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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The U.S. Department of Labor issued an advisory opinion that rescinded its prior approval of Citi’s Action for Racial Equity Asset Manager Program last month.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
News
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
S.C. CIO Joins Univ. Of Rochester
Industry News
S.C. CIO Joins Univ. Of Rochester

Geoffrey Berg is heading to the University of Rochester to become senior v.p. and cio overseeing its approximately $5 billion investment portfolio

08.06.25
Industry News
N.H. Taps Private Markets Head

Danita Johnson has joined the $12.6 billion New Hampshire Retirement System as head of private markets.

08.06.25
News
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
Lessons Learned: CalPERS Touts  Progress In Emerging Mgr. Programs
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
RVK Hires Senior Consultant
In The News
RVK Hires Senior Consultant

Dale Connors has joined investment consultant RVK as a senior consultant, the firm announced.

08.06.25
Industry News
CalPERS Hires Private Debt Head

Mascha Canio has been named the managing investment director of private debt at the California Public Employees’ Retirement System.

08.06.25
Industry News
Knight Foundation Adds Director

The John S. & James L. Knight Foundation has hired a director of private investments.

08.06.25