News

Search Alert: LA Guns & Hoses Plan Approves Emerging MoM RFI

The $16 billion Los Angeles Fire & Police Pension System has approved issuing a domestic equity emerging manager-of-managers RFI at a special meeting yesterday, Chairman Dean Hansell said.
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Active Large-Cap Should Revert To Outperformance

Actively managed domestic large-cap long-only products should eventually revert to a period of sustained outperformance, according to a study done by FIS Group.
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CalSTRS Discusses Improving RE Program

The California State Teachers Retirement System is looking to improve its approach to hiring emerging real estate managers, according to a report by Altura Capital Group presented at an April 12 meeting.
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InFocus

Next Generation Top-Tier PE Firms Key To Long-Term Success

Invesco Private Capital has invested in the private equity space for more than 30 years and for nearly 10 years has had a specific mandate to target emerging private equity funds, providing the firm with a unique perspective on the opportunities available when investing in young funds.
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PE Concentration Could Level Playing Field For Emerging Mgrs.

The trend of institutional investors to concentrate their private equity portfolios could bode well for emerging managers in the space.
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Marketing

Granite Sees Big Opportunities In Micro-Cap Strategy

Boasting a nearly ten-year track record with top decile long-term numbers in its domestic micro-cap equity portfolio, Granite Investment Partners believes it is positioned to be front and center with institutional investors looking to tap into the space.
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300 North Capital Brings Unique History To Emerging Space

300 North Capital, LLC is not your average “emerging manager.” The firm has a long history dating back to the 1950s and up until the start of the year was a subsidiary of Old Mutual (US) Holdings, Inc. but now sits 100% employee-owned with approximately $680 million in assets.
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Launches

Boston Habor Brings Rules-Based Fundamentals To Quant Strategy

Boston Harbor Investment Management has launched a quantitative rules-based fundamental equity strategy.
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Graham & Dodd Fund Adds High-Yield Portfolio Manager

Ronald Grobeck has joined Graham & Dodd Fund as managing director of high-yield portfolio management.
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Searches

Los Angeles City Eyes 10% Targets To Emerging Mgrs.

The $11.7 billion Los Angles City Employees Retirement System adopted a new emerging investment manager policy that now includes a 10% target allocation for each of its asset classes at its March 26 board meeting, according to minutes.
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Mass. Plan Makes Emerging Real Estate Hires

The $180 million Holyoke (Mass.) Retirement System hired three emerging real estate managers to handle $14 million, CIO Raymond DePelteau said, in an e-mail.
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Alternatives

Infrastructure Fund Looks To Provide True Alignment With Investors

Aquila Infrastructure Management not only believes it can provide investors with a unique look at the infrastructure space but also, its Fund structure provides a true alignment with investors. Aquila has just launched its marketing effort in the United States.
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Queen Anne’s Gate Goes Against Consensus To Unlock Returns

Queen Anne’s Gate Capital sees the value in understanding the overpriced and underpriced pieces of the commodities market.
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Little Black Book

Marquette Adds Senior Analyst

Catherine Hickey has been hired as a senior research analyst at Marquette Associates, the investment consulting firm announced.
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Chicago Teachers Adds To Staff

The $9.4 billion Public School Teachers’ Pension & Retirement Fund of Chicago has hired Colleen Quinlan as its investment operations associate, CIO Carmen Heredia-Lopez said, in an e-mail.
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Industry News

PE Firm To Focus on Minority-Owned Financial, Banking Institutions

A new venture capital and private equity firm focusing on minority-focused financial and banking institutions has launched.
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Pompano Beach Police & Fire Adds Deputy Director

Debra Tocarchick, retirement office supervisor for the $419 million Genesee County (Mich.) Employees Retirement System, has joined the staff of the Pompano Beach (Fla.) Police & Fire Pension Fund. Tocarchick started on April 1, she said.
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Expert Advice

And The Winner Is…

Nick Rotello, Managing Director
Seven Two Partners LLC

Close your eyes for a minute and reflect on how good it felt last time you won an award. You felt acknowledged for your sacrifices, recognized for your hard work and special for your achievements. You felt valued. You felt right. You were a winner! Sure, there might have been a few haters in the audience, but for the most part it felt really good. Bottom line is that WINNING STUFF ROCKS!!!
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Thinking Through The ‘Fly In Fly Out’ Model

By Luke MacRedmond
Morse Consulting

In the December edition of Emerging Manager Monthly we described the pros and cons of offshore investment firms establishing a presence in Australia via a partnership with a local distributor. This approach has proven successful for many firms but it is not the correct path for all firms to take. Alternative options to the partnership model include opening a local Australian office or implementing a regular visitation program. In many cases, such as Fisher Investments, the opening of an office followed a successful strategy of raising funds under management from their domestic market. The focus of this article is on the regular visitation or ‘fly in fly out’ (FIFO) model.
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Conference Coverage

Promoting Diversity Should Be ‘Intentional & Deliberate’

Nonprofit Investors and emerging managers gathered in New York City on Dec. 10-11 for the Foundation & Endowment Emerging Manager Roundup presented by The Association of Black Foundation Executives and RG & Associates 

Foundations and endowment investors discussed their efforts to promote diversity in their portfolios during the State Your Case panel of The Association of Black Foundation Executives and RG & Associates’ Casting a Wider Net conference.
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Perceived Risk A Hurdle For Emerging Asset Managers

Nonprofit Investors and emerging managers gathered in New York City on Dec. 10-11 for the Foundation & Endowment Emerging Manager Roundup presented by The Association of Black Foundation Executives and RG & Associates.

One of the biggest hurdles emerging manager advocates and managers themselves must overcome is the perceived risk in investing in the space, according to panelists speaking during the Show - Then Tell session.
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