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Board of Trustees

Meet the Teams

Meet the investment professionals committed to serving our community.

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Our Board Members

Mark J. P. Anson, Ph.D.

Mark J. P. Anson, Ph.D.

Trustee (ex-officio)

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Mark J. P. Anson, Ph.D.

Trustee (ex-officio)

Board of Trustees

Mark Anson is head of Commonfund, Chief Investment Officer, and the Chairman of the Boards of Commonfund Capital, Inc. and Commonfund Asset Management Company, Inc.  Previously, he was the President and Chief Investment Officer for the Bass Family Office, which was recognized as Family Office of the Year for 2014 and 2015. He was the President of Nuveen Investments, a full-service asset management company with over $250 billion in assets under management. Prior to Nuveen, Mark served as the Chief Executive Officer and Chief Investment Officer for the British Telecom Pension Scheme (“BTPS”), the largest institutional investor in the UK with assets of £65 billion. In addition, Mark was the CEO of Hermes Pensions Management in London, a £55 billion asset management company that is wholly owned by the BTPS. Prior to joining BTPS, he served as the Chief Investment Officer of the California Public Employees’ Retirement System, the largest pension fund in the United States with over $300 billion in assets. Mark is currently on the Committee of the UAW Retiree Medical Benefits Trust. He also serves on the Editorial Board of MSCI-Barra, the Board of the Northwestern University School of Law, the Toigo Foundation, and the Board of the Chartered Alternative Investment Association. He is a past member of the Board of Governors for the CFA Institute. Mark has published over 100 investment articles in professional journals and has won three Best Paper Awards. He is also the author of five financial textbooks including the Handbook of Alternative Assets, which is the primary textbook used for the Chartered Alternative Investment Analyst program. Mark earned a B.A. in Economics and Chemistry from St. Olaf College, a Ph.D. and Masters in Finance from Columbia University Graduate School of Business, and a J.D. from Northwestern University School of Law, all with honors. He has also received several industry awards in recognition of his leadership in asset management. Last, Mark has earned the Chartered Financial Analyst, Chartered Alternative Investment Analyst, Certified Public Accountant, and Chartered Global Management Accountant professional degrees, and he is a member of the Bar of the State of New York.

Dr. Robert B. Litterman

Dr. Robert B. Litterman

Chairman


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Dr. Robert B. Litterman

Chairman

Board of Trustees

Bob Litterman is the Chairman of the Risk Committee and a founding partner of Kepos Capital, a New York City based systematic global macro firm.  Prior to joining Kepos Capital in 2010, Bob enjoyed a 23-year career at Goldman, Sachs & Co., where he served in research, risk management, investments and thought leadership roles. He oversaw the Quantitative Investment Strategies Group in the Asset Management division. While at Goldman, Bob also spent six years as one of three external advisors to Singapore’s Government Investment Corporation (GIC). Bob was named a partner of Goldman Sachs in 1994 and became head of the firm-wide risk function; prior to that role, he was co-head of the Fixed Income Research and Model Development Group with Fischer Black. During his tenure at Goldman, Bob researched and published a number of groundbreaking papers in asset allocation and risk management. He is the co-developer of the Black-Litterman Global Asset Allocation Model, a key tool in investment management, and has co-authored books including The Practice of Risk Management and Modern Investment Management: An Equilibrium Approach (Wiley & Co.). Bob earned a Ph.D. in Economics from the University of Minnesota and a B.S. in Human Biology from Stanford University. He was inducted into Risk Magazine’s Risk Management Hall of Fame and named the 2013 Risk Manager of the Year by the Global Association of Risk Professionals. In 2012, he was the inaugural recipient of the S. Donald Sussman Fellowship at MIT's Sloan School of Management. In 2008, Bob received the Nicholas Molodovsky Award from the CFA Institute Board as well as the International Association of Financial Engineers/SunGard Financial Engineer of the Year Award. Bob serves on a number of boards, including Options Clearing Corporation, Resources For the Future, Robert Wood Johnson Foundation, the Sloan Foundation, and World Wildlife Fund.

