Industry News
The firm has hired a head of exchange traded funds to steer the development of its foray into the ETF market due to the strategies growing popularity and versatility in the investment landscape.
Mark Baumgartner, cio of the $4.2 billion Carnegie Corporation of New York, will leave the organization in the fourth quarter to join the Dalio Family Office as its next investment head as its cio will transition to the role of senior advisor.
Fundraise exceeded the firm’s original target of $1.5 billion.
He was most recently a shareholder and managing director at Verus.
The institution added several new members to its board of trustees, including two members to its investment committee, which oversees its more than $1 billion endowment.
The asset class lead in the global manager research group had been at the firm since 2012.
He joins the firm to provide expertise on their corporate, multiemployer and public sector clients.
The plan has appointed a new deputy cio from an investment consulting firm.
The role of senior real estate investment officer is newly created.
He has joined the firm in its investor solutions group.