May 9, 2009
1. RhumbLine Advisers
Founded in 1990 by J.D. Nelson, RhumbLine Advisers is the largest minority-owned institutional investment firm in the U.S.Â The Boston-based firm manages more than $14.6 billion in assets–down 26% from the previous year.
RhumbLine’s investment team specializes in crafting ultra-conservativeÂ customized index-based strategies. The asset management firm advises approximately 138 clients in diverse industries including public pension funds, endowments, foundations; high net worth private trusts; and nuclear decommissioning trusts.