This HBCU is FIRST to mandate a minority manager for their endowment

[get these nets]

VUU Makes History with New Endowment Policy

Sep 21, 2021

​

The Virginia Union University Board of Trustees today announced the implementation of its revised Endowment Policy, which mandates 60% of its investment portfolio to be managed by minority-owned firms. This decision is the first of its kind making VUU the first HBCU to mandate that the majority of its endowment be managed by minority firms.
“The vote of VUU’s Board of Trustees is unprecedented. I commend their extraordinary vision to develop an investment strategy that will increase the financial strength of our beloved University,” said Dr. W. Franklyn Richardson, Chair of the VUU Board of Trustees. "It is important that the people who use their hard-earned resources to educate themselves and their families also be afforded the opportunity to steward investments at our university."

DR. HAKIM J LUCAS​

"This action ensures the university can attract and partner with the increased number of successful billion-dollar minority investment firms," said Dr. Hakim J. Lucas, President and CEO of Virginia Union University. "
We will show the success of this strategy and encourage other HBCUs to do the same."Confirmed by vote of the Board of Trustees, the partnership is the first of its kind in the community of Historically Black Colleges and Universities (HBCUs).

TRACY MAITLAND​

VUU's first strategic partnership is with global investment firm, Advent Capital.
Tracy Maitland, President of Advent Capital Management, echoed the significance of the alliance, stating " Advent is deeply honored for our long-term partnership with Virginia Union University. We thank Virginia Union for this close partnership and look forward to continuing to work together to foster the economic development of the university and the administration’s deep commitment to the economic empowerment and freedom of enterprise for all residents of the City of Richmond and the Commonwealth of Virginia.”


The Board’s decision is a beacon to the administrations’ commitment: Student Success, Academic Success, Entrepreneurial Enterprise, and Brand Prestige.



@Dorian Gray

 

[EBK String]

@Dorian Gray works for a white investment firm. He thinks he's too good for a black one.

 

[Groanman]

What does this personally mean for me?

 

[get these nets]

What does this personally mean for me?

You saw the title, and opted to read the thread. You tell me.

 

[invalid]

Advent Capital.
Tracy Maitland, President of Advent Capital Management

$11 billion in assets under management. Solid firm.

Great decision. Puts our money back in black hands and the move will make others more comfortable with investing with black money managers.

@Dorian Gray works for a white investment firm. He thinks he's too good for a black one.

The OP may have you on ignore because you’re such a pitiful poster. I don’t blame him.

 

[EBK String]

$11 billion in assets under management. Solid firm.

Great decision. Puts our money back in black hands and the move will make others more comfortable with investing with black money managers.



The OP may have you on ignore because you’re such a pitiful poster. I don’t blame him.

I love you my nikka

 

[Jimmy from Linkedin]

.

I love you my nikka

what the hell is up with yalls beef? I swore that yall were chopping it up in many of these threads and then another day yall were beefing in every thread?

 

[get these nets]

$11 billion in assets under management. Solid firm.

Great decision. Puts our money back in black hands and the move will make others more comfortable with investing with black money managers.

Yes. Great story and quietly prodding other Boards of Trustees to put their money where their mouths are.

The AMPBF files

Spoiler: Maitland's father

Raised in the Bronx, Maitland is the son of one of the surgeons at Harlem Hospital who operated on Dr. Martin Luther King Jr. when he was stabbed at a book signing celebrating his narrative of the Montgomery bus boycott. The operation saved King’s life, and Maitland’s father, Leo, eventually became chair of the surgery department at Harlem’s Sydenham Hospital on 125th Street and the doctor to celebrities including Miles Davis

 

[invalid]

I love you my nikka

what the hell is up with yalls beef? I swore that yall were chopping it up in many of these threads and then another day yall were beefing in every thread?

in the long run we have the same goals we just disagree on the method. he thinks that I c00n. i think he’s defeatist, mediocre, and has a victim mentality. our beef is like dubois vs. washington. i’m dubois, he’s washington.

 

[invalid]

Yes. Great story and quietly prodding other Boards of Trustees to put their money where their mouths are.

