Emerging/Diverse Managers
The bill will help ensure colleges and universities are providing opportunities to women and minority asset managers by mandating transparency and standardizing data collection.
The program is looking to incorporate ESG and DEI language into its investment policy statement in the third quarter to improve representation of underrepresented communities in fund management and the underlying funds within its portfolio.
The newly launched venture fund will allocate its returns to partner HBCUs.
A West Coast impact fund- of- funds has raised nearly $170 million for its Fund II.
Byles Williams founded Xponance, a Black woman-owned investment firm, which offers direct active and passive equity, fixed-income and alternative investments as well as multi-manager strategies focused on emerging and diverse managers.
The plan completed a domestic small- to mid-cap value equity manager search launched in the fourth quarter.
The city hired two equity managers and three private markets firms.
Plan has issued RFPs for minority-, women- or disabled-owned core bond and short-duration bond managers.
The firm will pay $215 million to settle a gender discrimination class action lawsuit before it was set to go to trial on June 7.
The commitment was made as part of the foundation’s efforts to align 100% of its investments with its mission.