Nicole S. Arnaboldi

Nicole S. Arnaboldi

Trustee


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Nicole S. Arnaboldi

Trustee

Board of Trustees

Nicole S. Arnaboldi is a Senior Advisor at Credit Suisse.   She until recently served as Vice Chairman of Credit Suisse Asset Management and headed their Direct Equity Partners business. Ms. Arnaboldi previously served as Head of Credit Suisse’s Illiquid Alternatives businesses, which included a wide range of private equity, real estate and credit products. She has also served on the investment committees of various Credit Suisse-sponsored buyout, mezzanine, venture capital and secondary funds and on the boards or investment committees of private equity joint ventures in Asia, the Middle East, and Latin America. She joined Credit Suisse in November 2000 when it merged with DLJ, where she was a Managing Director on their merchant banking team. Before the merger, Ms. Arnaboldi spent 15 years at DLJ, mainly in the private equity and venture capital groups. Ms. Arnaboldi serves on the board of Merit Hill Capital, a real estate firm with one of the largest portfolios of self-storage facilities in the U.S..  She is a member of the Dean’s Advisory Board at Harvard Law School and the Advisory Board for HarvardX, and currently is serving on the Harvard University Skills and Employability Task Force.  She is also a member of the Prep for Prep board and the U.S. Pension Investment Committee at Credit Suisse.  She previously served on the Harvard University Corporation Committee on Finance, the Harvard Law School New York Advisory Council and the Northwestern Mutual Policy Owners’ Examining Committee, and also served on the boards of The Credit Suisse Americas Foundation and New Yorkers for Children. She has also served as a member of the New York Federal Reserve Bank’s Investors Advisory Committee on Financial Markets. Ms. Arnaboldi holds a B.A.  cum laude from Harvard College, a J.D. cum laude from Harvard Law School and an M.B.A. with high distinction from the Harvard Business School, where she was a Baker Scholar.

David M. Barrett, M.D.

David M. Barrett, M.D.

Trustee


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David M. Barrett, M.D.

Trustee

Board of Trustees

Dr. Barrett is Emeritus Anson L. Clark Professor of and Chair of the Department of Urology at The Mayo Clinic.  Dr. Barrett previously served as the President and Chief Executive Officer of Lahey Clinic (Burlington, MA) and was a member of its Board of Trustees and Chair of the Board of Governors. Before joining Lahey in September 1999, he had a long and distinguished career as a physician, teacher and administrator at Mayo Clinic in Rochester, Minn. A native of Michigan, Dr. Barrett received his bachelor’s degree from Albion College and his medical degree from Wayne State University School of Medicine. From 1970-72, he served as a flight surgeon during the Vietnam War and was Chief of the Aeromedical Service at Cam Rahn Bay Air Base. Following his military service, Dr. Barrett trained at Mayo Clinic as a resident in general surgery and in urology. He became a staff physician at Mayo in 1975 and served as chair of the Department of Urology throughout most of the 1990s. He also served as vice chair of Mayo’s Board of Governors.  Dr. Barrett is an honorary Trustee at Albion College and former Trustee at the Lahey Clinic and Mayo Clinic.

Douglas T. Breeden

Douglas T. Breeden

Trustee


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Douglas T. Breeden

Trustee

Board of Trustees

Douglas T. Breeden is the William W. Priest Professor of Finance and former Dean of Duke University’s Fuqua School of Business.  He also served on faculties at Chicago Booth, Stanford and North Carolina, where he was the Dalton McMichael Professor of Finance. He was the Fischer Black Visiting Professor of Financial Economics at MIT’s Sloan School in 2011-2013 and won an ”Outstanding Teacher” award. Breeden published seminal research on insurance prices implicit in option prices, the Consumption CAPM, and hedging mortgage securities. His current research (with Robert Litzenberger) is on “Central Bank Policy Impacts on the Distribution of Future Interest Rates,” which won a Roger Murray Prize from the Q-Group.  He has presented this research to the New York and Minneapolis Federal Reserve Banks, the (central) Bank of England, the Bank of Italy and the Bank of France. Breeden was Associate Editor of 5 top journals and Founding Editor of the Journal of Fixed Income.  He was elected to the Board of Directors of the American Finance Association and in 2010 a lifetime Fellow.   The International Association for Quantitative Finance named Breeden “Financial Engineer of the Year 2013” for being an “industry pioneer.” Breeden holds a Ph.D. in Finance from Stanford and an S.B. from M.I.T. He served on the MIT President’s Council, the Sloan School Visiting Committee and the Stanford Business School Advisory Council.  Dr. Breeden is a senior independent consultant to Amundi Pioneer Asset Management and is on the Board of Trustees of Commonfund.

