The officer was responsible for identifying innovative approaches to diversification, enhancing returns and reducing fees.
The plan will discuss an executive director replacement search at a future board meeting.
Her responsibilities will be assumed by co-managers.
The current ceo will stay on as executive chairman.
The firm is also hiring a new fund manager on July 25.
He will be responsible for managing the European investment team as well as the origination of new investment opportunities, investment due diligence and portfolio management.
He assumes the new position on July 1.
Foundation’s previous v.p. for finance and cfo transitioned to a new role as advisor to the cfo.
New CEO joined manager from security screening company Evolv Technology, where he served as cfo.
He first joined the consultant in 1999 as a senior research associate focused on domestic small-cap equity before leaving in 2003.Â