Diverse Manager Searches – Systematic Trend Following & Alternative Risk Premia
PCA is in the process of identifying diverse investment management organizations who manage (or could manage) Systematic Trend Following and Alternative Risk Premia strategies on behalf of institutional investors. There is no mandate explicitly tied to this RFI, however, PCA is seeking to gather information on diverse firms for future client allocations. For the purposes of this RFI, “diversity” pertains to both diverse-owned and diverse-operated entities:
- A “diverse-owned” manager is an employee-owned manager with at least 50% of the ownership interests being held by minorities, women, persons with disabilities, veterans, or any combination thereof.
- A “diverse-operated” manager has a workforce or relevant investment team comprised of at least 33 1/3% minorities, women, persons with disabilities, veterans, or any combination thereof. PCA believes that the composition of a manager’s investment team is an often-overlooked element of these programs and can be considered equally as important as the composition of its ownership group.
- PCA’s definition of minority includes members of the following ethnic/cultural groups: Black/African ancestry, Latino/Hispanic of any race, Asian/Asian ancestry, Native American, and other (including people of mixed race).