Institutional Investors People Moves

Caltech hires HF expert as CIO

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Scott Richland is now the chief investment officer at the approximately $1.7 billion endowment The California Institute of Technology.

Richland will work closely with the investment committee of the Board of Trustees and the team in the institute's investment office to manage Caltech University's increasingly diverse array of security holdings and investment properties.

Previously, he was president of Lunada Bay Investors, a private investment firm with interests in a variety of strategies including hedge funds. He is also an adviser to Evolved Alpha, a multi-strategy hedge fund, and he has worked for six years as president of a