Toigo In The News
Here’s a look at Toigo Fellows and the Foundation—and how we’re making news. As a partner to industry, Toigo is consistently sought to offer valuable insights into issues relating to diversity, graduate business school education, and helping firms keep an eye to long-term strategic diversity goals.
To view the full articles, please visit the publications website and search on the article title.
Some financial firms tackle diversity gap head-on, say they can’t afford not to
By Alexia Elejalde-Ruiz | Chicago Tribune | July 2016 – Natasha Granholm was a student at Robert Morris College when she got an unlikely foot in the door at PricewaterhouseCoopers.
The accounting giant, which didn’t typically recruit at Robert Morris, had asked the school for help finding candidates to fill copy room positions, and Granholm, a top accounting student, was encouraged to apply.
She told the interviewer she’d prefer a job that used her accounting skills. Her moxie paid off.
When she returned home to Aurora that evening, she found a package, delivered by a courier, with an offer for a full-time client internship at PwC.
2015 / In the News
Voice of Experience: Seble Tareke-Williams; Managing Director, NYC Interborough Fund; Emmes Asset Management Company LLC
By Cathie Ericson | The Glass Hammer | August 2015 – Seble Tareke-Williams describes her professional path as nontraditional, but each step has been vital to creating her current career, which combines her real estate investing acumen with her passion for community development.
Illinois TRS turns to Toigo to find minority interns
By Christine Williamson | Pensions & Investments | July 13, 2015 – Taking a page from the playbook of its participants, the Teachers’ Retirement System of the State of Illinois, Springfield, has turned to education as a means of increasing the diversity of its investment staff. Frustrated by the difficulty of attracting experienced minority investment professionals to TRS’ headquarters in central Illinois, Richard W. Ingram, executive director of the $50 billion pension fund, turned for help to The Robert Toigo Foundation, Oakland, Calif.
Matarin’s journey a chronicle of promiset
By Christine Williamson | Pensions & Investments | February 23, 2015 – Matarin Capital Management LLC is something of a quintessential woman-owned emerging manager: The investment team’s pedigree is good, the three-year track record of the firm’s main investment strategy is good, and money is trickling in rather than rushing in.
Toigo Alumna Valerie Villarreal (Stanford 2012) appointed to LACERA Board of Retirement
Lacera | 2015 – Ms. Villarreal was appointed to LACERA’s Board of Investments by the L.A. County Board of Supervisors. To her position on the Board, she brings private sector experience as a management consultant and business leader. Ms. Villarreal has served clients in high tech, media, and consumer industries on strategic and financial issues.
Toigo Alumna and Board Member, Leslie D. Hale (Harvard ‘01) Joins Macy’s, Inc. Board of Directors
Macy’s, Inc. | Cincinnati (Business Wire) | January 13, 2015 – Leslie D. Hale, executive vice president, chief financial officer and treasurer of RLJ Lodging Trust, has been elected to the Macy’s, Inc. (NYSE:M) board of directors.
“Leslie Hale is an accomplished executive with exceptional experience in a wide range of financial disciplines, including corporate finance, treasury, real estate and business development. She will be a tremendous asset to our board’s deliberations as we develop strategies to propel our company’s continued growth,” said Terry J. Lundgren, Macy’s, Inc. chairman and chief executive officer.
2014 / In the News
Chicago Teachers Pension CIO Moves to Kellogg Foundation
By Sage Um | November 7, 2014 – Carmen Heredia-Lopez, current CIO of Chicago Teachers Pension Fund, has been tapped to lead the W.K. Kellogg Foundation’s $8.3 billion portfolio.
According to the foundation, Heredia-Lopez will begin her post on December 1, 2014. As director of investments, she will report to Vice President and CIO Joel Wittenberg.
Companies pursue partnerships to achieve talent-pool diversity
By Vicki Salemi, U.S. News & World Report / On Careers blog | October 8, 2014 – Bank of America has partnerships with the Toigo Foundation and other organizations, as well as a dozen colleges and universities, to enhance its diversity-recruiting efforts. A range of companies are forming similar partnerships and seeking to increase their exposure to a diverse field of MBA students, as well.
