Commonfund Names A. Nicholas De Monico as Managing Director and Group Head, Marketable Alternative Investments
Former Citigroup Managing Director Brings Extensive Hands-On Experience to Management of Commonfund's Hedge, Absolute Return and Index Plus Programs
WILTON, CT, November 25, 2002 — Commonfund, a leading financial manager for nonprofit institutions nationwide, has announced the appointment of A. Nicholas De Monico as Managing Director and Group Head, Marketable Alternative Investments, Commonfund Asset Management Company. He will be responsible for managing Commonfund's marketable alternative funds of funds, including its hedge, absolute return, index plus and global hedged programs.
"We are pleased to welcome Nick to Commonfund. With his mastery of the intricacies of hedge funds and funds of funds, including the myriad of discretionary, relative value and event driven hedge strategies, he will make an outstanding addition to our strong team," said Bob Bovinette, President & Chief Executive Officer, Commonfund. "The experience and knowledge he has gained over a long career will greatly enhance the resources and high standards of Commonfund's alternatives program and help us continue to provide innovative solutions and diversification for endowments and foundations."
"Nick brings extensive hands on experience and a wealth of knowledge in portfolio management and analysis which he has accumulated throughout a distinguished career," said Verne Sedlacek, Executive Vice President, Commonfund. "For years he has demonstrated his in-depth understanding of the inner workings at the ground level and brings a well refined, high level perspective in developing, implementing and supervising alternative investments to Commonfund."
"I have followed Commonfund since I began my career on Wall Street more than 20 years ago," said Nick De Monico. "It has always been regarded as one of the Nation's premier financial institutions and I am very excited to have the opportunity to join them."
Prior to joining Commonfund, Mr. De Monico was Managing Director and Portfolio Manager for Citigroup Alternative Investments, where he managed $2 billion in hedge fund investments for eight diversified multi-strategy and single-strategy funds. Prior to that, he was Managing Director and Senior Portfolio Manager for CDC Investment Management Corp., a subsidiary of Caisse Des Depots Group. He managed mortgage hedge positions and relative value Treasury strategies for eight mortgage-backed securities funds with about $2 billion in assets. Nicholas also built and managed a global fixed income fund, managed Proprietary Trading and Treasury, and was Director of Dollar/Non-Dollar arbitrage for CDC Capital.
Mr. De Monico earned an MBA in Finance and Marketing from Columbia University Graduate School of Business, and a B.A. in Political Science from Columbia College.
About Commonfund
Founded in 1971, Commonfund is devoted to enhancing the financial resources of educational and other nonprofit institutions including endowments, foundations, healthcare and service organizations through superior fund management, investment advice, and treasury operations. Directly or through its subsidiaries, Commonfund Capital, Commonfund Realty, and Commonfund Asset Management Company, Commonfund manages approximately $29 billion for more than 1,600 educational institutions, foundations, healthcare and other nonprofit institutions, representing one of the largest pools of educational endowment and operating funds in the world. In response to the growing needs of nonprofit institutions, Commonfund, together with its subsidiary companion organizations, offers more than 45 different endowment investment programs including funds for the management of short- and intermediate-term operating cash reserves. All securities are distributed through Commonfund Securities, Inc.