Institutional Investors People Moves

Hammond hires university CIO


Carla McGuire has joined Hammond Associates as a principal of outsourced CIO Services at the investment consulting firm.

DePauw University, which ended up suing consulting firm Hennessee Group over an investment with the failed Bayou hedge fund, is welcoming the expansion of its relationship with Hammond that will allow McGuire to stay on board as chief investment officer of its $500 million endowment fund.

The relationship with Hammond will allow access to broader and deeper resources and will result in a reduction in overall costs for DePauw, said DePauw president Brian Casey. According to Hammond, McGuire will be working