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In this newsletter:

🎂 Happy Birthday to TIDE

👤 Jianhua Peng of IMF added to the TIDE Advisory Board

🎟️ Last Chance for Early-Bird

📜 Maryland Codifies Emerging Manager Program in Investment Policy

📰 Featured DEI Article in P&I co-written by Yours Truly

🇪🇸 TIDE Barcelona

💜 TIDE Foundation Update

🦄 Grace Travel Updates & New Newsletter

Happy New Year to you and Happy Birthday to TIDE!

Five years ago I launched TIDE…

I emailed the deck to Pranjul Srivastava, Constance Sng, and Tingting Peng.

Within minutes, Tingting emailed back around 5 AM and said she would support it.

A few minutes later, Constance responded and said she would also support.

An hour goes by and no response from PJ.

Then two hours…nothing.

But then a few minutes after 7 AM, PJ finally responds - he’s in!

It’s still a mystery what PJ was doing between 5 AM and 7 AM. 😜

But it’s no mystery that TIDE couldn’t have done it without the early support of PJ, Constance, Tingting, and many others who continue to support us year after year.

A wholehearted thank you to everyone who has been part of our amazing journey. We look forward to celebrating our Fifth Anniversary with you at TIDE SPARK 2025.

Cheers! 🥂🍾

New Appointment ✨

We are excited to announce the appointment of Jianhua Peng to our advisory board.

Jianhua (Jim) is a senior investment officer of the International Monetary Fund with more than 15 years of investment experiences in portfolio management, investment performance and risk management. He also has five years of ESG investment experience. Jianhua Peng holds the master degree of Information System from George Mason University. He also holds a certificate of sustainable investing from Harvard Business School.

🎁 A Gift From TIDE

We recently sold out of our early-bird tickets but fear not as we have increased our allocation by a limited number. It's your last chance to purchase tickets at $3,999 before the price goes up to $4,999. Early-Bird ends January 15th. Register now.

Maryland State Retirement and Pension System codifies emerging manager program into investment policy

The Maryland State Retirement and Pension System has officially incorporated its long-running Emerging Manager Program into its investment policy, reinforcing its commitment to fostering diversity in asset management.

“A program this large and of this duration should be included in the investment policy manual,” Chief Investment Officer Andrew Palmer stated in a Nov. 19 memorandum to the board.

Maryland Treasurer and Board Chair Dereck Davis emphasized the significance of the move: “This decision reflects our unwavering commitment to ensuring that small and diverse asset management firms play a lasting and impactful role in managing the state’s retirement portfolio. It drives value for our beneficiaries while fostering greater equity within the investment landscape.”

Executive Director Martin Noven highlighted the unique advantages the program provides: “Our long-standing commitment to diversity represents the best of both worlds. We gain access to unique investment opportunities with insightful, emerging managers who might otherwise be overlooked, while cultivating the next generation of investors.”

For more insights, read the full article on Pensions & Investments: Maryland State Retirement codifies emerging manager program into investment policy.

Time for a more inclusive definition of diversity — why we should leverage socioeconomic data in hiring decision-making

Yours truly and Tom Brigandi, CFA was featured on P&I as we make the case for why the financial services industry should broaden its standard DEI metrics and how to do so.

The article explains how the Pell grant status as well as first generation college status could be adopted to broaden existing standard DEI metrics.

Should we adopt these metrics within the hiring process? Let me know your thoughts!

Click on this link to access the full article.

🇪🇸 TIDE Barcelona

TIDE Barcelona is locked and loaded!

Date: 24 April 2025

Location: W Hotel | Barcelona, Spain - Discounted Room Blocks for €315/night only for registered attendees

Registration: TIDE Barcelona – Grab your discounted early-bird ticket before it's gone!

Representative Attendees: This is our guestlist from our prior European event. We expect a similar turnout for the Barcelona pop-up.

Agenda: Tentative Agenda

If you’d like exposure at TIDE Barcelona, please email kim@tidexchange.com to explore the sponsorship opportunities.

TIDE Foundation Update

We are kicking off the year strong with a structured mentorship initiative as part of our ongoing efforts to provide educational resources and access to opportunity to the next generation of finance professionals. The objective is to empower non-target finance students by equipping them with the necessary skills and insights to pursue careers in finance, opening doors to new opportunities.

A wholehearted thank you to our mentors for sharing their time and knowledge: 

Daniel Kylander, Church Commissioners

David Fann, VSS

Doug MacBean, Caltech

Fernanda Rice, UTIMCO

Long Pham, Vietnam Finance Society

Marina Balobanova, CalPERS

Sean Legister, BDT & MSD Partners

Tyler Mull, CalPERS

Stay tuned for more information about our Future Leaders initiative which will sponsor up to 65 students to attend the fifth anniversary of TIDE SPARK and take part in a crash course on institutional investments.

To get involved with the TIDE Foundation, please email kim@tidexchange.com. Click this link to subscribe to the TIDE Foundation newsletter.

Serendipity

Below is my upcoming travel schedule. My schedule is pretty much set. However, if by chance you're in the area or attending any of the events below, please feel free to email me and let me know. ☺️

Japan Trip

Long Overdue

Catching up Trang T. Nguyen (co-founder of Transpose Platform & advisor to Trusted Insight). I've known Trang since her time as an allocator at Sutter Health.

New York Trip

50k Views

Usually, my popular posts are selfies with allocators. But the most viewed post last month was with Stephen Salyer.

