American Red Cross hires Cambridge to manage two investment pools

Red Cross, disaster, aid
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
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 ...

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