Commonfund Strategic Solutions

Our approach to the outsourced chief investment office model begins with an obsessive focus on investments and performance.  From there, we take a total institutional approach, addressing wide-ranging factors that extend well beyond investment management. When you work with Commonfund, we begin by understanding your institution as a whole, not just your investment portfolio.


At-A-Glance*

  • Serves 62 advisory clients
  • Over $9 billion in assets under management
  • 70% of clients have invested with Commonfund for more than 5 years
  • Senior team members average 23 years of industry experience and 10 years with Commonfund
  • Institutional Asset Management Awards 2018 | Highly Commended OCIO Provider**

We function as an extension of your organization's own internal offices. We can be a fiduciary partner as well as a resource for all your critical needs, such as:

  1. Working collaboratively with you on all aspects of portfolio management, including investment policy review

  2. Asset allocation, portfolio construction, monitoring, rebalancing, risk management and reporting

  3. Taking accountability for investment performance¹

  4. Proactively communicating with you on important issues impacting your investments

  5. Assisting in any required education to your board and/or investment committee

  6. Providing a dedicated account management team to assist in audit, tax and other items

We have been working with nonprofit investors to provide total portfolio solutions for over 40 years and as a discretionary OCIO for 15 years. Over the years we have learned that building a partnership is critical to the success of your organization, and distinctly different than a traditional consulting relationship. Once you decide to pursue the OCIO model it is important to research providers thoroughly and ask the right questions during the evaluation process. Based on our experience and best practices, this article on how to write your RFP (Request For Proposal) may prove helpful.

Strategic Solutions Team

Nancy Kiernan Bard

Nancy Kiernan Bard

Managing Director


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Nancy Kiernan Bard

Managing Director

Relationship Management

Nancy Kiernan Bard is Head of Relationship Management for Commonfund’s advisory clients. Nancy has over 25 years of experience in investments and client service. Previously, she was a member of the Client Sales and Service Team where she was responsible for managing client relationships and developing new business in the Mid-Atlantic Region. Prior to that Nancy was a member of the Business Development Group where she focused on introducing Commonfund to foundations and healthcare institutions. Before that she was a Senior Analyst on the Fixed Income Team in charge of manager analysis and portfolio analytics. Prior to joining Commonfund, Nancy was a Research Associate at KR Capital Advisors, an equity investment manager and a corporate bond sales assistant at Lazard Freres & Co. Nancy received a B.S. in Finance from Sacred Heart University.

Brian Cohen

Brian Cohen

Director


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Brian Cohen

Director

Strategic Solutions

Brian Cohen is responsible for the design, tailoring, and implementation of custom investment solutions for Commonfund’s outsourced CIO clients. He is primarily responsible for asset allocation recommendations, portfolio oversight and analysis and tactical rebalancing. Prior to his current role, Brian was an Assistant Director, where he was responsible for asset allocation recommendations, portfolio oversight and analysis, and investment policy implementation. Prior to joining Commonfund, Brian worked as a product analyst for IPREO. Brian received B.S. in Business Management from Bentley University and his M.B.A. in Finance from Fordham University.

Joseph A. Falcha

Joseph A. Falcha

Director, CIMA


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Joseph A. Falcha

Director, CIMA

Strategic Solutions

Joseph Falcha is responsible for the design, tailoring, and implementation of custom investment solutions for Commonfund’s outsourced CIO clients. Prior to joining Commonfund, he was an Investment Advisor for Drax Asset Management, LLC ─ an investment management firm. He was responsible for advising high net worth individuals and non-profit organizations, conducting research, executing trades and developing new business. Prior to Joe’s position at Drax, he spent a number of years working for Hartford Financial and MetLife Financial in a variety of different consulting and service roles. Joe received his B.S. in Business Management from Albertus Magnus College and holds the Certified Investment Management Analyst designation. He is a member of the Investment Management Consultants Association.

Caroline Greer

Caroline Greer

Managing Director, Chartered Investment Manager (CIM®)

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Caroline Greer

Managing Director, Chartered Investment Manager (CIM®)

Strategic Solutions

Caroline Greer is responsible for the design, tailoring, and implementation of custom investment solutions for Commonfund’s outsourced CIO clients. She is primarily responsible for asset allocation recommendations, portfolio oversight and analysis and tactical rebalancing of client portfolios. Caroline currently serves as the inaugural Chairperson of the Commonfund Diversity and Inclusion Office. Previously, Caroline spent eleven years at Commonfund focused on hedge fund manager due diligence and fund of funds portfolio management. Prior to joining Commonfund, she served as a Partner and Principal for Contego Capital Management, LLC, specializing in customized funds of hedge funds. She was responsible for sourcing, evaluating and monitoring hedge fund managers across a full range of strategies. Prior to joining Contego, Caroline was a Senior Vice President for Oppenheimer and Co. where she co-managed their funds of hedge funds program and monitored Oppenheimer’s private equity fund. Caroline began her career at Montrose Advisors, a boutique financial advisor specializing in managing customized funds of hedge funds and private equity and venture capital portfolios. In 2015, Caroline was named one of the 50 Leading Women in Hedge Funds globally by The Hedge Fund Journal. Caroline received a B.A. in Political Science from the University of Toronto, and an M.A. and M.Phil. from Columbia University of New York.

Meredith C. Messina

Meredith C. Messina

Associate Director


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Meredith C. Messina

Associate Director

Strategic Solutions

Meredith Messina is responsible for investor relations and client communications for Commonfund’s advisory clients. Prior to her current role, she was a Managing Associate on the Business Development and Management Relationship Teams responsible for client communications. Prior to joining Commonfund, Meredith worked for JAOtech Corporation as a Sales Engineer. She started her career as a Client Service Associate at UBS Financial Services in Boston, MA. Meredith received a B.S. in Finance from Bentley University.

