Commonfund
Based in Connecticut, Commonfund is an American asset management firm founded in 1971 with a seed grant from the Ford Foundation. As a private nonprofit organization, the firm manages customized investment programs for endowments, foundations, public pension funds, and other mission-driven institutions.[1] The organization has additional offices in New York City, San Francisco, London, and Beijing.
Type | Nonprofit corporation |
---|---|
Industry | Asset management |
Founded | 1971[1] |
Headquarters | , U.S. |
Number of locations | 5 offices |
Area served | Worldwide |
Key people | Mark Anson (CEO), Robert Litterman (Chairman) |
AUM | US$26 billion (2019) |
Number of employees | 240[2] |
Website | www |
Along with Yale University CIO David F. Swensen, Commonfund helped pioneer applying the "endowment model" of investing to institutional investor portfolios. As of 2019, Commonfund had approximately US$26 billion in assets under management. Commonfund is currently the second-largest manager of outsourced endowment assets in the U.S. (surpassed only by the Vanguard Group).[3]
Commonfund also operates the Commonfund Institute, which provides the investment management field with investment research and professional development programs such as the Commonfund Benchmark Studies, the Commonfund Higher Education Price Index (HEPI), the Commonfund Forum, and the Investment Stewardship Academy. The company is active in the fields of responsible and impact investing as well.[4]
References
- Idzelis, Christine (11 September 2018). "Can Commonfund Compete?". Institutional Investor. Euromoney Institutional Investor. Retrieved 29 December 2019.
- Baschab, John; Piot, Jon (15 July 2010). Outperform: Inside the Investment Strategy of Billion Dollar Endowments. Wiley. John Wiley & Sons. ISBN 9780470651308. Retrieved 29 December 2019.
- Walker, Danielle (24 June 2019). "More endowments, DC plans make OCIO jump". Pensions & Investments. Crain Communications. Retrieved 29 December 2019.
- "Commonfund Launches Diverse Manager Portal to Broaden Client Access to Diverse Investment Talent". PR Newswire. Cision. 10 September 2019. Retrieved 28 September 2020.