Commonfund Appoints Chairman

Commonfund has appointed Bradford K. Gallagher as chairman, board of trustees. Gallagher succeeds Laurance R. Hoagland, who has retired from its board after serving a 12-year term. Commonfund has also announced the retirement of Charles J. Pippin from its board, again after serving a term of 12 years.


Commonfund, a prominent investment
manager for institutional investors, announced the appointment of
Bradford K. Gallagher as Chairman, Board of Trustees, succeeding
Laurance (Laurie) R. Hoagland, who has retired from its Board after
serving a 12-year term. Commonfund also announced the retirement of
Charles J. (“Jeff”) Pippin from its Board, again after serving a term
of 12 years.

Mr. Gallagher has been member of the Commonfund Board of Trustee
since 2005 and is most recently Founder and President, Spyglass
Investments LLC. Commonfund is governed by a Board of Trustees
consisting of some of the most respected professionals from both the
nonprofit and for-profit sectors. The Board now has a total of ten members.

“We are very excited to name Bradford Gallagher as our new Chairman
of the Board,” said Verne O. Sedlacek, President and CEO and Trustee
(ex-officio). “He has already made valuable contributions to
Commonfund’s management and oversight as a Trustee, and I know he
will help us further our strategic mission on behalf of our clients.”

“It was an honor to be President and CEO of Commonfund during the
tenures of Laurie Hoagland and Jeff Pippin. In addition to their
insight and acumen, I personally consider them both to be friends and
mentors. I look forward to working with Brad in the coming years and
I am confident his leadership and innovative thinking will help guide
Commonfund to great success in the future,” Sedlacek continued.

Brad Gallagher’s career spans 30 years in the securities and
investment industry as a developer and founder of several well-known
and successful enterprises most recently as Founder and President of
Spyglass Investments LLC in 2001, a private investment vehicle. In
1995 Mr. Gallagher founded Cypress Holding Company with Berkshire
Partners of Boston, MA.

Mr. Gallagher holds a BS in Economics from Seton Hall University.

The other members of Commonfund’s Board of Trustees include: Leslie
E. Bains, Managing Director, Citi Private Bank; David M. Barrett,
M.D., a Member of the Medical Staff at Dartmouth Hitchcock Medical
Center and a Professor at Dartmouth Medical School; Douglas Breeden,
the Fischer Black Visiting Professor of Financial Economics at the
Sloan School of Management at the Massachusetts Institute of
Technology for 2011- 2012; Elizabeth Huidekoper, Executive Vice
President for Finance and Administration, Brown University; Robert
Litterman, a former Partner and Head of Firm-wide Risk at Goldman
Sachs; Keith M. Schappert, President of Schappert Consulting, LLC;
Verne O. Sedlacek, President and Chief Executive Officer, Commonfund;
Dr. William E. Trueheart, Chief Executive Officer of Achieving the
Dream and former President and Chief Executive Officer of The
Pittsburgh Foundation; and Bruce Zimmerman, Chief Executive Officer
and Chief Investment Officer, The University of Texas Investment
Management Company.

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About Commonfund

Founded in 1971, Commonfund is an institutional investment firm
serving nonprofit institutions, pension funds and other leading
institutional investors offering a broad range of investment
solutions in traditional and alternative strategies. Directly or
through its subsidiaries, Commonfund Capital and Commonfund Asset
Management Company, Commonfund manages $25 billion for 1,500 clients.
Commonfund, together with its subsidiary companion organizations,
offers more than 30 different investment programs. All securities are
offered by Commonfund Securities, Inc., a member of FINRA.