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The previous CFO has been named CEO of Lazard’s asset management business.
He will be responsible for leading the equity quant investing business globally.
Woburn, Mass.-based Salem Capital serves high-net-worth families, individuals and small institutions.
The fund will partner with and support entrepreneurs leading technology and healthcare companies.
The fund focuses on distressed credit and special situations opportunities in developed global markets.
The hire concludes a search launched in April to fill a maiden allocation.
The institution has hired two portfolio managers and promoted a senior investment analyst to portfolio manager to help manage its endowment.
The firm named its head of impact and a principal on its investor services team as partners effective July 1.
The 529 plan added a domestic large-cap growth equity strategy to its watchlist last month because of underperformance compared to its benchmark for the quarter, one-, three- and five-year periods ending March 31.
The cio will serve on the investment committee alongside three other members tasked with ensuring the ethical nature of the Holy See’s equity investments.
