One year ago
| Gina Sanchez |
>> Gina Sanchez left her position as director of public markets at the $10 billion Ford Foundation after less than half a year on the job. Sanchez had joined in September 2009 from The California Endowment, a private health foundation, to spearhead Ford’s allocations to hedge funds and long-only managers.
Sanchez left Ford to work at Roubini Global Economics. She said she is director of equity and asset allocation strategy and just launched a new service serving institutional clients like pensions, foundations, endowments and family offices to “evaluate and recommend strategic and tactical asset allocation based on Roubini’s risk assessment utilizing the National Balance Sheet method of risk identification.”
At Ford, Sanchez had worked alongside Mark Baumgartner, who joined the foundation in the summer of 2009 as director of asset allocation and risk. Both took over the responsibilities of Larry Siegel, director of research, who retired in July 2009.
Today, Bill Artemenko heads up the foundation’s hedge fund allocations. He joined in late 2010 from Fortress Investment Group, where he co-managed the Fortress Partners Fund. His title is director of hedge fund investments, a new role. Ford is in the process of evaluating its hedge fund, long-only, and private equity portfolios, and will likely increase its allocations in all three areas this year, according to a person familiar with the firm.
Ford did not immediately respond to a request for comment and details on how much Ford plans on allocating to each area could not be ascertained. Artemenko reports directly to Eric Doppstadt, who was made chief investment officer in late summer 2009. Working with Artemenko is Jeff Gatto, Ford’s associate director of hedge funds. Gatto joined the foundation in February 2010 from Morgan Stanley Investment Management.
Five years ago
>> A snowmobile accident in upstate New York killed Taylor Companies founder Tommy Taylor.
| Tommy Taylor |
Taylor, 63, was known for running Taylor & Company, which oversaw investments for members of the Bass family of Fort Worth, Texas from 1978 through 1999. Taylor left in 2001 to found his eponymous investment firm, which he led until his unexpected death while on a guided off-road expedition with his wife, Linda.
Today, co-founder Kevin McDonald and chief investment officer Barry Cronin run Taylor Companies’ various fund of hedge funds offerings, according to the firm’s website.