Keith M. Schappert

Keith M. Schappert

Trustee


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Keith M. Schappert

Trustee

Board of Trustees

Keith Schappert has spent over 40 years in the asset management business and is currently the President of Schappert Consulting, LLC, a firm focused on the business of investment management. Much of Mr. Schappert’s career was spent at JP Morgan where he served in a number of different capacities. After joining the firm upon graduation from college, he started on the trading desk in 1973, managed fixed income portfolios, headed the fixed income group, was promoted to Vice Chairman overseeing Global Fixed Income, Sales, Marketing, Alternative Investments, Real Estate and Oil and Gas. He was named the President and CEO of JP Morgan Investment Management and a member of JP Morgan’s senior management. He retired from Morgan after 30 years upon the sale of the firm to Chase Bank. Following his career at Morgan, Mr. Schappert accepted the role of President and CEO of the Federated Investment Advisory Companies where he was responsible for all investment management activities. Following Federated he was named the Vice Chairman and Regional Head of the Americas for Credit Suisse Asset Management focusing on strategic planning. Before starting his consulting practice, Mr. Schappert was a Vice Chairman and member of the Advisory Committee of OneCapital, a hedge fund of funds. In addition to the Commonfund, his current board responsibilities include being a director of Mirae Asset Management Discovery Funds, a director of Angel Oak Multi Strategy Fund and a director of Smithfield Trust Company. His past board responsibilities include being a trustee of the MetLife Series Trust, Trilogy Global Advisors,a director of Calamos Investments and a trustee and head of the Endowment Fund for Berkshire School. Mr. Schappert graduated from Harvard College Cum Laude General Studies in 1973 with an AB in Government.

Mamak Shahbazi

Mamak Shahbazi

Trustee


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Mamak Shahbazi

Trustee

Board of Trustees

Mamak Shahbazi is a seasoned investment executive with a 35-year track record of raising assets, building and managing high-performance marketing and client service teams, developing business, maintaining key client and consultant relationships, overseeing and delivering impressive growth and ROI. A Founding Member of Colchester Global Investors, which provides a complete range of investment management services for global and emerging market bonds, Mamak was the company’s President, Director and Global Head of Marketing From 2001 to 2019. She was responsible for growing assets under management from $15 million to $43 billion since inception. Mamak is accomplished in the effective execution of both short and long-term deliverables. She is a team player with demonstrated success in the development and motivation of staff and the nurturing and maintenance of relationships with prospects, clients from diversified categories in the US and around the world, and industry participants. Mamak has built Colchester’s marketing and client service structure globally, with offices in New York, London, Singapore, Australia and soon in the United Arab Emirates. Her client service efforts resulted in the firm receiving the Greenwich Associates prestigious Quality Leader in Institutional Client Service award. A keen determination to provide clients with optimal solutions to their investment needs, combined with a background in engineering and years of experience in fixed income research and analysis, has made Mamak extremely effective as a solution provider to institutional investors. An invited guest speaker at various prominent investment conferences, Mamak has presented at the ABANA Annual Conference 2016 on Leading Women in Finance, the Mangham Associates (endowment management firm) Client Conference 2015, and The Salvation Army South Investment Conference 2014 and 2012.  Additionally, Mamak was a Founding Angel Member of 100 Women in Finance, a global network of investment professionals working to assist women at every stage of their careers. Prior to Colchester, Mamak built an impressive record in the investment community. She served as Director of Institutional Marketing at the hedge fund firm Zweig-DiMenna Associates, where she was responsible for building the institutional marketing and client services effort. She raised over $500 million in assets under management despite stressed market conditions and performance. Before Zweig-DiMenna, Mamak served as Director of Global Bond Marketing and Client Service at Delaware Investment Advisors. She was responsible for building the Global Bond marketing effort for the Delaware International Advisors subsidiary. Starting with $50 million in assets, she built the enterprise to over $5.6 billion during her seven-year term. As Director/Vice President of Fixed Income Investments at Credit Suisse First Boston Corp. for eight years, Mamak assisted the Managing Director in charge of research and analysis of high yield corporate bonds and risk management of the portfolios. She was also responsible for the conduct of overall client facing activities. Further, Mamak published articles on high yield investing and specific bond activities. Mamak began her career at Arthur D. Little Valuation, Inc., as an Analyst, where, in addition to writing Fortran based computer programs to analyze bank and savings and loan institutions, she assisted in writing mathematical formulas to ascertain market values of deposit accounts and loan books. Chairman of the Board of Colchester Global Investors, Inc., and a Member of the Board of Colchester Global Investors Limited, Mamak also serves on other boards, including Freeman and Company’s Advisory Board and New York University College of Arts and Science’s Advisory Council. Previously Mamak served as a Board Member of the Miller Howard High Income Equity Fund and as an Advisory Board Member of Proctor Investment Management. A graduate of the University of Maryland, Mamak holds a Bachelor of Science degree in Chemical Engineering with an emphasis in mathematics and computer science. She resides in New York City with her husband and is the mother of two adult children.

