Emerging/Diverse Managers
The report card will grade firms doing business with the fund based on commitment to diversity and inclusion in their workforces.
Foundations should be leaders on investing in diverse- and women-owned funds as they can do more to lift the veil on decision-making and create change to promote greater equity within their strategies, according to a recently published paper.
The Institutional Investing Diversity Cooperative will promote more robust data and a broader industry definition of diversity.
The large-cap equity manager was first acquired by Morgan Stanley in 2011.
A Midwestern pension plan terminated its active large-cap equity managers to fund mandates with three new global equity managers hired following an RFP search.
A plan based in Chicago has hired an investment manager to handle a passive equity strategy.
The plan opted to hire one firm to manage a domestic small-cap allocation and another for international small-cap.
Plan funded a new international equity manager and added alternatives commitments in October.
The manager will look to identify emerging hedge fund firms.
The search is open to funds that invest in diverse-owned firms.
