Research Archives - Page 2 of 3 - NAIC (National Association of Investment Companies)

Affirmative Investing: Women and Minority Owned Hedge Funds

Some of the practical, performance- and risk-related questions surrounding women and diverse-managed hedge funds are addressed in this report. In doing so, the authors constructed a women and minority owned hedge fund index, as well as surveyed and interviewed more than 25 managers and investors.

2020

2018 Diverse Asset Management Firm Assessment

In this report, the Knight Foundation along with Professor Josh Lerner (Harvard Business School) and Bella Private Markets update our previous study using revised data and enhanced methodology. The most significant change being the availability of new ownership diversity data on PE and real estate funds, allowing us to study real estate performance for the first time.

2019

Race Influences Professional Investors’ Financial Judgements

This report analyzes how racial bias affects capital allocators’ decision-making when evaluating asset managers. Surveys were conducted to test whether capital allocators had biases that impacted their evaluations of firms led by people of color, and if so, how these biases manifest. The results suggest that funds led by people of color may face the most barriers to advancement.

2019

Differentiated Talent

“Why don’t we have more investment manager diversity?” That simple question from the CEO of a long-standing client served as a catalyst for a change in perspective for Colonial Consulting. Differentiated Talent chronicles that defining moment, how it challenged the firm to re-think its business practices and following that period of self-analysis, to enact change for the better.

2019

Why Not the Best? Identifying Outperforming Emerging Managers and Capturing Alpha from a Long-Neglected Market

Larry Manson, Jim Casselberry and David Kushner of NexTier examine the current state of institutional searches for emerging asset managers and prescribe best practices for identifying and utilizing the most talented emerging managers.

2017

Examining the Results: The Financial Returns of Diverse Private Equity Firms

This study is an in-depth review of the investment performance of diverse-owned private equity firms from 1995-2015. Published with assistance from KPMG, an independent accounting firm that analyzed and compiled the performance data to ensure its integrity and accuracy, and AON Hewitt, who wrote the report, it serves as a resource for institutional investors, industry professionals and the media.

2017

The Limited Partner Perspective: The Opportunity in Diverse Emerging Managers

The Limited Partner Perspective: The Opportunity in Diverse Emerging Managers is a study that analyzes the experiences of limited partners (LPs) who invest in private equity funds managed by diverse general partners and why they invest in these funds.

2016

National Access to Capital Survey

This survey examines Minority Business Enterprises (MBEs) and focuses on the internal factors which may hamper their ability to obtain critical growth or acquisition capital.

2015

Women in Alternative Investments

This Rothstein Kass Institute study looks at how diversity efforts – and outperformance by many of the investment teams – are leading to increased allocations to funds managed by women as well as greater female representation within the alternative investment industry.

2015

Optimizing Your Emerging Manager Program: An Instructional Roadmap for Institutional Investors

This study was designed to gain a thorough understanding of how an Emerging Manager Program (“EMP”) can work best and identify the ways that stakeholders can cultivate that success. We began by contacting 22 pension funds to invite their Board members and/or Investment Staff to collaborate with us on this project by allowing themselves to be interviewed about their EMP experiences.

2015

The Hardest Taboo

This case study examines how the Silicon Valley Community Foundation approached the issue of increasing investment manager diversity with its investment advisor. These first-person accounts from the foundation’s CEO and the investment advisor provide candid assessments of how they addressed the issue of increasing investment manager diversity.

2015

Emerging Manager Programs: A Best Practices Overview

This white paper provides an overview of best practices from some of the nation’s leading pension funds that have pioneered private equity investment with emerging managers. It analyzes and compares a few of the more successful emerging manager programs in order to identify those factors that appear critical to their success.

2015