Emerging/Diverse Managers
Foundations continue to be the leaders of the institutional investment space when it comes to investing with diverse- and women-owned firms as 30 of the top 55 largest foundations collectively invest more than $11 billion with diverse-owned managers, yet work remains as 14 elected not to disclose any data including diversity statistics, according to a study.
A system based in the West is expected to receive a staff recommendation to transition the management of its endowment to a single outsourced cio provider this week.
A Florida general employees retirement system will interview two credit managers to each handle potential $20 million commitments and will also bring in a diverse-owned fixed-income manager as part of its emerging manager program buildout.
A foundation based in Chicago will divest its investment portfolio from fossil fuel industries and invest more in renewable energy to mitigate the effects of global climate change.
An HBCU in the Mid-Atlantic region revised its endowment policy this week to implement a mandate that a majority of its endowment be managed by minority-owned investment firms.
An investment advisor based in the West has hired a as a managing director to support its responsible and sustainable investing approaches.
Once firms are in the program, the NEPC research team will consider them for inclusion in client portfolios and for future inclusion on the focused placement list.
A foundation in the Midwest has named an investment director as deputy cio effective immediately and he will succeed its v.p. and cio next year after he retires.
Advisors must identify markets that align with the services, processes and personal passions of women.
The fund also seeks to increase limited number of diverse venture capitalists.
