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Just over 8% of domestic core fixed-income and core equity assets involved in manager searches by Meketa Investment Group over a four-year period were allocated to minority- and women-owned asset managers, according to a recent report.
Commonfund has broadened its definition of diverse managers beyond ownership to also include members of the investment team as well as those receiving a share of the firm’s profits effective July 1.
The diversity of Georgetown University’s approximately $2.5 billion endowment remains static year-over-year despite the addition of five new U.S.-based managers and the elimination of two other firms, according to a new report.
The $22.9 billion Los Angeles City Employees Retirement System has released its inaugural investment manager organization diversity study, according to audio of its Aug. 23 board meeting.
Director of Private Equity Michael Nguyen has left the $13.5 billion Montana Board of Investments.
The $1 billion Pittsburgh Comprehensive Municipal Pension Trust Fund adopted a new policy to support diverse investment managers at its Sept. 1 board meeting, the city announced last week.
Abilene Christian University named Joe Lee as president and cio of its wholly-owned subsidiary Abilene Christian Investment Management Company effective July 25, the institution announced.
Apogem Capital has hired David Fann as senior managing director and vice chairman, the firm announced.
The diverse manager space is a two-way street that involves relationship building and advocacy from both sides, panelists at the GCM Grosvenor 2022 Consortium told attendees.
