Commonfund said Wednesday that it has boosted its newly launched multi-asset program with several personnel additions.The company has named Steven C. Snyder as managing director and head of the multi-asset program. Also, Michael H. Strauss, Commonfund’s current chief investment strategist and chief economist, will work with Snyder to communicate Commonfund’s points of view to multi-asset investors as well as form new investment strategies. Commonfund has also added Marc Bernhardt, currently a relationship officer serving multi-asset program clients, to the team as director, portfolio strategist. Commonfund is a nonprofit investment firm.
WILTON, CT, October 16, 2013 – Commonfund formally announced its Multi-Asset Program™ today, which will increase the investment solutions and support for the company’s mid-sized (<$50MM) nonprofit clients. With the program’s launch, Commonfund also announced three new appointments to support and contribute to the expansion of the new strategic initiative.
Steven C. Snyder has been appointed to the position of Managing Director and Head of the Multi-Asset Program. Mr. Snyder is a 15-year veteran of Commonfund and currently Managing Director, Head of Client Services. Snyder will work closely with Commonfund’s Investment, Operations, and Information Technology functions to enhance and ultimately grow Multi-Asset Program relationships. Mr. Snyder will oversee the implementation of a new back office reporting system that will increase each investor’s view into the analytics of their investments. “As the portfolios of mid-sized nonprofits have grown in complexity, we’ve seen an increased demand for exacting analytics, and an overall requirement to closely partner with their investment manager” said Mr. Snyder.
Michael H. Strauss, current Commonfund Chief Investment Strategist and Chief Economist, will team with Mr. Snyder to communicate Commonfund’s points of view to Multi-Asset Program investors. Additionally, Mr. Strauss will work with Mr. Snyder to construct new investment strategies to complement those available to current Commonfund Multi-Asset Program clients.
Marc Bernhardt, currently a Relationship Officer serving Multi-Asset Program clients, has been appointed to the role of Director, Portfolio Strategist. Reporting to Mr. Strauss, he will direct the investment team’s efforts in support of all Multi-Asset Program clients.
Commonfund Chief Investment Officer, Rick Nelson commented that “The marketplace, including Commonfund, is changing its focus to ‘total portfolio’ solutions. We view the launch of the Multi-Asset Program initiative as an important occasion as it provides this critical segment of the institutional marketplace with solutions that can be tailored to their needs.” Nelson continued, “Dedicating additional resources to this initiative is a logical component of Commonfund’s mission.”
Commonfund was founded in 1971 as an independent nonprofit investment firm with a grant from the Ford Foundation. Directly or through its subsidiaries Commonfund Capital and Commonfund Asset Management Company Commonfund today manages close to $25 billion for endowments, foundations and pension funds. Among the pioneers in applying the endowment model of investing to institutional investors, Commonfund provides extensive investment flexibility using independent investment sub-advisors for discretionary outsourcing engagements, single strategies and multi-asset solutions. Investment Program incorporate active and passive strategies in equities and fixed income, hedge funds, commodities and private capital. All securities are distributed through Commonfund Securities, Inc. For additional information about Commonfund, please visit <http://www.commonfund.org/>www.commonfund.org.