A woman receives warm meals from a Disaster Relief truck, run by the American Red Cross, in the Midland Beach neighborhood in Staten Island, New York November 9, 2012. REUTERS/Andrew Burton
Total assets: Red Cross has two investment pools totaling $3 bln
PE allocation: Invests in mid-market and small cap buyouts and secondaries
Why is this important: Smaller funds and foundations are hiring OCIO’s instead of managing investments in-house
American Red Cross hired Cambridge Associates to manage its investment portfolio after a search of almost six months. Cambridge’s team will work to reduce risk in the pension fund and manage the endowment to maximize growth over the long term, Red Cross said ...