Printer Friendly

ROBERT SHULTZ JOINS THE COMMON FUND

 WESTPORT, Conn., Dec. 13 /PRNewswire/ -- The Common Fund announced today that it had appointed Robert E. Shultz senior vice president in charge of its nine domestic equity funds. These funds -- which range in size from the original equity fund now totaling $2.5 billion to the $350 million specialized long/short equity fund -- manage approximately $4 billion for more than 1300 universities, colleges and independent schools.
 Prior to joining The Common Fund, Mr. Shultz's investment management experience included pension fund supervision for such major plan sponsors as NYNEX, IBM and RJR Nabisco. Most recently he served as managing director for Trust Company of the West, where he was responsible for client and consultant relations as well as oversight of non-marketable securities programs. Mr. Shultz's other responsibilities will also include supervision of the research and analysis function for the more than $16 billion managed by The Common Fund.
 Commenting on this appointment, David K. Storrs, president and CEO stated, "Bob is a well-known innovative thinker and leader in the investment management industry. He believes in active management and was one of the first pension fund officers to espouse normal portfolios and performance fees. He has strong experience in selecting and monitoring fund managers for major institutional clients. The educational community is extraordinarily fortunate to have a man of Bob's talent join The Common Fund."
 The Common Fund is a non-profit membership corporation which manages $16 billion of U.S. and foreign stock and bond investments for over 1300 member colleges, university and independent schools. It is the largest pool of educational endowment and operating funds in the world.
 -0- 12/13/93
 /CONTACT: David K. Storrs, president and CEO of The Common Fund, 203-341-2070, or Desmond Towey or Bernadette McLaughlin, both of Desmond Towey & Associates, 212-888-7600/


CO: The Common Fund ST: Connecticut IN: FIN SU: PER

TM -- NY009 -- 3021 12/13/93 08:59 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Dec 13, 1993
Words:314
Previous Article:QUINCY JONES JOINS MARVEL BOARD OF DIRECTORS
Next Article:APPLE DELIVERS NEW APPLESCRIPT SCRIPTER'S KIT FOR SOLUTION PROVIDERS
Topics:

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters