News
Up-to-date investment manager search leads, industry trends and investor profiles.
Russell Mason, founder of the Investment Management Institute, died on Dec. 20 after a lengthy battle with pancreatic cancer, the organization announced.
Multi-boutique manager platform Spouting Rock Asset Management has acquired Stewart Asset Management, a spokeswoman confirmed, in an e-mail.
The U.S. Senate Committee on Banking, Housing, and Urban Affairs’ Subcommittee on Securities, Insurance and Investment met on Dec. 13 to hold a hearing on “Examining How Capital Markets Serve Diverse Entrepreneurs and Investors.”
The $11.5 billion Public School Teachers’ Pension & Retirement Fund of Chicago invested $5.5 billion, or 48% of total fund assets, with minority-, women- and disadvantaged-owned business enterprise firms in fiscal year 2022.
By Shannon O’Leary, CIO at Saint Paul & Minnesota Foundation
Foundations continue to increase their investments with diverse-owned firms while peeling back the curtain and providing greater transparency on their portfolios, according to the John S. and James L. Knight Foundation’s Diversity of Asset Managers Research Series: Philanthropy.
The New Year often brings optimism for change. Resolutions both personally and professionally are made with sincerity, yet studies show that on average these resolutions do not even make it a month.
Public Market Activity Remains Low As Private Markets Allocations Grow
In collaboration with IDiF, Emerging Manager Monthly will be donating 10% of proceeds from new manager subscriptions through the month of January to IDiF.
Private equity firms with higher levels of diversity are more likely to receive greater capital from leading institutional investors, according to a new report from McKinsey.
