Steven C. Snyder will be the managing director and head of the program. Snyder is a 15-year veteran of Commonfund and currently managing director, head of Client Services. Snyder will work closely with Commonfund’s investment, operations and information technology functions to enhance and grow Multi-Asset Program relationships. Snyder will also oversee the implementation of a new back office reporting system to increase each investor’s view into the analytics of their investments.
Michael H. Strauss, current Commonfund chief investment strategist and chief economist, will team with Snyder to communicate Commonfund’s points of view to Multi-Asset Program investors. Additionally, Strauss will work with Snyder to construct new investment strategies to complement those available to current Commonfund Multi-Asset Program clients.
Marc Bernhardt, currently a relationship officer serving Multi-Asset Program clients, has been appointed to the role of director, portfolio strategist. Reporting to Strauss, he will direct the investment team’s efforts in support of all Multi-Asset Program clients.
Commonfund Chief Investment Officer Rick Nelson commented, “The marketplace, including Commonfund, is changing its focus to ‘total portfolio’ solutions. We view the launch of the Multi-Asset Program initiative as an important occasion as it provides this critical segment of the institutional marketplace with solutions that can be tailored to their needs. Dedicating additional resources to this initiative is a logical component of Commonfund’s mission.”
Commonfund was founded as an independent nonprofit investment firm and manages nearly $25 billion for endowments, foundations and pension funds.
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