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
 
  • 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 ...

This content is available for Active LPs subscribers only. Request a free trial to get access for a limited period

If you already have an active Active LPs subscription, please sign in to view this article.

PE News Briefs