Industry News
The firm has added a managing director to its global investors group.
The managing director works with nonprofit, religious, public and corporate clients and has been with the firm for over 25 years.
The firm added a principal and consultant this month to provide investment strategy and financial planning services primarily for its foundation, endowment, nonprofit and family office clients.
The foundation is searching for a senior investment associate to provide additional support to the investment team in its oversight and management of the organization’s endowment.
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.
