital, according to an announcement.
This month we feature news from Boston Common Asset Management, Blueprint Capital Advisors and Ramirez Asset Management.
Stephen Gilmore has been named the new cio of the $493.5 billion California Public Employees’ Retirement System, the plan announced.
This month, we have our annual feature on military veterans in the asset management industry.