News
News from the Emerging Manager space.
Winston Blake, formerly president of emerging manager-of-managers Attucks Asset Management, has founded a new firm.
Putting in the leg work to understand the audience can reduce the amount of time that emerging managers spend on outreach to allocators that are unlikely to make an investment, according to panelists in a recent webinar.
The racial makeup of senior management at investment consulting firms dropped by almost 10%, an “alarming change” in a segment of the market that has an outsized impact on what asset managers are chosen by institutional allocators, the newest report from the Diverse Asset Managers Initiative found.
Bryan Fujita joined Los Angeles Fire & Police Pensions in July of last year after over 12 years at the Los Angeles City Employees’ Retirement System. LAFPP manages $31.4 billion as of March 31, 2024.
Glovista Investments has closed and returned all assets to clients, Co-Founder and Deputy CIO Darshan Bhatt confirmed.
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.
