The plan will receive information on three real estate managers at its November meeting, which will also see a presentation from an underperforming domestic equity manager.
The details are part of the firm’s inaugural Diversity, Equity & Belonging Advancement Report that highlights efforts the firm is making in promoting the issues internally and in the institutional investment industry overall.
There are 33 Black-owned investment management firms with more than $1 billion in assets under management responsible for an aggregate total of $272.2 billion, FIN Searches data shows.
The PFMAM outsourced cio business has about $35 billion in assets under management and has turned to the endowment and foundation space as an area of emphasis.