GNOF Names CA Capital Management To Oversee Investments
NEW ORLEANS – The Greater New Orleans Foundation (GNOF) has named CA Capital Management as its outsourced investment office, tasked with managing its $200 million investment portfolio.
“We trust that CA Capital Management will protect and grow the foundation’s assets,” said Ryan Crespino, vice president of finance and administration for the Greater New Orleans Foundation. “They are experts in the field of managing endowments and 60 percent of their clients are nonprofit institutions, including many U.S. universities and foundations.”
CA Capital Management is Cambridge Associates outsourced investment office (OCIO) business. Built to replicate the best practices of successful in-house investment offices, CA Capital reps said they provide their clients with a dedicated team of endowment management experts who have access to Cambridge Associates’ global research, risk management, and investment operations resources.
“We are thrilled that the Greater New Orleans Foundation selected CA Capital as its outsourced investment manager for the Foundation’s assets,” said Sandra A. Urie, chairman and CEO of Cambridge Associates. “We know the long-term impact that the Foundation can have on the region, and we look forward to helping GNOF maximize its investments to put as many dollars to work as possible to address community needs.”
The Foundation’s Investment Committee will work closely with CA Capital Management to define the strategy and investment policies that will guide how CA Capital invests GNOF’s assets.
“Over the last three decades, our portfolio has grown from $4 million to more than $200 million, primarily through the generosity of our donors,” said Luis Zervigon, chair of the Investment Committee. “The portfolio is now of a size where we need a dedicated team of investment experts to build, manage, and grow it.”
The Greater New Orleans Foundation is the community foundation serving a 13-parish Greater New Orleans metropolitan area. Foundation reps said they design and lead initiatives that improve the region, connect donors to community needs, identify and support great nonprofits and strengthen civil society.