•  
• Tweet
•  
•        Print
•  
•         Track Keywords
•  
• 

Komfie Manalo, Opalesque Asia:

Emerging and diverse-owned fund managers are performing well and are worthy of consideration by institutional investors seeking alpha, according to a research by the National Association of Investment Companies (NAIC) with the assistance of KPMG accounting firm and AON Hewitt. NAIC is the industry association for diverse-owned and emerging managers, a number of which rank among the best performing private equity firms and hedge funds in the United States.

According to the study commissioned by the Knight Foundation, there are approximately 150 diverse private equity firms in existence, 52 female-owned and 98 minority owned.

"I hope this report causes institutional investors to have an epiphany regarding investing with diverse-owned private equity firms," said Robert L. Greene, Prepsident & CEO of the NAIC. "The opportunity for outperformance is clear and the perceptions which have limited the flow of capital are invalid and unwarranted."

The report entitled, Examining the Returns: The Financial Returns of Diverse Private Equity Firms highlighted the fact that diverse-owned private equity firms continue to demonstrate their skill and expertise and have once again outperformed the relevant benchmarks. On an aggregate basis, diverse-owned firms generated an impressive 16.5% in......................

To view our full article Click here