The $90 billion Massachusetts Pension Reserves Investment Management Board is expanding its focus on diverse investment managers outside its emerging manager program with a dedicated 20% allocation to its FUTURE initiative.
The project at $18 billion would likely be the largest portfolio of its kind among institutional investors. Currently, the system only has 6% of assets dedicated to diverse managers. Minority managers account for $5.3 billion in portfolio assets, which is an increase of $1 billion from five years ago. According to PRIM Deputy CIO David Gurtz, this is in an industry where only 1.5 . . .
Continue Reading
Unlock this article instantly, along with the rest of our premium content and benefits including daily/weekly/monthly newsletters.
Monthly
$30
A pay-as-you-go plan to get you started
→ Instantly unlock all new and archived articles
→ Daily, weekly and monthly e-mail newsletters
→ Access to the weekly AW Deal Watch by AW Research
Annual
$300
Get more for less - 20% discount over monthly
→ Everything in Monthly PLUS:
→ Access to articles and data from AW Research
→ AW Annual Investor Compendium – our comprehensive guide to investor activity, with a ranking of the most active investors for the year and profiles of the top global allocators
