OCIO Specialist Hirtle Callaghan Taps Eagan for West Coast Push

Feb 17 2017 | 6:06pm ET

Outsourced CIO pioneer Hirtle Callaghan has announced the formation of a new office in San Francisco and the appointment of former AllianceBernstein executive Dan Eagan as a director in its portfolio management group. 

In his new role, Eagan will grow the firm’s existing client base in Northern California, according to a statement. He will be based in the new San Francisco office and will work closely with Hirtle Callaghan’s staff in Scottsdale, Arizona to expand their presence on the West Coast.  

Eagan brings 30 years of investment industry experience to Hirtle Callaghan. He was most recently a managing director at global financial services giant Alliance Bernstein, where he served as both the lead contact servicing institutional client relationships as well as head of the wealth management group.  Beforehand, he was a senior portfolio manager and co-head of domestic equities for BlackRock, and was an institutional consultant at Mercer Investment Consulting.  

“Our kind of sophisticated, custom-designed investment solution can only be delivered through professionals like Dan Eagan,” said Jon Hirtle, co-founder and executive chairman of Hirtle Callaghan. “His integrity, talent, experience and highly developed ability to engage with clients define what we are looking for in a professional.  We are thrilled that Dan is joining our team.” 

Founded in 1988 and based in Philadelphia, Hirtle Callaghan is widely considered to have pioneered the outsourced chief investment officer model, a service offering designed to provide conflict-free CIO and investment department skills to family offices and institutions that did not want to manage and pay for internal staff.

As an organization of CIOs, the company sells no products, instead pooling purchasing power and aggregate expertise to design and manage custom-designed investment programs for family and institutional investors.

These programs are executed through independent money managers, specialized index funds, multi-manager hedge fund and private equity pools, as appropriate. The company supervises more than $20 billion of family, endowment, foundation, healthcare and pension assets in 46 states.

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