The Maryland-based Harry and Jeanette Weinberg Foundation has hired John Lingenfelter as its new vice president of finance. Prior to joining the foundation, Lingenfelter was vice president of finance at Morgan Stanley in Baltimore.
In this newly created position, Lingenfelter will monitor and report on the $2 billion foundation’s financial investments, which includes hedge funds. According to the group’s annual report, the 2010 fiscal year saw the total market value of the foundation’s assets rise 11.1% to $2 billion – in contrast to the previous year, when the value fell 24.4% to $1.8 billion.
Last year, Donn Weinberg