Emerging/Diverse Managers
The plan narrowed its domestic small-cap value equity search to three finalists and concluded its diverse fund-of-funds search.
The departure has led to at least one client placing the firm on watch.
The plan expects to approve a recommendation in the third quarter.
The search will target multiple managers to each handle a maximum of $600 million.
The commitment represents a new relationship for the plan.
The plan hired a new domestic small-cap equity manager at its board meeting this month.
The will issue an RFP targeting smaller core fixed-income managers tomorrow.
The recent study continues to see greater participation and transparency among foundations as the nonprofits continued to increase investing with diverse-owned firms.
DAMI is calling on Yale University to increase its DEI efforts after a recent article in the student newspaper highlighted the lack of DEI in the investment office.
The foundation has surpassed its goal of investing at least 20% of its investment portfolio with firms led by managers of color or women ahead of its 2024 goal.