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Access here alternative investment news about Northern Trust Multi-Manager Solutions Adds Endowment & Foundation Specialist

Northern Trust Multi-Manager Solutions Adds Endowment & Foundation Specialist

by trusted insight posted 4years ago 241 views

Bei Saville has joined Northern Trust Asset Management as a Senior Vice President and Senior Client Investment Officer for Endowments and Foundations within the Multi-Manager Solutions practice. In this newly-created role, Saville is responsible for managing endowment and foundation investment programs, including the development of investment policies, asset allocation recommendations, risk management, investment manager search and selection and portfolio construction.

“Endowments and foundations need to balance two objectives: protecting purchasing power over the long term and supporting steady distributions in the near term. As a seasoned multi-asset class investor Bei can work with E&F clients to develop sophisticated investment programs that meet each organization’s specific objective and mission.”

Saville brings 20 years of experience in a variety of investment roles, most recently as Director of Alternative Investments at the $5.7 billion Helmsley Charitable Trust, one of the largest foundation investment programs in the United States. Saville was a founder of the Helmsley Trust investment office, developed and implemented the overall investment strategy for the endowment and was principally responsible for alternative asset classes.

“With her perspective on foundations and expertise in private equity, hedge funds, and other alternative assets, Bei Saville is a valuable addition to our group," said John Keshner, Managing Director of the not for profit client segment at Northern Trust Asset Management.

Source: http://www.businesswire.com/news/home/20150608005309/en/Northern-Trust-Multi-Manager-Solutions-Adds-Endowment-Foundation#.VXhJ-lxViko

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