Meketa to Hold 15th Emerging Manager Conference in October

The event will be among several conferences held in 2024 that focus on emerging and diverse managers.




Meketa Investment Group is planning its 15th Public and Private Markets Emerging and Diverse Manager Research Day on October 30. The investment consultant and fiduciary management firm, which holds the virtual event every six months, created the conference to increase its relationships with emerging, minority-owned, women-owned and disabled-owned business enterprise investment managers.

To qualify for the conference, public markets’ firms must be majority owned by employees; must have less than $2 billion in assets under management; and must have never exceeded $5 billion in assets under management at any time. Companies seeking to join the conference also cannot have been operating for more than 10 years.

Within private markets, Meketa defines emerging managers as firms trying to raise their first, second or third funds and considers diverse managers to be firms majority owned by women, minorities or people with a disability. Meketa does not set minimums for MWDBE firms in AUM or how long they have been in business.

Participating managers will meet virtually with a Meketa research associate, analyst and/or consultant to introduce their firm and discuss relevant investment strategies. Managers meeting Meketa must not have met with the firm’s research team in the past two years to be eligible to participate.

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According to Meketa, the last emerging and diverse manager research event, held in April, drew than 60 managers.

The October conference will add to the growing list of emerging manager conferences held in 2024, which include those hosted by the New York State Common Retirement Fund, the Employees Retirement System of Texas and the Teacher Retirement System of Texas.

There is no cost to attend the event, and qualifying firms must register by Sept. 25.


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Arkansas Public Employees’ Retirement System Returns 10.42% in Fiscal 2024

The assets of APERS grew to $11.479 billion.



Investment staff of the Arkansas Public Employees’ Retirement System at the fund’s
Wednesday board meeting shared investment results for the fund, which returned 10.42% in fiscal 2024, underperforming its 11.32% benchmark. 

Assets of the fund rose to $11.479 billion at the end of the one-year period that ended June 30. In the fiscal year, assets grew by $1.08 billion, and in the second quarter of calendar 2024, they grew by $111 million.  

The fund allocates 39.6% of its portfolio to domestic equities, 24.6% to international equities, 17.3% to fixed income and 3.4% to private markets, a new asset class to the fund, which began allocating to private equity in 2023. Real assets make up 14.1% of the portfolio, while cash makes up 1%. 

Over the past three, five, 10 and 20 years, the fund has returned an annualized 2.44%, 7.65%, 6.90% and 7.39%, respectively, underperforming its benchmark in all periods except for the annualized 20-year returns.  

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In the last fiscal year, domestic equities were the best-performing asset class in the APERS portfolio, returning 18.49%. The fund’s private markets portfolio, comprised of private equity and hedge funds, returned 24.56%. Fixed income returned 5.48%, while real assets returned negative 6.38%. Cash returned 5.09%. 

APERS manages the assets of the Employees Retirement System, as well as the Arkansas Judicial Retirement System, the Arkansas State Police Retirement System and the Arkansas District Judges Retirement System, along with several closed local plans. The plan has more than 75,000 beneficiaries.  

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STRS Ohio Returns 10.53% in Fiscal 2024 

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Rhode Island Pension Returns 10.47% in Fiscal 2024 

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