Institutional Investors People Moves

Zimmerman on Commonfund board

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Bruce Zimmerman is expected to begin a three-year term in December as trustee to the Commonfund of Non-profit Organizations, according to University of Texas Investment Management Co. recent board meeting minutes.

Trustees were told that Zimmerman's service at Commonfund will benefit UTIMCO due to the increased exposure and access it provides to the investment community.

Zimmerman has been chief executive officer and chief investment officer of $19 billion endowment since 2007. Previously, he was global head of pension investments for Citigroup, where he revamped a $12 billion pension plan portfolio. Upon joining UTIMCO, Zimmerman also held a board seat