The W.K. Kellogg Foundation (“Kellogg Foundation”) has announced a newly formed partnership with Progress Investment Management Company LLC (“Progress”) to support and cultivate smaller, entrepreneurial, high-potential investment management companies. Under the terms of the partnership, the Kellogg Foundation will establish up to a $100 million diversified portfolio of emerging fixed income and equity managers to be managed by Progress.The program’s goal will be to generate positive, market rate returns for the Foundation while providing entrepreneurs in the investment industry with the resources they need to build their businesses, thereby helping further the Foundation’s commitment to engender success and to support communities across the country.
The full article is on :
http://www.hedgetracker.com/article/WK-Kellogg-Foundation-Launches-100-Million-Emerging-Manager-Program
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment