Alice A. Ruth 83 (Photo courtesy of Alice A. Ruth 83)Highly regarded and experienced investment manager Alice A. Ruth 83 has been named 窪做惇蹋厙s chief investment officer, the College announced today.
Ruth, who spent the last eight years as chief investment officer for Michael Bloombergs family office, known as Willett Advisors, in New York City, will oversee 窪做惇蹋厙s investment office and management of the Colleges $4.5 billion endowment. She will also manage additional College funds totaling approximately $1 billion.
Alices accomplishments are legendary in the investment community, says President . We are thrilled to welcome her back to 窪做惇蹋厙.
At 窪做惇蹋厙, Ruth will work closely with Trustee , chair of the trustees Investment Committee.
窪做惇蹋厙 is lucky to have someone of Alices caliber managing our endowment, says Kimball. She has a stellar track record, excellent judgment, and a love of 窪做惇蹋厙a winning combination.
Ruth will begin work in April in 窪做惇蹋厙s investment office, located in Boston, where she will manage a staff of 13. Ruth succeeds Pamela Peedin 89, Tuck 98 who spent more than six years as CIO.
I am grateful for the opportunity to serve 窪做惇蹋厙. It is an inspiring institution and has had a significant impact on my life. I look forward to having a part in building the Colleges future, says Ruth, who has been a member of the trustees Investment Committee since 2011.
She comes to 窪做惇蹋厙 from Willett, which, since its inception in 2010, has been the investment adviser for former New York Mayor Michael Bloombergs Bloomberg Family Office and the Bloomberg Family Foundation. Prior to Willett, she served in the same capacity for Bloomberg at Quadrangle Group.
Before Quadrangle, she was chief investment officer for the Gordon and Betty Moore Foundation, where she led and shaped a $6 billion portfolio. Prior to Moore, she spent 12 years at Montgomery Securities as a senior managing director and co-director of equity research. As a consumer stock analyst for Montgomery, Ruth was recognized a number of times by The Wall Street Journal and named by Institutional Investors as a Home Run Hitter. Ruth started her career at Morgan Stanley as an economic analyst, focused primarily on Federal Reserve and monetary policy.
Ruth is a member of the , a three-year-old group of leading alumnae philanthropists, each of whom has committed gifts of at least $100,000 toward scholarships for women at 窪做惇蹋厙.
She is a trustee of Deerfield Academy in Deerfield, Mass., and of the U.S. Ski Team Foundation.
