Progress Investment Management Company, LLC (“Progress”) announced late last year to its clients, employees and sub-managers that the firm’s senior leadership has made a strategic business decision to wind down the firm’s operations toward a mid-year 2020 closing. Progress is an SEC-registered investment adviser and multi-manager specialist. The 100% employee- and minority-owned firm manages assets for many of the largest pension funds and foundations in a variety of public markets investment strategies. 

With the impending closure of Progress Investment Management Company, the firm's Chairman and CEO Thurman White shares his thoughts on the evolution of Progress, the impact it made on the emerging manager industry, and his own legacy. 

Pat Gerrick, Chief Investment Officer, spoke at the UAW Retiree Medical Benefits Trust's Diverse and Emerging Manager Forum, which was held October 17 in Detroit, MI. 

Mona Williams, President, spoke at the NCTR Conference, which was held October 12-15 in Nashville, TN.

Thurman V. White, Jr., Chairman and CEO, spoke on the landscape of opportunities from emerging managers at Morgan Stanley’s 5th Annual Investing with Impact Directors Gathering, which took place July 15-16 in New York, NY. This annual meeting convened Morgan Stanley’s Investing with Impact Directors – top caliber Graystone Institutional Consultants, Private Wealth Management and Financial Advisors from across the country who are leaders in integrating sustainable and impact investing into their practices for a day and a half of learning, innovating and networking. This year’s theme was Innovation into Growth. The event featured the most cutting edge work taking place both inside and outside of Morgan Stanley on sustainable and impact investing.

Pat Gerrick, Chief Investment Officer, spoke as part of the Diversity Broker-Dealer and Asset Management Coalition RoundTable Discussion at the Rainbow PUSH Coalition event on July 2 in Chicago, IL.

Mona Williams, President, spoke at the NASP Conference, which was held June 23-26 in Baltimore, MD.

Progress was one of the sponsors of the "Breaking Barriers - Building Bonds" Summit held on June 10 in Sunnyvale, CA. The Summit was a first-of-its-kind opportunity for over 150 representatives from Black-Led Organizations (BLOs) across six Bay Area counties (Alameda, Contra Costa, Marin, San Francisco, San Mateo, and Santa Clara) to network, learn from, and be inspired by dynamic speakers and facilitators. Representatives also had the opportunity to connect with funders committed to supporting the sustainability and sense of community of Bay Area BLOs.

Mona Williams, President, spoke at the AIMA Emerging Manager Forum on May 14 in New York City, NY.