Daily Feed
The firm has hired a head of exchange traded funds to steer the development of its foray into the ETF market due to the strategies growing popularity and versatility in the investment landscape.
Mark Baumgartner, cio of the $4.2 billion Carnegie Corporation of New York, will leave the organization in the fourth quarter to join the Dalio Family Office as its next investment head as its cio will transition to the role of senior advisor.
Fundraise exceeded the firm’s original target of $1.5 billion.
The county last a search for the services in 2019.
He was most recently a shareholder and managing director at Verus.
The plan hired several managers at its board meeting today, totaling more than $1 billion.
The commitments conclude a real estate search that began last year.
The plan approved a private equity commitment at today’s meeting.
The commitments are part of general investment consultant Callan’s 2024 private equity pacing and reinvestments model.
The fund is slated to consider adding a new private credit manager to its portfolio at its board meeting this week as it is underweight its target to the asset class by more than $300 million.
