Nina F. Scherago was named to the new position of managing director of The Investment Fund for Foundations, effective Nov. 1.
David A. Salem, president and CEO of The Investment Fund, said among Ms. Scherago's duties will be to work with hedge fund managers to offer investment strategies to clients, whose goal is to achieve consistent absolute returns.
Ms. Scherago currently is managing director of private investments at the Howard Hughes Medical Institute, where she oversees $1.3 billion.
She has not yet been replaced.
