Ariel Investments has launched a private asset management firm, Ariel Alternatives, whose mission is to help build sustainable minority-owned businesses.
Ariel Alternatives intends to invest in middle-market companies that are not currently minority owned and transform them into certified minority business enterprises, as well as investing in existing Black and Hispanic-owned businesses.
The goal, Ariel said in a release, is to position these companies as leading suppliers to Fortune 500 companies, thereby supporting supply chain diversity.
Ariel said that JPMorgan Chase & Co. has committed up to $200 million to be co-invested alongside what will be known as Project Black.
[More: Diversity among those developing financial products and services is crucial to full engagement]
Blue Anchor Capital Management and Pickett also purchased “highly aggressive and volatile” securities, according to the order.
Reshuffle provides strong indication of where the regulator's priorities now lie.
Goldman Sachs Asset Management report reveals sharpened focus on annuities.
Ahead of Father's Day, InvestmentNews speaks with Andrew Crowell.
Cerulli research finds nearly two-thirds of active retirement plan participants are unadvised, opening a potential engagement opportunity.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today’s choppy market waters, says Myles Lambert, Brighthouse Financial.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