The AMPBF files

Spoiler: Maitland's father

Raised in the Bronx, Maitland is the son of one of the surgeons at Harlem Hospital who operated on Dr. Martin Luther King Jr. when he was stabbed at a book signing celebrating his narrative of the Montgomery bus boycott. The operation saved King’s life, and Maitland’s father, Leo, eventually became chair of the surgery department at Harlem’s Sydenham Hospital on 125th Street and the doctor to celebrities including Miles Davis

thanks for the drop on his father. i’ve come across the maitland name before. can’t think of the connection at the moment, it’ll come to me, although it wasn’t in relation to his father.

 

[Neuromancer]

Yes. Great story and quietly prodding other Boards of Trustees to put their money where their mouths are.

The AMPBF files

Spoiler: Maitland's father

Raised in the Bronx, Maitland is the son of one of the surgeons at Harlem Hospital who operated on Dr. Martin Luther King Jr. when he was stabbed at a book signing celebrating his narrative of the Montgomery bus boycott. The operation saved King’s life, and Maitland’s father, Leo, eventually became chair of the surgery department at Harlem’s Sydenham Hospital on 125th Street and the doctor to celebrities including Miles Davis

Fantastic.

 

[get these nets]

. i’m dubois, he’s washington.

Sure you picked the right side?

*just jokes

 

[EBK String]

in the long run we have the same goals we just disagree on the method. he thinks that I c00n. i think he’s defeatist, mediocre, and has a victim mentality. our beef is like dubois vs. washington. i’m dubois, he’s washington.

Dubois died disgraced in Ghana. Washington died a hero and his legacy continues to be enhanced by all the things he secretly funded to combat white supremacy.

 

[Problematic Pat]

VUU Makes History with New Endowment Policy

Sep 21, 2021

​

The Virginia Union University Board of Trustees today announced the implementation of its revised Endowment Policy, which mandates 60% of its investment portfolio to be managed by minority-owned firms. This decision is the first of its kind making VUU the first HBCU to mandate that the majority of its endowment be managed by minority firms.
“The vote of VUU’s Board of Trustees is unprecedented. I commend their extraordinary vision to develop an investment strategy that will increase the financial strength of our beloved University,” said Dr. W. Franklyn Richardson, Chair of the VUU Board of Trustees. "It is important that the people who use their hard-earned resources to educate themselves and their families also be afforded the opportunity to steward investments at our university."

DR. HAKIM J LUCAS​

"This action ensures the university can attract and partner with the increased number of successful billion-dollar minority investment firms," said Dr. Hakim J. Lucas, President and CEO of Virginia Union University. "
We will show the success of this strategy and encourage other HBCUs to do the same."Confirmed by vote of the Board of Trustees, the partnership is the first of its kind in the community of Historically Black Colleges and Universities (HBCUs).

TRACY MAITLAND​

VUU's first strategic partnership is with global investment firm, Advent Capital.
Tracy Maitland, President of Advent Capital Management, echoed the significance of the alliance, stating " Advent is deeply honored for our long-term partnership with Virginia Union University. We thank Virginia Union for this close partnership and look forward to continuing to work together to foster the economic development of the university and the administration’s deep commitment to the economic empowerment and freedom of enterprise for all residents of the City of Richmond and the Commonwealth of Virginia.”


The Board’s decision is a beacon to the administrations’ commitment: Student Success, Academic Success, Entrepreneurial Enterprise, and Brand Prestige.



@Dorian Gray

Investor calls Alexandria Ocasio-Cortez 'financially illiterate' for her role in Amazon deal | Daily Mail Online

 

[get these nets]

Investor calls Alexandria Ocasio-Cortez 'financially illiterate' for her role in Amazon deal | Daily Mail Online

???

AOC was the public face for one side , but capitalists and progressives locked heads over the Amazon deal. The progressives felt the city and state were making too many concessions for Amazon. Black power brokers in the city fell everywhere on the spectrum of the issue. One things most of them agreed on, was that they'd seen smaller versions of these types of deals done before , with Black people completely locked out of opportunities. They had their interests represented in the talks, and were trying get positions at all levels earmarked for Black New Yorkers. Including the construction jobs to build the structures.

Read my comment , from today, in the current thread about AOC making a political compromise

AOC Voted NO, Then Pelosi Seen Yelling At AOC. AOC Changes Vote To Present & Tearful, Pelosi MUST GO