Stony Brook Foundation Hires CIO | Chief Investment Officer

David Marcus, Stony Brook David MarcusThe Stony Brook Foundation has hired David Marcus as CIO to run its $447 million investment portfolio, the organization confirmed this week.

Marcus succeeds Erin Abouzaid, the New York-based university foundation’s inaugural CIO, who left the role earlier this year after four years to join hedge fund Hitchin Hill Capital.

Marcus joins from Bermuda-based asset management firm SHL Capital, where he was a managing director for two years. Prior to this, he spent 16 years running endowment portfolios, including the $1 billion Juilliard School fund in New York and a $3 billion portfolio for Dartmouth College in New Hampshire.

“We couldn’t be more pleased that David, with his proven experience and track record, has joined the Stony Brook Foundation,” said Ashvin Chhabra, chair of the foundation’s investment committee chair and investment chief of Euclidean Capital, Renaissance Technologies Founder James Simons’ family office. “I have the utmost confidence that David will continue to maximize the return on our donors’ investment to advance the noble mission of Stony Brook University.”

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Marcus said he hoped to build on the “excellent work” of his predecessor in advancing the university’s aim to aid students from financially disadvantaged backgrounds.

He has a degree in finance from the University of Pennsylvania and an MBA from the University of Chicago.

frank roeters van lennep pggm Frank Roeters van LennepPGGM has appointed infrastructure head Frank Roeters van Lennep as private markets CIO, the Dutch pension manager announced Thursday.

Van Lennep, who first joined PGGM in 2014, fills the role vacated by Ruulke Bagijn, who departed earlier this year to join AXA Investment Managers in Paris.

“Ruulke has been a prominent colleague and representative of PGGM,” said CIO Eloy Lindeijer in announcing her departure. “She has led the expansion of our private markets platform, which offers clients access to investments in private equity, infrastructure, real estate, and other non-listed assets.”

In addition to his new role, van Lennep will continue to lead the €200.2 billion ($225 billion) fund’s €7.5 billion in infrastructure investments until PGGM has found a successor.

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Previously, he was a partner at KPMG focusing on debt advisory and infrastructure activities. He has also served as a manager responsible for structured finance investments at APG (then called ABP).

Van Lennep holds master’s degrees in business administration and monetary economics from INSEAD and Erasmus University Rotterdam.

Related: PGGM Loses Private Markets CIO