Emerging/Diverse Managers
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.
The plan committed roughly $1.2 billion total to four new managers and two existing managers in October.
The firm is looking to hire more diverse managers for client portfolios after adding several diverse firms, particularly in equity, private equity and venture capital, over the last two years.
