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Senior Management and Group Heads

Verne O. Sedlacek | President and Chief Executive Officer

Verne Sedlacek joined Commonfund in 2002 as Executive Vice President and Chief Operating Officer and was appointed President and CEO July 1, 2003. In addition, he serves as a member of the Commonfund Group Investment Policy Committee. Prior to Commonfund, Mr. Sedlacek was President and COO of John W. Henry & Company, Inc., President and Director of Westport Capital Management Corporation and Global Capital Management Limited since 1998. Previously he served as Executive Vice President and Chief Financial Officer for the Harvard Management Company, where he was responsible for managing the areas of personnel, budgets, systems, performance, analysis, contract, credit, compliance, custody, operations, cash management, securities lending, and market risk evaluation for the then approximately $14 billion University Fund. He also has served on many not-for-profit and for-profit boards. Mr. Sedlacek currently serves on the boards of the Association of Governing Boards of Universities and Colleges, the NYSE Pension Managers Advisory Board and is a member of the Samsung Global Investment Advisory Council (SGIAC). He earned an A.B. in Economics from Princeton University and was certified as a CPA by the State of New York in 1978.

 

Lyn Hutton, CFA | Chief Investment Officer

Lyn Hutton joined Commonfund in 2003 as Chief Investment Officer. In this capacity, Ms. Hutton has oversight responsibility for all aspects of investment strategy, portfolio management, due diligence and manager selection for all of the organization's investment funds, as well as non-investment programs and services. She also chairs the Commonfund Group Investment Policy Committee.  Before joining the firm, Ms. Hutton served as the Vice President and Chief Financial Officer of the John D. and Catherine T. MacArthur Foundation since June, 1998. She was responsible for the financial administration of the Foundation and for management of the Foundation’s then $4.0 billion investment portfolio. In addition, Ms. Hutton was a corporate officer of the Foundation and a member of its senior management team. Prior to MacArthur, Ms. Hutton served at Dartmouth College as Vice President and Treasurer, handling its investments and treasury, budgeting and planning, the controller’s office, internal audit, administrative services, facilities operations and human resources. She has also been Senior Vice President, Administration and Treasurer for the University of Southern California . Ms. Hutton is a Chartered Financial Analyst and was a Certified Public Accountant (currently non-practicing), and a member of the CFA Institute. She serves on several boards, including the MSCI Editorial Advisory Board, and has been a Trustee for Commonfund, Commonfund Realty and Commonfund Capital. Ms. Hutton is an alumna of the University of Southern California and graduated with honors from USC School of Business Administration. In 2010, she was awarded an investor lifetime achievement award by Institutional Investor.

 

 

 

Eugene P. Ferguson | Chief Service and Sales Officer and President of Commonfund Securities, Inc.

Gene Ferguson is responsible for overseeing all aspects of client service and sales, including relationship management, business development and consultant services. He is a member of the Commonfund Senior Management Group and also sits on the Commonfund Investment Policy Committee. Prior to joining Commonfund, Mr. Ferguson was with AIG Global Investment Group where he managed service and sales for large institutional investors including endowments, foundations and nonprofit healthcare organizations. Prior to that he was at Forstmann-Leff International and Salomon Brothers Asset Management Company. His investment experience includes domestic, international and emerging markets equity, domestic, international and emerging markets fixed income, hedge funds, structured products and private equity funds. Mr. Ferguson began his career by spending 15 years at IBM in the client sales and service area. He earned a B.S. from Manhattan College.

 

William W. Martin | Chief Risk Officer

Bill Martin joined Commonfund as Chief Risk Officer in April 2008. He is a member of the Commonfund Senior Executive Group and its Investment Policy Committee. Bill’s unique background combines deep practical experience in trading & investing with the strategic knowledge gained as being CRO of a large, global bank and as CRO of a large global investment management firm. Prior to joining Commonfund, Bill was Chief Risk Officer responsible for all of the investment management activities at Bank of America, including Columbia Management, alternative investments, proprietary hedge funds and private equity. Previously, Bill had been Global Head of Risk Management at the Royal Bank of Scotland, responsible for credit, market and operational risk, and then Global Head of Investment Risk Management & Performance Analysis at INVESCO, both based in London. Today, Bill serves as Chairman of the Global Association of Risk Professionals, an association of 100,000+ members worldwide focused on promoting best risk practices, and as a Board Overseer at the New England Conservatory of Music. Bill holds a BBA degree in Management Science from the Baruch School of Business, City University of New York.

