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Bailey McCann, Opalesque New York: Commonfund has launched a diverse manager portal designed to specifically to receive due diligence materials from women and minority managers investing in equities, fixed income and credit, real estate and hedge funds. Through the portal Commonfund aims to better facilitate the receipt and review of investment information from diverse managers who are defined as firms with 33 percent or more ownership by women, people of black or African American, Latino/Hispanic, Asian, Native American or Pacific Islander descent, veterans and/ or people with disabilities.
Over the last year, Commonfund's Diversity and Inclusion Office has been focused on
establishing a cross-asset class database of diverse managers to determine the size and
depth of the firm's diverse manager universe relative to the broader "known" universe
available through traditional database sources. Building upon this foundation, the portal will
allow diverse managers across the country to submit their investment information for
consideration and potential inclusion in Commonfund's Diverse Manager Database.
In a meeting with media, Caroline
Greer, Managing Director and the inaugural chairperson of Commonfund's Diversity Office, said that the firm was starting with this group of strategies and asset classes in order to prove the concept and would later add managers from other strategies.
"Independent research indicates that diverse manager performance ...................... To view our full article Click here
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