Several endowments, pensions and foundations announced shifts in leadership in November. Senior investment professionals moved to other institutions, and an asset manager named changes to its executive staff due to disappointing returns. Here are the top institutional investment moves in November:
LP:
John E. Hull, chief investment officer and financial vice president of the Andrew W. Mellon Foundation, will retire on March 31, 2018. During his tenure at the helm of the foundation, Hull led the restructuring of the foundation’s portfolio, increasing the foundation’s assets from $4.1 billion to $6.5 billion in 2017. Prior to joining the foundation, Hull was the deputy comptroller for investments for the Office of the New York State Comptroller. Read Trusted Insight’s exclusive Q&A with John E. Hull. The Andrew W. Mellon Foundation has retained an executive search firm to support the search for the next chief investment officer.
Brian H. Pellegrino, chief investment officer of UPS Group Trust, was named chief investment officer for Georgia Tech Foundation’s $1.6 billion endowment. He is to start in early 2018 and will replace Jim Taylor, who retired in June. Pellegrino was named on Trusted Insight's 2017 list of Top 30 Corporate Chief Investment Officers. Read an exclusive Trusted Insight interview regarding his 37-year tenure at UPS Group Trust, the asset management arm of United Parcel Services.
Chris Anton, chief investment officer and chief operating officer of the Boise State University Foundation, was appointed as manager of investments of the Idaho Endowment Fund Investment Board. Anton will replace Larry Johnson, who announced his retirement earlier this year.
GP:
Jonathan Larkin, chief investment officer of algorithm platform Quantopian, departed the firm after disappointing returns. Larkin was previously a quantitative long/short equity fund manager at Hudson Bay Capital Management, and global co-head of equities at BlueCrest Asset Management. The fund will be managed by other members of Quantopian’s investment team
LP:
John E. Hull, chief investment officer and financial vice president of the Andrew W. Mellon Foundation, will retire on March 31, 2018. During his tenure at the helm of the foundation, Hull led the restructuring of the foundation’s portfolio, increasing the foundation’s assets from $4.1 billion to $6.5 billion in 2017. Prior to joining the foundation, Hull was the deputy comptroller for investments for the Office of the New York State Comptroller. Read Trusted Insight’s exclusive Q&A with John E. Hull. The Andrew W. Mellon Foundation has retained an executive search firm to support the search for the next chief investment officer.
Brian H. Pellegrino, chief investment officer of UPS Group Trust, was named chief investment officer for Georgia Tech Foundation’s $1.6 billion endowment. He is to start in early 2018 and will replace Jim Taylor, who retired in June. Pellegrino was named on Trusted Insight's 2017 list of Top 30 Corporate Chief Investment Officers. Read an exclusive Trusted Insight interview regarding his 37-year tenure at UPS Group Trust, the asset management arm of United Parcel Services.
Chris Anton, chief investment officer and chief operating officer of the Boise State University Foundation, was appointed as manager of investments of the Idaho Endowment Fund Investment Board. Anton will replace Larry Johnson, who announced his retirement earlier this year.
GP:
Jonathan Larkin, chief investment officer of algorithm platform Quantopian, departed the firm after disappointing returns. Larkin was previously a quantitative long/short equity fund manager at Hudson Bay Capital Management, and global co-head of equities at BlueCrest Asset Management. The fund will be managed by other members of Quantopian’s investment team