Commonfund, which has $29 billion under management, announced the appointment of Hutton Monday. Hutton was formerly vice president and chief financial officer of the John D. and Catherine T. MacArthur Foundation, Reuters reported. The appointment is effective January 1.
Hutton succeeds Todd Petzel, who is leaving to join a small group starting Azimuth Alternative Investments, a hedge fund.
According to Reuters, Hutton was responsible at the MacArthur Foundation for administration and management of a $4-billion investment portfolio. Previously she was vice president and treasurer at Dartmouth College.
At Commonfund, she will oversee investment strategy, portfolio management, due diligence, and manager selection.
Commonfund’s clients include more than 1,600 educational institutions, foundations, health care agencies ,and other nonprofit organizations.