Sun, May 28, 2017
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. Soon hedge fund investors won't bet on a man, they will bet on a machine[more]

    From Forexlive.com: The Wall Street Journal is in the midst of a 17-part series that looks at the rise of quant funds. The AUM and money invested in quant funds still trails traditional asset managers but the gap is closing. What's truly amazing is volume. Quant funds make up 27% of trading vo

  2. Investing - China's HNA wants to invest in Value Partners, Risk parity investors reap rewards from rebalancing act, SoftBank's $100 billion tech fund rankles VCs as valuations soar[more]

    China's HNA wants to invest in Value Partners From Reuters.com: HNA Group has alighted on a logical, if pricey, target in Hong Kong. The deal-hungry Chinese travel conglomerate known for overpaying wants to invest in Value Partners, one of Asia's few sizeable independent asset managers,

  3. Opalesque Exclusive: Investors warm to ESG, but seek standardization[more]

    Bailey McCann, Opalesque New York: Asset managers and asset owners plan to double their investment in Environmental, Social and Governance (ESG) driven strategies over the next two years, according to a survey from BNP Paribas Securities Services. The report, "Great Expectations: ESG - what's nex

  4. Opalesque Roundtable: France's hidden strengths in AI and machine learning[more]

    Komfie Manalo, Opalesque Asia: All nations offer their strengths and weaknesses, but one that is undisputed is the quality of the French scientists, claimed Guillaume Vidal, co-founder of French technology startup Walnut Algorithms at the

  5. AI-based hedge fund brings machine learning investing to masses[more]

    Komfie Manalo, Opalesque Asia: Machine learning-based hedge fund firm Greyfeather Capital is trying to bring artificial intelligence investing to the masses with its plan to expand beyond the limited reach of the alternative investments space. "We're excited to bring AI technology to traditio