By Leanna Orr | September 17, 2014 – It’s a classic story. Sháka Rasheed grew up in inner city Miami—tough neighborhood, violent city, single mother. Both his cousin and good friend were shot while he was in middle school. There is a well-trodden path for young black men in poor urban America. Rasheed was on it. But then in seventh grade, Mr. Johnson, his science teacher, pulled him aside one day after class. “You are making excellent grades in spite of yourself,” the teacher told him. It was enough. Five years later, Rasheed graduated high school with high honors, president of the class of 1989. Morehouse College followed, and later, Harvard Business School. He’s now a managing director and head alternatives at Lazard Asset Management.
The Magic of Mentorship
PREA Quarterly | April 25, 2014 – Whether entering the business world, ascending the ladder, or capping a successful career, everyone benefits from mentoring. Organizations now increasingly focus on the strategic value of mentoring for nurturing and retaining effective professionals and on what makes successful mentoring relationships.
Teacher Retirement System of Texas releases emerging managers best practices study
By Jason Lamin | 2014 – A study commissioned by the Teacher Retirement System of Texas examines best practices for emerging manager programs based on input from 19 pension plans. The Teacher Retirement System is a recipient of the Robert Toigo Foundation Innovative Leadership Award.
Toigo Foundation Names Two of its Alumni Entrepreneurs as its 2014 Bridge to Business Award Recipients
Oakland, CA | March 3, 2014 – The Toigo Institute for Leadership Excellence Advancement and Diversity (I-LEAD) today announced two $100,000 award recipients of the non-profit’s Bridge to Business Initiative, a program aimed at supporting the successful launch and growth of Toigo Alumni-owned finance businesses. The Bridge to Business award recipients—Allan Boomer of Momentum Advisors and Ralph Taylor-Smith of Tech Strategic Capital Partners—were chosen for their distinctive business model, team cohesion and growth potential.
The Toigo Foundation: Taking Steps to Diversify the Financial Services Industry
By Kerry Jordan | February 6th, 2014 — “No one who makes it does so alone.” This assertion by Dr. Stacy Blake-Beard, Professor of Management at the Simmons School of Management, was recently made at the Toigo Foundation’s third-annual Groundbreakers Women in Leadership Summit on December 5. In those eight words, Blake-Beard encapsulated so much of what Toigo is about as an organization.
2013 / In the News
Ontario Teachers’ Pushes for Three-Woman Minimum on Boards
By Sage Um | October 09, 2013 – Ontario Teachers’ Pension Plan has proposed that all TSX-listed companies appoint a minimum of three women directors to boards.
In response to a paper filed by the Ontario Securities Commission (OSC) regarding women in senior management positions in Canadian companies, the $125 billion fund said companies should be required to ensure their boards’ gender diversity or be sanctioned for non-compliance.
CIO Profile: Switching Up the Status Quo in Chicago
By Leanna Orr | September 27, 2013 – If Chicago’s public teacher pension plan were a hedge fund, it would be in the vein of Third Point or Perishing Square.
Where Dan Loeb and Bill Ackman strong-arm corporations as activist investors, Chicago Teachers’ leans on school systems as an activist creditor. For some public retirement funds, employer contributions roll in as promised, in full, and on time. For other pension plans, inflows require a bit of shaking loose.
Trailblazers Discuss Business Diversity at Consortium 2013
By Melissa J. Anderson (New York City) | June 7, 2013 – Yesterday, hundreds of institutional investors and small and diverse fund managers converged at Consortium 2013, for networking, career development, and discussion around the future of the industry.
How to Score MBA Scholarships
By Francesca Di Meglio | June 5, 2013 – Most people know all about undergrad scholarships, but they don’t realize that there are merit-based scholarships for MBA applicants, too—and they are not as hard to get as you might imagine. Here are some tips from the experts on how to snag some scholarship scratch.
The Toigo Foundation | Private Equity MBA Graduate Fellowship
Private Equity Growth Council Newsletter | May 20, 2013 – Nearly half of Toigo’s incoming MBA Fellows (Class of 2015) express a desire to work in private equity—a reflection of the growing interest in the sector among young professionals. Yet, with many PE firms “growing talent” by promoting from within and only a few hiring MBAs, the opportunities for an MBA to launch a private equity career are extremely rare.