Emerging/Diverse Managers

A Southwestern pension plan funded a new emerging markets equity emerging manager-of-managers portfolio in October.

A Midwestern state pension plan has added commitments to its private equity and real estate portfolios last week.

A California pension plan added a pair of private equity commitments and will review responses in its ongoing search for domestic small-cap equity emerging managers.

A pension plan in the Windy City has completed its domestic core-plus fixed-income minority-, women- and disabled-owned manager search.

The National Association of College and University Business Officers (NACUBO) “is keenly focused on the importance of diversity in asset management positions, as well as diversity in the business officer profession as a whole,” according to a letter from President and CEO Susan Whealler Johnston in response to a letter from six members of Congress that requested the association take a closer look at diversity in endowment management.

CalPERS’ move to lower risk means massive hit to emerging manager program.