New York - Bear Measurisk, a majority owned subsidiary of Bear Stearns Asset Management Inc. (BSAM), announced that it has been selected to provide risk analytics for Commonfund's Alternative Investment Group. Commonfund is a distinguished leading investment advisor to non-profit organizations.
Commenting on the selection, Nick DeMonico, who is responsible for the Alternative Investment Group at Commonfund, said, "We were impressed by the Bear Stearns commitment to the Bear Measurisk business. This commitment combined with the high level of customer service at Bear Measurisk and superior risk analytics of the product affected our decision to hire them over a number of highly qualified competitors in this area."
Andrew Lapkin, president of Bear Measurisk, said, "We are excited to be working with Commonfund, one of the premier money managers in the endowment area. To be able to assist Commonfund, which has distinguished and exemplary investment programs, is a testament to the strength and depth of Bear Measurisk."
"Commonfund's selection of Bear Measurisk re-enforces our belief that risk management is at the center of the investment process," commented Rich Marin, chairman and chief executive officer of BSAM. "The addition of Commonfund to the Bear Measurisk client roster adds another top quality institution that is at the forefront of providing investment advice and solutions to their clients."
About Bear Measurisk LLC
Bear Measurisk LLC, a majority owned subsidiary of Bear Stearns Asset Management Inc., is a leading provider of sophisticated risk transparency and risk monitoring solutions. Bear Measurisk's independent, third party risk solutions are designed to evaluate and address the diverse risk management needs of pension plans, endowments and foundations, insurance companies, hedge funds and funds of hedge funds. Bear Measurisk maintans separate staff, offices and data center facilities from Bear Stearns. Client confidentiality is Bear Measurisk's highest priority. For additional information about Bear Measurisk, please visit the website at www.bearmeasurisk.com.
Founded in 1971, Commonfund is devoted to enhancing the financial resources of educational and other nonprofit institutions including endowments, foundations, healthcare and service organizations through superior fund management, investment advice, and treasury operations. Directly or through its subsidiaries, Commonfund Capital, Commonfund Realty, and Commonfund Asset Management Company, Commonfund manages approximately $36 billion for more than 1,600 educational institutions, foundations, healthcare and other nonprofit institutions, representing one of the largest pools of educational endowment and operating funds in the world. In response to the growing needs of nonprofit institutions, Commonfund, together with its subsidiary companion organizations, offers more than 45 different endowment investment programs including funds for the management of short- and intermediate-term operating cash reserves.