Broad Foundation Announces New CIO
From the PR Newswire:
Marc A. Schwartz Named Chief Investment Officer of The Broad FoundationsLOS ANGELES, July 27 /PRNewswire/ -- The Broad Foundations announced today that Marc A. Schwartzhas been named chief investment officer of its $3 billion portfolio, working closely with founder Eli Broad. He will start Aug. 9.Schwartz joins The Broad Foundations from Reservoir Capital Group, a more than $4.5 billion hybrid fund where he served for nine years as managing director, principal and vice president. Schwartz was a senior