{"id":1193,"date":"2019-09-23T23:33:00","date_gmt":"2019-09-24T03:33:00","guid":{"rendered":"https:\/\/www.nepc.com\/private-wealth\/newsroom\/financial-investment-newsa-nepc-announces-new-diverse-manager-policy\/"},"modified":"2021-11-02T19:09:37","modified_gmt":"2021-11-02T23:09:37","slug":"financial-investment-newsa-nepc-announces-new-diverse-manager-policy","status":"publish","type":"newsroom","link":"https:\/\/www.nepc.com\/private-wealth\/newsroom\/financial-investment-newsa-nepc-announces-new-diverse-manager-policy\/","title":{"rendered":"Financial Investment News:\u00a0NEPC Announces New Diverse Manager Policy"},"content":{"rendered":"<div class=\"wpb-content-wrapper\">[vc_row][vc_column width=&#8221;1\/1&#8243;][vc_column_text uncode_shortcode_id=&#8221;330452&#8243;]Sam Austin was featured in an article about our new Diverse Investment Manager Policy. <a href=\"https:\/\/www.fin-news.com\/2019\/09\/12\/nepc-announces-new-diverse-manager-policy\/\" target=\"_blank\" rel=\"noopener\">Read on FIN News here.<\/a><\/p>\n<p><!--more--><\/p>\n<p>Investment consulting firm\u00a0<strong>NEPC<\/strong>\u00a0announced today a new diverse investment manager policy that seeks to increase engagement with women- and minority-owned managers.<\/p>\n<p>Specific goals outlined in the new policy include increasing the number of meetings with diverse firms by 10% in 2020, having diverse managers represent 10% of managers on the firm&#8217;s focused placement list by year-end 2021, including a diverse manager in searches &#8220;where a diverse manager rated 1 or 2 is available,&#8221; addressing responsiveness to diverse managers by providing preliminary feedback within three months of initial contact and implementing accountability toward diversity targets.<\/p>\n<p>The new policy was formed through a collaboration between the NEPC research team and the firm&#8217;s diverse managers committee, which is made up of senior consultants and senior research professionals specializing in public markets and alternative investment strategies.<\/p>\n<p>&#8220;Women- and minority-owned funds are still significantly underrepresented in the portfolios of institutional and high-net-worth investors, despite research that points to positive and, in many cases, superior investment performance of those funds,&#8221; said <strong>Sam Austin<\/strong>, partner and co-chair of the diverse managers committee, in a statement. &#8220;This new policy addresses that gap and is one piece of NEPC&#8217;s larger commitment to championing diversity and inclusion within the investment community.&#8221;<\/p>\n<p>NEPC, which advises on more than $1 trillion in client assets overall, currently has $32.5 billion of client assets invested with diverse firms across 182 investment strategies and more than 43% of NEPC clients utilize diverse investment managers across public and private equities, hedge funds, private debt and private real estate, the firm said.[\/vc_column_text][\/vc_column][\/vc_row]\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column width=&#8221;1\/1&#8243;][vc_column_text uncode_shortcode_id=&#8221;330452&#8243;]Sam Austin was featured in an article about our new Diverse Investment Manager Policy. Read on FIN News [&hellip;]<\/p>\n","protected":false},"author":95,"featured_media":1194,"template":"","meta":{"content-type":"","footnotes":""},"newsroom_categories":[81],"newsroom_tags":[82,83],"class_list":["post-1193","newsroom","type-newsroom","status-publish","has-post-thumbnail","hentry","newsroom_categories-in-the-news","newsroom_tags-press","newsroom_tags-press-coverage"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Financial Investment News:\u00c2\u00a0NEPC Announces New Diverse Manager Policy<\/title>\n<meta name=\"description\" content=\"Financial Investment News:\u00c2\u00a0NEPC Announces New Diverse Manager Policy\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.nepc.com\/private-wealth\/newsroom\/financial-investment-newsa-nepc-announces-new-diverse-manager-policy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Financial Investment News:\u00c2\u00a0NEPC Announces New Diverse Manager Policy\" \/>\n<meta property=\"og:description\" content=\"Financial Investment News:\u00c2\u00a0NEPC Announces New Diverse Manager Policy\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.nepc.com\/private-wealth\/newsroom\/financial-investment-newsa-nepc-announces-new-diverse-manager-policy\/\" \/>\n<meta property=\"og:site_name\" content=\"NEPC - 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