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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.
As the 1803 Fund moves into its second year, CEO Rukaiyah Adams talked with FIN News about the role of finance in freedom and liberation for African Americas.
Kerusso Capital Management Founder Randell Cain recently celebrated his seventh anniversary as paster of Zion Memorial Missionary Baptist Church.
United Church Funds has 23% of its entire portfolio invested with diverse-firms presently, including 72% of its domestic equity portfolio managed by diverse-owned firms after successfully completing its goal of having more than 60% of the domestic equity portfolio managed by diverse-owned firms in 2023, more than a year in advance of the 2024 deadline it imposed on itself.
Despite the venture capital space setting records with an increased number of Black-owned funds, challenges remain for these underrepresented managers such as bias and a lack of access, which leaves institutional allocators seeking ways to address the barriers.
Today, we proudly unveil our fifth annual special edition of FIN Daily, dedicated to honoring Juneteenth.
The college savings plan has hired a new executive director to lead all aspects of the program after its previous head left last month.
The firm is conducting a search for an associate for investment manager research after a consultant left the firm last month to pursue a new opportunity.
The plan will conduct a search for an executive director after its head retired after nearly a decade of service at its June board meeting.
The firm has promoted its senior v.p. and head of distribution to ceo and its senior v.p. for product management, corporate development and affiliate relations to coo.