 

 

E. Lyndon Tefft | Chief Operating Officer

Lyndon Tefft joined Commonfund in 2003 as Executive Vice President and Chief Financial Officer. In this capacity, he is responsible for the management and oversight of Commonfund's Information Technology, Operations and Corporate Accounting teams. Before joining the firm, Mr. Tefft spent five years serving as Senior Vice President and Chief Financial Officer for the John W. Henry & Company, Inc. Prior to that, he spent over ten years with Harvard University and four years with Harvard Management Company. At Harvard Management Company, he led the development of an information technology infrastructure to support global investment and trading in equities, bonds, futures, swaps, currencies and closed end funds. He holds an M.B.A. from Wharton Graduate School of Business and a B.S. in Industrial Management from Purdue University.

  

John W. Auchincloss | Secretary and General Counsel

John Auchincloss also serves as a member of the Commonfund Group Investment Committee. He joined Commonfund and its subsidiaries in 1996. Mr. Auchincloss has been a practicing attorney since 1984, and has served as an Assistant U.S. Attorney in the Office of the U.S. Attorney for the Southern District of New York, where his roles included serving as Deputy Appellate Attorney and as a member of that office’s Securities and Commodities Frauds Task Force, and has worked as a corporate associate at Davis Polk & Wardwell in New York City. He holds a B.A. degree in History from Yale University, a J.D. from University of Virginia School of Law and an L.L.M. from Cambridge University.

 

MaryEllen Beaudreault | Managing Director, Head of Custom Investment Office

MaryEllen Beaudreault is responsible for the strategic development of the CIO platform and works together closely with Lyn Hutton on the design and implementation of investment policy statements for client portfolios.  From 1995 through March of 2010, MaryEllen was Head of Fixed Income and Commodities for Commonfund where she was responsible for a team of 10 people overseeing all aspects of the fixed income, distressed debt and commodities investment programs including investment strategy, portfolio management, due diligence and manager selection. Prior to joining Commonfund in 1993, MaryEllen spent seven years as an Investment Consultant with Buck Pension Fund Services where she conducted asset allocation, manager searches, and portfolio reviews for both public and private pension funds. In that capacity, she also served as a consultant to Commonfund’s fixed income programs. MaryEllen received her B.S. from Central Connecticut State University.

 

Susan J. Carter | President and Chief Executive Officer of Commonfund Capital, Inc.

Sue Carter oversees all private capital programs, which have committed capital of more than $11.7 billion.  In that capacity, she supervises a total staff of 42. Ms. Carter is a member of the Investment Committee of Commonfund Capital and the Investment Policy Committee of Commonfund Group.  Before joining Commonfund Capital in 1989, Ms. Carter was with Morgan Stanley & Co., Incorporated from 1985 to 1989.  She was a Senior Associate of Morgan Stanley Venture Capital Group, where she analyzed investments in emerging growth companies, worked with portfolio companies and managed that group’s limited partner relations and reporting.  Prior to that, from 1978 to 1985, Ms. Carter was with General Electric Investment Corp., where she evaluated venture capital limited partnership and direct investment opportunities as an analyst for the General Electric Pension Trust’s venture capital program.  She is a member of the advisory boards of Chequers Capital, Silver Lake Partners and Venrock Associates. She also serves as a member of the Board of Advisors of the Center for Private Equity and Entrepreneurship, Tuck School of Business at Dartmouth.  Ms. Carter holds an A.B. degree in Economics and Business from Lafayette College.

