Sun, Sep 25, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

U.S. Foundation wants to increase diversity of emerging and minority managers

Monday, April 28, 2014

amb
Elizabeth Hewitt
Benedicte Gravrand, Opalesque Geneva for New Managers:

A couple of recent interviews, sponsored by conference organizers, give some interesting perspectives on the world of emerging fund managers: one from an institutional investor’s vantage point, another from a marketer’s.

U.S. Foundation wants to increase diversity of emerging and minority managers The Robert Wood Johnson Foundation, the U.S. foundation devoted to the public’s health, manages $10bn in AuM. Brian O’Neil, CIO and Elizabeth Hewitt, Managing Director, Public Equity recently told Consortium 2014 (on RGAmeetings.com) that as their investment department is a bit short-staffed, they hired a consultant, Rock Creek, to help with their Emerging Manager program.

"The reason we chose to start our emerging manager program in the hedge fund space is that we thought it was the most likely place where emerging managers could outperform and we had room to grow our allocation," they said.

The Foundation is a long term, socially responsible investor that looks for diversity and good risk return.

"We expect the returns from our emerging manager program to be as good as the returns posted in other areas—there is no thinking that the program should have a lower bar," the explain. "We know that emerging managers, including w......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Star names struggle as smaller hedge funds make hay[more]

    From eFinancialnews.com: Many big-name funds have been hit by sharp reversals in markets, including US government bonds and UK stocks, and have struggled to extricate themselves from positions that have gone bad. According to data group eVestment, hedge funds below $250 million in size are up 4.1% t

  2. North America - Acela fight splits hedge fund Connecticut and old money enclaves[more]

    From Bloomberg.com: Connecticut’s residential coastline is two worlds, the one of newcomer millionaires and one whose wealth and New England roots span generations. Now, their differences over a rail route threaten to gum up plans for the U.S. Northeast’s fastest-ever trains. About 30 miles from Man

  3. Activist News - Caesars offers creditors another $1.6bn, would spell end of hedge fund ownership, Activist investors double chance of CEO exits[more]

    Caesars offers creditors another $1.6bn, would spell end of hedge fund ownership From Calvinayre.com: Casino operator Caesars Entertainment has improved its offer to junior creditors to over $5b, but the offer is only good until Friday. On Wednesday, Caesars added an extra $1.6b to the $

  4. Comment - ‘Gut feeling’ measurable in hedge fund traders, How hedge fund managers can use blockchain to maximize benefits[more]

    ‘Gut feeling’ measurable in hedge fund traders From Laboratoryequipment.com: “Gut feeling” is an intangible – an automatic hunch – based on prior experience for some people. But the “gut feeling” is actually a measurable response developed in professionals doing some high-risk work, acco

  5. Opalesque Exclusive: Modern investor tools (2): A platform that does the job for you[more]

    Benedicte Gravrand, Opalesque Geneva: A new series on technology providers that assist asset allocators. There is disruption in the investor part of the world of hedge funds, coming from platforms that can replace traditionally-run search and analysis. Here is one of them. L