Thursday, 20 October 2016
Last updated 29 min ago
May 27 2014 | 2:26pm ET
Hirtle Callaghan, pioneers of the outsourced chief investment officer model, has added pension expert Nicholas Botticelli to its team. Botticelli joins as director of investment strategy and head of pension portfolio management.
Botticelli spent 17 years at Verizon Investment Management, advancing to the role of executive director of global investments for the pension plan, 401k and other affiliated plans. As executive director, he reported directly to the CIO and was responsible for manager selection, due diligence and supervision of $40 billion in global equities, global bonds, hedge funds, currencies and commodities.
"We are thrilled to welcome Nick to our firm," said Jonathan Hirtle, CEO and co-founder of the firm. "He is a tremendous professional who will fit right into the team."
"Nick is a great guy and fabulous add for the team and the firm," said Tom Cowhey, Hirtle Callaghan's chief investment strategist. "He brings even greater breadth and depth to our senior management team which is critical to fulfilling our leadership role in the industry."
Hirtle Callaghan pioneered conflict-free open investment architecture and the professional outsourced CIO in 1988. Now with $24 billion under direct supervision, the firm “works closely with family, pension fund, endowment, foundation and health care clients managing complete, globally diversified, valuation dominant, conflict-free investment programs emphasizing the significance of capital-allocation and risk management.”