 

Sarah E. Clark | Managing Director, Head of the Strategic Solutions Group

Sarah Clark is Managing Director and Group Head of Commonfund Strategic Solutions.  She has held this position since 2002, and in this capacity, manages a team of investment professionals that advise, implement and monitor outsourced investment solutions for nearly 90 nonprofit clients representing more than $6 billion in assets.  Before managing the Strategic Solutions group, Ms. Clark was a portfolio manager in Commonfund’s fixed income team, responsible for portfolio construction and manager due diligence.  Prior to joining Commonfund in 2000, Ms. Clark was a Vice President at Schroder Investment Management North America, where she was a member of the Fixed Income Investment Strategy Group and was responsible for marketing and client servicing fixed income products. She has over 25 years investment experience, eight years at investment management firms —Bankers Trust Company and Glickenhaus &Co and eight years at consulting companies— Asset Strategy Consulting and InterSec Research Corp. She received an A.B. from Lafayette College.

 

A.Nicholas De Monico | Managing Director and Head of Marketable Alternatives

Nick De Monico is responsible for managing Commonfund’s marketable alternative investment programs, including its relative value, directional and diversified investment programs. In this role, he manages a team of 12 professionals with responsibility for portfolio construction, risk management and manager due diligence for more than 200 institutional investors.  Nick’s investment career spans 30 years, and prior to joining Commonfund in 2002, he was Managing Director and Portfolio Manager for Citigroup Alternative Investments where he was on the management team responsible for $2 billion in hedge fund investments for eight diversified multi-strategy and single-strategy funds. Previously, he was Managing Director and Senior Portfolio Manager for CDC Investment Management Corp., a subsidiary of Caisse Des Depots Group, In that capacity, he managed mortgage hedge positions and relative value trading strategies with about $2 billion in assets. He earned an M.B.A. in Finance and Marketing from the Columbia University Graduate School of Business and a B.A. in Political Science from Columbia College.

 

 

John S. Griswold | Executive Director, Commonfund Institute

John S. Griswold directs Commonfund’s educational, market research and professional development activities as head of Commonfund Institute. John joined Commonfund as head of Client Services in 1992. John initiated and has supervised the Commonfund Benchmarks Studies® of the performance of educational endowments, foundations, operating charities and healthcare institutions, which collectively survey the investment performance and practices of over 1400 nonprofit institutions annually. In addition, he supervises and speaks at Commonfund’s annual Endowment Institute, Commonfund Forum, monthly Trustee Roundtables and nonprofit and investment industry conferences in the U.S., Europe and Canada. John has authored many articles and book chapters on endowment management, governance and the management of investment committees. John is a member of numerous non-profit boards and investment committees, including the board of trustees of BoardSource, The Boys and Girls Clubs of America, the Greenwich Roundtable, the National Business Officers Association (NBOA) and the Regional Plan Association of New York. He is a graduate of Yale University.

 

Jeffrey T. Long, CFA | Managing Director and Head of Equities

Jeff Long oversees all aspects of the marketable equity investment programs, including investment strategy, portfolio management, due diligence and manager selection. Prior to joining Commonfund in 2004, he was Managing Director, Associate Director of Equity Research for Citigroup Asset Management since 2002. Mr. Long managed equity research analysts covering more than 600 companies globally through quantitative systematic, traditional growth and value, and research analyst driven strategies. Before joining Citigroup in 1998 as a Senior Equity Analyst, he was Vice President, Senior Equity Analyst for J. P. Morgan Securities, Inc. in New York. Earlier, Mr. Long was Vice President, Head of Financial Advisory for J. P. Morgan Australia, Ltd. in Melbourne, Australia, and also held positions with Morgan Guaranty Trust Company in Seoul, South Korea , and New York . He is a Chartered Financial Analyst, holds a Bachelor of Science in Applied Mathematics and Economics from and is a member of the Association for Investment Management and Research.

