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Commonfund’s Investments with Diverse Managers Continue to Grow

December 19, 2024 |
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Commonfund’s Investments with Diverse Managers Continue to Grow
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Commonfund continues to build exposure to diverse managers1 as a source of return and diversification for our clients. In 2024, we closed the year with allocations to 50 different diverse managers, up from 44 at the end of 2023, with representation in every asset class in which we invest.

These managers comprise over 12 percent of our assets. Diverse managers are subject to the same rigorous due diligence process as all Commonfund managers, and it is a testament to their talent, skill and alpha generation that 98 percent of the diverse manager assets are in commingled portfolios, where they have a significant impact on the largest number of client portfolios.

CHT-Diverse-Managers-Asset

 

When looking at the ethnic distribution of our diverse managers, 31 percent of the assets are invested with African Americans, 22 percent with those representing two or more races, and 30 percent with those of Asian descent. White women have 11 percent of these assets and Latinos 4 percent. From a gender perspective, 26 percent of our diverse assets are managed by African American women, and 48 percent are invested with women-of-color more broadly. Our investment teams remain committed to identifying and employing investment talent wherever it resides.  

Diversity Breakdown of Commonfund Diverse Managers1
Summary   Numbers in % NAV1 AUM in %
Black/African American 12 24 1,078,584,373 31
Asian 15 30 1,059,341,277 30
Latinos/Hispanic 4 8 153,377,235 4
2+ Races 3 6 769,849,219 22
LGBTQ+ 1 2 52,135,237 1
White Women 15 30 397,326,706 11
Women of Color 7 14 1,701,009,024 48
Total 50   3,510,614,046  
Total Women 22 44 2,142,335,730 61

Join Our Universe of Managers We are looking for diverse investment talent investing in public and private equities, fixed income and credit, real estate and hedge funds.   

  1. Valuations as of September 30, 2024. Commonfund diverse managers are generally defined as investment firms with 25 percent or more diverse leaderships, as measured by ownership, profit participation or executive leadership, and 25 percent or more investment team diversity, which may include members of the leadership team. Diverse managers include women, Black/African American, Latinos/Hispanic, Asian, people of indigenous descent, veterans and people with disabilities and other diverse persons potentially not captured in these categories.
Caroline Greer

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Caroline Greer

Managing Director

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Disclaimer

Certain information contained herein has been obtained from or is based on third-party sources and, although believed to be reliable, has not been independently verified. Such information is as of the date indicated, if indicated, may not be complete, is subject to change and has not necessarily been updated. No representation or warranty, express or implied, is or will be given by The Common Fund for Nonprofit Organizations, any of its affiliates or any of its or their affiliates, trustees, directors, officers, employees or advisers (collectively referred to herein as “Commonfund”) or any other person as to the accuracy or completeness of the information in any third-party materials. Accordingly, Commonfund shall not be liable for any direct, indirect or consequential loss or damage suffered by any person as a result of relying on any statement in, or omission from, such third-party materials, and any such liability is expressly disclaimed.

All rights to the trademarks, copyrights, logos and other intellectual property listed herein belong to their respective owners and the use of such logos hereof does not imply an affiliation with, or endorsement by, the owners of such trademarks, copyrights, logos and other intellectual property.

To the extent views presented forecast market activity, they may be based on many factors in addition to those explicitly stated herein. Forecasts of experts inevitably differ. Views attributed to third-parties are presented to demonstrate the existence of points of view, not as a basis for recommendations or as investment advice. Market and investment views of third-parties presented herein do not necessarily reflect the views of Commonfund, any manager retained by Commonfund to manage any investments for Commonfund (each, a “Manager”) or any fund managed by any Commonfund entity (each, a “Fund”). Accordingly, the views presented herein may not be relied upon as an indication of trading intent on behalf of Commonfund, any Manager or any Fund.

Statements concerning Commonfund’s views of possible future outcomes in any investment asset class or market, or of possible future economic developments, are not intended, and should not be construed, as forecasts or predictions of the future investment performance of any Fund. Such statements are also not intended as recommendations by any Commonfund entity or any Commonfund employee to the recipient of the presentation. It is Commonfund’s policy that investment recommendations to its clients must be based on the investment objectives and risk tolerances of each individual client. All market outlook and similar statements are based upon information reasonably available as of the date of this presentation (unless an earlier date is stated with regard to particular information), and reasonably believed to be accurate by Commonfund. Commonfund disclaims any responsibility to provide the recipient of this presentation with updated or corrected information or statements. Past performance is not indicative of future results. For more information please refer to Important Disclosures.

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Disclaimer

Certain information contained herein has been obtained from or is based on third-party sources and, although believed to be reliable, has not been independently verified. Such information is as of the date indicated, if indicated, may not be complete, is subject to change and has not necessarily been updated. No representation or warranty, express or implied, is or will be given by The Common Fund for Nonprofit Organizations, any of its affiliates or any of its or their affiliates, trustees, directors, officers, employees or advisers (collectively referred to herein as “Commonfund”) or any other person as to the accuracy or completeness of the information in any third-party materials. Accordingly, Commonfund shall not be liable for any direct, indirect or consequential loss or damage suffered by any person as a result of relying on any statement in, or omission from, such third-party materials, and any such liability is expressly disclaimed.

All rights to the trademarks, copyrights, logos and other intellectual property listed herein belong to their respective owners and the use of such logos hereof does not imply an affiliation with, or endorsement by, the owners of such trademarks, copyrights, logos and other intellectual property.

To the extent views presented forecast market activity, they may be based on many factors in addition to those explicitly stated herein. Forecasts of experts inevitably differ. Views attributed to third-parties are presented to demonstrate the existence of points of view, not as a basis for recommendations or as investment advice. Market and investment views of third-parties presented herein do not necessarily reflect the views of Commonfund, any manager retained by Commonfund to manage any investments for Commonfund (each, a “Manager”) or any fund managed by any Commonfund entity (each, a “Fund”). Accordingly, the views presented herein may not be relied upon as an indication of trading intent on behalf of Commonfund, any Manager or any Fund.

Statements concerning Commonfund’s views of possible future outcomes in any investment asset class or market, or of possible future economic developments, are not intended, and should not be construed, as forecasts or predictions of the future investment performance of any Fund. Such statements are also not intended as recommendations by any Commonfund entity or any Commonfund employee to the recipient of the presentation. It is Commonfund’s policy that investment recommendations to its clients must be based on the investment objectives and risk tolerances of each individual client. All market outlook and similar statements are based upon information reasonably available as of the date of this presentation (unless an earlier date is stated with regard to particular information), and reasonably believed to be accurate by Commonfund. Commonfund disclaims any responsibility to provide the recipient of this presentation with updated or corrected information or statements. Past performance is not indicative of future results. For more information please refer to Important Disclosures.