Institutional Investors

Public pensions take interest in minority managers


The appetite for women and minority owned hedge funds appears to be growing and the potential assets at play are estimated to eventually top $378 billion, according to an industry survey from Barclays Capital.

The number of women and minority owned hedge funds remains small, representing only 3.3% of hedge funds, the survey says. These figures follow an increase in the number of minority and women owned hedge fund launches from 2006 through 2008. In the last two years the number of launches has retrenched, probably due to the economic meltdown, according to Barclays.

While “affirmative investing” has