 

Keith W. Luke | Managing Director and Group Head, Strategic Planning and Communications

Keith Luke joined Commonfund in 1999. Keith is responsible for managing Commonfund's corporate branding, corporate communications, marketing and strategic planning activities. In this capacity, he manages a team of marketing communication specialists and oversees firm-wide strategic initiatives including new product and market development. He also serves as a member of the Commonfund Senior Executive Group. Prior to joining Commonfund, Keith was a Vice President at Citibank, holding a number of marketing and planning positions in The Private Bank and Corporate Bank. Prior to Citibank, he was with HSBC USA (formerly Marine Midland Bank) in corporate finance and investment banking. Keith earned a B.A. in Economics at Duke University and an M.B.A. in Finance from NYU Stern School of Business.

 

Douglas McNeely | Head of New Markets, Alternatives Sales Group

Doug McNeely joined Commonfund in 2010.  In this role, Doug is responsible for delivering Commonfund’s portfolio of innovative alternative investment solutions into new markets including corporate and public pension plans as well as sovereign wealth funds and family offices.  Prior to joining Commonfund, Doug spent the last six years at Morgan Stanley as Managing Director, as well as, Co-Head of the Institutional Advisory Group/Strategic Client Advisory Team and Co-Head of the Public Fund and Taft-Hartley team. He also served as Executive Director, Morgan Stanley Institutional Securities Group/Prime Brokerage and Head of the Strategic Client Acquisition Team.  Prior to that, Doug was Senior Vice President, Institutional Equities Division at Goldman Sachs. Doug earned a B.A. in Economics from Duke University where he also serves as a Trustee of the Duke Capital Markets Center and the Duke Library.

Douglas McNeely

Alec C. Rapaport | Managing Director,  Head of Fixed Income and Commodities

Alec Rapaport oversees all aspects of the fixed income, distressed debt and commodities investment programs including investment strategy, portfolio management, due diligence and manager selection. Prior to joining Commonfund in 2000, Alec was Director of Fixed Income and Currency Research at Evaluation Associates, an investment consulting firm. At Evaluation Associates, he was responsible for the oversight of domestic and global fixed income, emerging markets debts and currency asset classes. Alec conducted asset allocation studies, manager due diligence and manager searches for Evaluation Associates’ clients. He received his A.B. in Economics from Vassar College and his M.B.A. in Finance with a concentration in International Studies from New York University’s Stern School of Business.

Alec Rapaport

Timothy M. Shine | Managing Director, Head of Commonfund Realty

Tim Shine joined Commonfund Realty in January, 2000. Prior to joining Commonfund, his real estate experience included positions with CB Richard Ellis Investors, formerly Westmark Realty Advisors/TCW Realty Advisors as well as with the New Boston Fund. Mr. Shine graduated cum laude from the University of Connecticut, where he earned his bachelors degree in finance while working with the University’s Center for Real Estate and Urban Economics. Mr. Shine is an active member of the Urban Land Institute (ULI), National Association of Industrial and Office Parks (NAIOP), the International Council of Shopping Centers (ICSC) and National Association of Real Estate Investment Managers (NAREIM). Mr. Shine has overall responsibility for the operations and asset management of the Fund as well as client relations.

 

Michael H. Strauss | Chief Economist and Chief Operating Officer

Michael Strauss joined Commonfund in 1998. Michael has more than 25 years of institutional financial services and investment experience. Previously, he held positions as a top-ranked chief economist and financial market strategist with Sanwa Securities, Yamaichi International () Inc., and UBS Securities. Michael received the Market News Forecaster Award as the most accurate "Wall Street" economist for 1997 and has been a speaker on CNN and CNBC and, over the years, has been quoted by Reuters, Dow Jones Capital Markets, The New York Times, The Wall Street Journal, and Barrons. He has been a faculty member at the Treasury Institute for Higher Education (TIHE), the Tax Institute for Colleges and Universities (TIFCU), and the National Association of College and University Business Officers (NACUBO) Conference. He holds a B.S. degree with distinction from Cornell University and a M.B.A. with distinction from New York University.