Le Lézard
Classified in: Business
Subjects: STP, SCZ

NAIC Roadshows Connect Diverse-Owned Investment Firms with Institutions


WASHINGTON, March 29, 2018 /PRNewswire-USNewswire/ -- Some of the nation's top-performing diverse investment managers met recently with institutional investors from the Detroit Metropolitan Area to showcase how investing with minority-owned firms could lead to greater returns for retirement plans.

Hosted by the National Association of Investment Companies (NAIC), the institutions represented at the Detroit Institutional Investor Roadshow included: UAW Retiree Medical Benefits Trust, City of Detroit General Retirement System, City of Detroit Police and Fire Retirement System, Michigan Department of Treasury, Kresge Investments, Rocaton Investment Advisors and DTE Energy. Collectively, the retirement plans represent more than $160 billion in assets under management.

NAIC's Institutional Investor Roadshows visit various US cities to meet with local institutional investors and government officials to discuss manager performance, investment strategies and emerging manager programs. Many diverse-owned investment firms have generated stellar returns despite being overlooked by many institutional investors ? even those located in racially diverse cities. Several factors continue to severely limit the number and dollar amount of funds entrusted to these investment professionals, including a lack of diversity at upper administrative levels within these retirement plans.

"This isn't about social investing. NAIC members are focused solely on generating top returns," says Robert L. Greene, President & CEO of NAIC. "Our Roadshows help bridge the gap between institutional investors and the high-performing diverse managers who can improve the performance of their retirement plans for the hard-working people who contribute to them."

About the NAIC: The National Association of Investment Companies (www.naicpe.com) was founded in 1971. Comprised of nearly 50 member firms representing over $90 billion in assets under management, it is now the largest network of diverse-owned private equity firms and hedge funds in the United States.

MEDIA CONTACT:
Alan Hughes
917-993-3842
[email protected]

SOURCE National Association of Investment Companies


These press releases may also interest you

at 18:24
Federal Budget 2024: United Brotherhood of Carpenters welcomes federal emphasis on housing and continued support for apprenticeship training but looks for increased efforts to combat tax fraud in the construction industry
The availability of safe and affordable housing is essential. Carpenters and other construction workers are key to building houses and Canada needs many diverse and well-trained tradespersons to address the national housing crisis. The United...

at 18:15
The Climate Trust Partners with Burnett County, WI to Develop Carbon Project on 95,000 Acres of Forestland
The Climate Trust (TCT), Oregon-based nonprofit leader in carbon offset project finance and development, has recently partnered with Burnett County, Wisconsin to develop a carbon project including 95,000 acres of forestland that has been entered into...

at 18:01
Aflac Incorporated Revises Time of First Quarter Webcast Teleconference to 7:00 a.m. (ET) on Thursday, May 2, 2024
Aflac Incorporated announced today that it has revised the time of its first quarter webcast teleconference call on Thursday, May 2, 2024 to 7:00 a.m. (ET), which is one hour earlier than the originally scheduled 8:00 a.m. start time, to avoid...

at 17:58
TD Bank Group Announces Election of Directors
TD Bank Group (TD) announced today that the nominees listed in the management proxy circular dated February 20, 2024 were elected as directors of TD.  The detailed results of the vote for the election of directors held at its Annual and Special...

at 17:57
Cohen & Steers Set to Join S&P SmallCap 600
Cohen & Steers Inc. will replace Kaman Corp. in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, April 23. Arcline Investment Management LP is acquiring Kaman in a deal expected to close on April 19, pending final closing...

at 17:37
Big Lots Boosts Liquidity, Adds Borrowing Capacity with New Term Loan Facility
Big Lots, Inc. , America's Discount Home Store, announced today it has increased its borrowing capacity by up to $200 million with a new "first in, last out" term loan facility (the "FILO Term Loan Facility") through 1903P Loan Agent, LLC, an...

More news about Business...


News published on and distributed by: