How does Progress define 'Emerging Managers'?
Progress defines “emerging manager” as a registered investment advisor that has at least 51% employee ownership and $2 billion or less in assets under management at the time of the initial evaluation. For inclusion in the Progress proprietary database, we use these criteria for all managers, regardless of ownership type. Consistent with our founding focus, we also include all women- and minority-owned investment advisors regardless of size. More recently, we have expanded our focus to include emerging products from some of our more established emerging firms.
Emerging investment firms tend to be companies where investment performance takes precedence over asset-gathering, where niche or innovative investment strategies are designed to capture unrecognized market inefficiencies, and where people are highly motivated to succeed through ownership structures representing financial incentives as well as the psychological incentives of working within an entrepreneurial culture. Emerging firms frequently are still emerging precisely because they emphasize performance over asset-gathering - in fact, the very reasons why these companies offer significant potential often are the same reasons why they have not yet been discovered.
Does Progress fund only minority- and women-owned (MWBE) investment firms?
Progress defines “emerging manager” as a registered investment advisor that has at least 51% employee ownership and $2 billion or less in assets under management at the time of the initial evaluation. For inclusion in the Progress proprietary database, we use these criteria for all managers, regardless of ownership type. Consistent with our founding focus, we also include all women- and minority-owned investment advisors regardless of size. More recently, we have expanded our focus to include emerging products from some of our more established emerging firms.
Emerging investment firms tend to be companies where investment performance takes precedence over asset-gathering, where niche or innovative investment strategies are designed to capture unrecognized market inefficiencies, and where people are highly motivated to succeed through ownership structures representing financial incentives as well as the psychological incentives of working within an entrepreneurial culture. Emerging firms frequently are still emerging precisely because they emphasize performance over asset-gathering - in fact, the very reasons why these companies offer significant potential often are the same reasons why they have not yet been discovered.
Does Progress fund emerging investment managers outside the U.S.?
Progress defines “emerging manager” as a registered investment advisor that has at least 51% employee ownership and $2 billion or less in assets under management at the time of the initial evaluation. For inclusion in the Progress proprietary database, we use these criteria for all managers, regardless of ownership type. Consistent with our founding focus, we also include all women- and minority-owned investment advisors regardless of size. More recently, we have expanded our focus to include emerging products from some of our more established emerging firms.
Emerging investment firms tend to be companies where investment performance takes precedence over asset-gathering, where niche or innovative investment strategies are designed to capture unrecognized market inefficiencies, and where people are highly motivated to succeed through ownership structures representing financial incentives as well as the psychological incentives of working within an entrepreneurial culture. Emerging firms frequently are still emerging precisely because they emphasize performance over asset-gathering - in fact, the very reasons why these companies offer significant potential often are the same reasons why they have not yet been discovered.
What performance advantage have emerging managers succeeded in generating? Is there a performance advantage across asset classes, or do emerging managers perform better in some asset classes than others?
Progress defines “emerging manager” as a registered investment advisor that has at least 51% employee ownership and $2 billion or less in assets under management at the time of the initial evaluation. For inclusion in the Progress proprietary database, we use these criteria for all managers, regardless of ownership type. Consistent with our founding focus, we also include all women- and minority-owned investment advisors regardless of size. More recently, we have expanded our focus to include emerging products from some of our more established emerging firms.
Emerging investment firms tend to be companies where investment performance takes precedence over asset-gathering, where niche or innovative investment strategies are designed to capture unrecognized market inefficiencies, and where people are highly motivated to succeed through ownership structures representing financial incentives as well as the psychological incentives of working within an entrepreneurial culture. Emerging firms frequently are still emerging precisely because they emphasize performance over asset-gathering - in fact, the very reasons why these companies offer significant potential often are the same reasons why they have not yet been discovered.
What kind of information advantage — i.e., competitive edge that translates into superior returns — do emerging firms offer investors?
Progress defines “emerging manager” as a registered investment advisor that has at least 51% employee ownership and $2 billion or less in assets under management at the time of the initial evaluation. For inclusion in the Progress proprietary database, we use these criteria for all managers, regardless of ownership type. Consistent with our founding focus, we also include all women- and minority-owned investment advisors regardless of size. More recently, we have expanded our focus to include emerging products from some of our more established emerging firms.
Emerging investment firms tend to be companies where investment performance takes precedence over asset-gathering, where niche or innovative investment strategies are designed to capture unrecognized market inefficiencies, and where people are highly motivated to succeed through ownership structures representing financial incentives as well as the psychological incentives of working within an entrepreneurial culture. Emerging firms frequently are still emerging precisely because they emphasize performance over asset-gathering - in fact, the very reasons why these companies offer significant potential often are the same reasons why they have not yet been discovered.
Why can't we, as a large plan sponsor, invest directly in emerging managers? What advantages does Progress bring to the process of investing in emerging firms?
Progress defines “emerging manager” as a registered investment advisor that has at least 51% employee ownership and $2 billion or less in assets under management at the time of the initial evaluation. For inclusion in the Progress proprietary database, we use these criteria for all managers, regardless of ownership type. Consistent with our founding focus, we also include all women- and minority-owned investment advisors regardless of size. More recently, we have expanded our focus to include emerging products from some of our more established emerging firms.
Emerging investment firms tend to be companies where investment performance takes precedence over asset-gathering, where niche or innovative investment strategies are designed to capture unrecognized market inefficiencies, and where people are highly motivated to succeed through ownership structures representing financial incentives as well as the psychological incentives of working within an entrepreneurial culture. Emerging firms frequently are still emerging precisely because they emphasize performance over asset-gathering - in fact, the very reasons why these companies offer significant potential often are the same reasons why they have not yet been discovered.
Describe Progress' approach to identifying emerging manager business risks. What are the warning signs, and how do you prevent your clients from losing money?
Progress defines “emerging manager” as a registered investment advisor that has at least 51% employee ownership and $2 billion or less in assets under management at the time of the initial evaluation. For inclusion in the Progress proprietary database, we use these criteria for all managers, regardless of ownership type. Consistent with our founding focus, we also include all women- and minority-owned investment advisors regardless of size. More recently, we have expanded our focus to include emerging products from some of our more established emerging firms.
Emerging investment firms tend to be companies where investment performance takes precedence over asset-gathering, where niche or innovative investment strategies are designed to capture unrecognized market inefficiencies, and where people are highly motivated to succeed through ownership structures representing financial incentives as well as the psychological incentives of working within an entrepreneurial culture. Emerging firms frequently are still emerging precisely because they emphasize performance over asset-gathering - in fact, the very reasons why these companies offer significant potential often are the same reasons why they have not yet been discovered.
Can Progress meet the requirements of a socially responsible investment mandate?
Progress defines “emerging manager” as a registered investment advisor that has at least 51% employee ownership and $2 billion or less in assets under management at the time of the initial evaluation. For inclusion in the Progress proprietary database, we use these criteria for all managers, regardless of ownership type. Consistent with our founding focus, we also include all women- and minority-owned investment advisors regardless of size. More recently, we have expanded our focus to include emerging products from some of our more established emerging firms.
Emerging investment firms tend to be companies where investment performance takes precedence over asset-gathering, where niche or innovative investment strategies are designed to capture unrecognized market inefficiencies, and where people are highly motivated to succeed through ownership structures representing financial incentives as well as the psychological incentives of working within an entrepreneurial culture. Emerging firms frequently are still emerging precisely because they emphasize performance over asset-gathering - in fact, the very reasons why these companies offer significant potential often are the same reasons why they have not yet been discovered.