W. Kelso Morrill

W. Kelso Morrill

Managing Director


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W. Kelso Morrill

Managing Director

Strategic Solutions

Kelso Morrill is responsible for the design, tailoring, and implementation of custom investment solutions for Commonfund’s outsourced CIO clients. He is primarily responsible for asset allocation recommendations, portfolio oversight and analysis, and tactical rebalancing of client portfolios. Prior to joining Commonfund, Kelso was with Crossroad Capital Partners, SEI Investments, and Bankers Trust Company, where he focused on private capital investments, including private equity, project finance and real estate. He has a B.S.E. and an M.B.A. from the Wharton School, University of Pennsylvania.

Anthony Peretore

Anthony Peretore

Managing Director, CFA, CAIA


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Anthony Peretore

Managing Director, CFA, CAIA

Strategic Solutions

Anthony Peretore is responsible for the design, tailoring, and implementation of custom investment solutions for Commonfund’s outsourced CIO clients. He is primarily responsible for asset allocation recommendations, portfolio oversight and analysis and tactical rebalancing of client portfolios. Prior to joining Commonfund, Anthony worked as a convertible securities analyst for BCP Securities. Anthony received his B.A. in Political Science and a Business minor from Saint Joseph’s University. Anthony also holds the Chartered Financial Analyst and Chartered Alternative Investment Analyst designations.

Deborah Spalding

Deborah Spalding

co-Deputy CIO and Managing Director, CFA

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Deborah Spalding

co-Deputy CIO and Managing Director, CFA

Strategic Solutions

Deborah Spalding is Deputy Chief Investment Officer and a Managing Director responsible for the design, tailoring, and implementation of custom investment solutions for Commonfund’s investment advisory clients. She is primarily responsible for asset allocation recommendations, portfolio oversight and analysis, and tactical rebalancing of client portfolios. Prior to joining Commonfund, she was the Chief Investment Officer for the State of Connecticut’s $30 billion Retirement Plans and Trust Funds. Previously, she was a Managing Partner at Working Lands Investment Partners, LLC, an independent investment management firm that invests in rapidly growing environmental markets. Prior to that, she held a number of executive level positions including Executive Vice President and Head of International Investments for Schroders Investment Management N.A. and Managing Director and Head of International Institutional Investments at Scudder Kemper Investments. She began her career as an equity analyst at SKB & Associates in San Francisco. Deborah received a B.A. in International Relations and Asian Studies from Tufts University and holds graduate degrees from Harvard University, University of California Berkeley and Yale University. She is a past Board Chair and a member of the investment committee of the National Wildlife Federation, and an advisory board member of the Center for Business and the environment at Yale and is a Lecturer in Forest and Ecosystem Finance at Yale.

Paul Von Steenburg

Paul Von Steenburg

Managing Director, CFA, CAIA

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Paul Von Steenburg

Managing Director, CFA, CAIA

Strategic Solutions

Paul Von Steenburg is a member of the Investment and Asset Allocation Committees of Commonfund Asset Management. Paul is a senior member of the Investment team with specific responsibility for overseeing real asset strategies and private real estate investments. He is primarily responsible for real estate investments, asset allocation recommendations, portfolio oversight, manager selection and tactical rebalancing. Prior to joining Commonfund, Paul was a Vice President in the consulting division of Wilshire Associates, where he advised institutional investors. Paul was also the Chair of Wilshire’s Hedge Fund Committee, where he was responsible for conducting research and providing advice on the selection of hedge fund managers. Prior to Wilshire, Paul worked in equity research for Waddell & Reed Asset Management. He also spent five years with the Instinet Group as Manager of the Global Correspondent Trading Group. Paul earned a M.B.A in Finance from Cornell SC Johnson College of Business and a B.S. from Rutgers University. Paul also holds the Chartered Financial Analyst and Chartered Alternative Investment Analyst designations, and serves as a member of the investment committee for the Save the Children Foundation and Chair of the Wilton Employees Retirement Investment Committee.

Timothy T. Yates, Jr.

Timothy T. Yates, Jr.

Managing Director

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Timothy T. Yates, Jr.

Managing Director

Strategic Solutions

Timothy T. Yates, Jr. is a Managing Director and responsible for custom solutions for clients across public and private markets. In this role, he leads a team of investment professionals that advise, implement and monitor custom investment solutions. He is also a senior member of the firm’s private emerging markets portfolio leadership team with a particular focus on Latin America. Tim joined Commonfund as an associate in the Commonfund Capital Associate Program. He later joined the Strategic Solutions Group, Commonfund’s OCIO platform, where he was responsible for the design, tailoring and implementation of total portfolio solutions. Before joining Commonfund, Tim was an instructor of Spanish and Italian at Fordham Preparatory School. He holds an M.B.A. in Finance with a designation in International Business from Fordham University and a B.A. in Modern Languages from Trinity College. Tim is also a member of the investment committee for St. Paul’s Church in Fairfield.

*As of December 31, 2018

**2018 Institutional Asset Management Awards sponsored by Fundmap, a Pageant Media company.  The awards recognize the best-in-class firms serving the North American institutional market. The winners were chosen by a panel of buy-side judges who cast votes for the top managers and consultants serving three different classes of investors: foundations & endowments (F&Es) with more than $1 billion in assets, F&Es with under $1 billion in assets, and pension plans.

1 Performance cannot be guaranteed. Past results may not be indicative of future performance.

Institutional Asset Managment -Highly commended Commonfund

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