Check it out: The Polo Bar.

📍New York Stock Exchange

The best Roundtables are the ones with the best LPs. 😉

Featuring Abigail Kahn Archibald of The Andrew Mellon Foundation with a focus on PE & VC, The Investment Diversity Exchange (TIDE) co-hosted a roundtable at the amazing 100 Women In Finance 10yrs Anniversary FundWomen Celebration at the NYSE.

Special shout out to Sarah Finley and the 100WF for the invite to be part of this event and congrats!!! 🎉🍾🎊

Ripple of Hope

TIDE were honoured to represent at the 2024 Ripple of Hope Award Gala which took place December 11 in NYC.

Each year, the Robert F. Kennedy Human Rights Ripple of Hope Award honors exemplary leaders across government, business, advocacy, and entertainment who have demonstrated an unwavering commitment to social change and worked to protect and advance equity, justice, and human rights.

This year’s laureates were:

Susan Clark Livingston

Lin-Manuel Miranda

Antonio Neri

John W. Rogers, Jr.

Tom Wilson

📸 Greg Kaufmann

Tom Brigandi 12th Annual Holiday Reception

This event received over 1,000 requests, but only 300 lucky people got to attend. I was one of the featured speakers. 😊

In Impax Asset Management's 2025 Outlook, insights from their Listed Equities, Fixed Income, and Private Markets teams shed light on the upcoming year. Key points from the outlook include:

- Global markets in 2025 are anticipated to benefit from various factors, with a focus on a resilient US economy.

- Following a phase of significant market concentration, a shift towards underappreciated stocks with strong business models and attractive valuations is expected.

- The global equities perspective emphasizes four thematic opportunities for 2025 and beyond: chip-making equipment manufacturers, digital grid infrastructure, life science instruments, and reinsurers.

- Favorable corporate fundamentals and the growth potential of the US economy offer a promising landscape for credit markets.

- The ongoing shift towards a more sustainable economy is supported by structural drivers, with some trends even gaining momentum.

For further insights, the complete outlook can be found at https://lnkd.in/eDj_TUDb.

New Year New Role 🚨

CalSTRS are currently hiring the following positions:

📌 Portfolio manager to join their global equities division

📌 DEI HR manager

📌 Investment manager to join their investment operations team

🔂 LaShae Badelita

SuperReturn Saudi Arabia

Riyadh, Saudi Arabia | January 27-28

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NYSIF encourages participation by New York State Minority- and Women-Owned Business Enterprises (MWBE) in its procurement projects. NYSIF is committed to achieving the statewide goal of increasing opportunities for MWBEs and helping these businesses thrive. NYSIF has established an MWBE participation goal of at least 30 percent for all NYSIF contracts, and has exceeded this goal for the last several years.

Kicking off Emerging Manager Week in conjunction with New York State Teachers Retirement System, New York City Retirement Systems, and The New York State Common Retirement Fund.

The Teacher Retirement System of Texas (TRS) and Employees Retirement System of Texas (ERS) will host the 20th annual Emerging Manager Conference.

TRS and ERS will host Emerging Managers from across all asset classes along with Public and Corporate Pensions, Endowments and Foundations, Asset Allocators, and Consultants featured in 'The Allocator Hall', giving GPs direct access to asset allocators.

The Annual Diverse & Emerging Managers Investment Conference

Wednesday, February 12, 2025

Convene Brookfield Place

225 Liberty Street, New York, NY 10006

Ps. TIDE was honored to feature NYC’s CIO Steven Meier, CFA, FRM & Taffi Ayodele at our highly sought-after inaugural TIDE NYC event!

Seat at the Table

The Minority- and Women-Owned Business Enterprises (MWBE) Investments and Professional Services Conference is designed to acquaint potential asset managers and brokers, and professional and financial service providers, with the New York State Teachers' Retirement System (NYSTRS).

Attendees will learn about NYSTRS’ portfolio and investment needs while also gaining greater insight into the qualifications the System expects of its business partners and our initiatives.

This year’s conference theme, “A Seat at the Table,” celebrates the critical role of diversity, equity and inclusion in NYSTRS’ vision of pension fund excellence and reflects their commitment to access and opportunity. Attendees will have the opportunity to meet and connect with NYSTRS managing directors of each asset class – fixed income, private equity, public equities (asset managers and brokers) and real estate, as well as members of their investment teams and business partners.

NYS Common Retirement Fund EM & MWBE Conference

Albany, NY | February 14

The NEW YORK STATE COMMON RETIREMENT FUND will host their 18th Annual Emerging Manager & MWBE Conference on Friday, February ​14, 2025, in Albany, NY.

Join Comptroller DiNapoli, the Emerging Manager Team and the rest of the Investment staff for a day of networking and discussion of how the program is “Innovating & Building for the Future.”

Registration opens early December.

TIDE Barcelona

Barcelona, Spain | April 24

Experience our pop-up event - International Edition! Featuring North American and European LPs, TIDE Barcelona is an event you don't want to miss.

TIDE SPARK 2025 - Stage 1 Tickets Now Available

Dana Point, CA | July 9-10

Pre-Sale tickets sold out. Early-Bird tickets sold out but we've add more tickets. Price will go up January 15th and will never be this low again! 😲

Interested in sponsoring TIDE's events?

E-mail kim@tidexchange.com for our exclusive sponsorship deck.