Alternatives

Wellington Management has hired two senior investors for its private market sustainable investing team, the firm announced.

Plan shifted its emerging markets equity allocation to an active manager at the end of 2020.

The plan invested up to $15 million total into two diverse-owned private credit managers on Friday.

The plan hired launched a private equity manager search and wrapped up another in real estate.

They will oversee traditional strategies and alternatives, including private strategies and hedge funds, the firm said.

Historically black colleges and universities are reeling, like many other higher education institutions, from the COVID-19 pandemic’s impact on their business models.

Despite these struggles, institutions cannot and should not let those issues stand in the way of growing their endowment portfolios and diversifying them to combat the underrepresentation of diverse-owned investment managers in the approximately $70 trillion asset management industry, allocators and industry experts said.