Dr. David A. Thomas

Dr. David A. Thomas

Trustee


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Dr. David A. Thomas

Trustee

Board of Trustees

Dr. David A. Thomas took office as the 12th President of Morehouse College on Jan. 1, 2018, ushering in a new era of progressive leadership for the nation’s largest and most prestigious liberal arts instiution for men. With more than 30 years of experience in the business of higher education, Thomas is a visionary leader who is nationally respected as an expert in organizational change. He is the former Dean of Georgetown University’s McDonough School of Business, and has served as a business school professor at Harvard University and the University of Pennsylvania. Under Thomas’ leadership at Morehouse, the college has increased enrollment and philanthropic giving. Morehouse made history in higher education in May 2019 when a chief executive officer that he invited to serve as Commencement speaker surprised the graduating class by offering to pay off their student loans. Thomas holds a doctorate in Organizational Behavior Studies and a Master of Philosophy degree in Organizational Behavior, both from Yale University. He also has a master’s degree in Organizational Psychology from Columbia University, and a Bachelor of Administrative Sciences degree from Yale College. He is the co-author of three books.

Michael J. Warren

Michael J. Warren

Trustee


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Michael J. Warren

Trustee

Board of Trustees

Michael J. Warren is the Global Managing Director of Albright Stonebridge Group (ASG), a premier global strategic advisory firm.  In this role, Mr. Warren leads strategic growth initiatives at ASG and advises clients on international growth strategies, stakeholder management issues, and economic and geopolitical issues affecting global markets. He previously served two terms as the firm's Managing Principal (2013-2017). Mr. Warren brings many years of leadership in financial services, international business, and government policy.  He serves on the boards of a number of institutional investors. He is a Trustee of the District of Columbia Retirement Board, DC’s public pension fund, where he served two terms as Chairman and currently serves as Vice Chair of the Investment Committee.  In 2010, Mr. Warren was appointed by President Obama to serve as a member of the Board of Directors of the Overseas Private Investment Corporation, the U.S. development finance institution, where he chairs the Audit Committee. He is also a member of the Board of Directors of Walker and Dunlop, a real estate finance company. During the first term of the Obama Administration, Mr. Warren served as Senior Advisor in the White House Presidential Personnel Office, overseeing the appointments process for the economic agencies in the U.S. Government. He was also a member of the Obama-Biden Presidential Transition as co-lead for the Treasury and Federal Reserve agency review teams. Previously, Mr. Warren worked at McKinsey & Company, where he was based in the U.S. and South Korea, both as a strategic consultant in the technology and financial institutions practices and as a fellow of the McKinsey Global Institute.  He has also held senior operating positions at two high-growth companies.  During the Clinton Administration, Mr. Warren served in the White House as Executive Director of the National Economic Council and at the U.S. Department of Labor in the Office of the Secretary. A native of Indiana, Mr. Warren graduated from Yale University and from Balliol College, University of Oxford, where he was a Rhodes Scholar.  He serves on the Yale School of Management’s Board of Advisors, on the Yale President’s Council for International Activities, and on the Global Leadership Council for Said Business School at the University of Oxford.

Trustees of the Board are elected to serve three year terms after which they are reviewed by the Governance Committee of the Board to assess whether they will be recommended to the Board and the membership for re-election for an additional three year term.

The full Board of Trustees holds four regular meetings per year; each meeting, with related committee meetings, requires between one and two days of time. In addition, Trustees are expected to spend time between regular meetings consulting with management and other members of the Board, and working with committees to which they are assigned.

The Board as a whole exercises general supervisory authority with respect to investment matters and they are responsible for reviewing and approving the operating budget of Commonfund and for overseeing the financial management of the Commonfund organization as a whole.

The boards of directors of the various subsidiaries of Commonfund are staffed with members of management, with the exception of Commonfund Capital, Inc., which has a Board of Directors that includes members who are independent of Commonfund management.

Read more about our governance structure and philosophy