The previous ceo will stay on as chairman and group cio.
He will serve M.D. Sass accounts nationally with a focus on Midwestern markets.
The Co-CIOs will be jointly responsible for the overall strategy and positioning of the firm’s global asset allocation products.
Stone Harbor offers credit strategies primarily to global institutional clients, including sovereign wealth investors, pension plans, foundations, endowments and insurance companies.
The plan has begun a search for its executive director position.
The position will assist the plan’s tangible assets senior investment officer.
The new president and cio will retain existing responsibilities at Glenmede.
The new director has served as the system’s cio since 2003.
The plan invested $115 million with an existing manager.
Managers have less confidence in the Federal Reserve delivering its target inflation rate compared to last quarter’s study.