Christopher Longee and John Moehling joined the $3.5 billion University of Chicago endowment as director of public equities and real assets and director of fixed income and structured products, respectively, said Philip Halpern, vice president and chief investment officer. Mr. Longee was managing director of real assets at the $1.6 billion Brown University endowment, Providence, R.I. Mr. Moehling was senior vice president of fixed income at Duff & Phelps Investment Management Co., Chicago.They indirectly succeeded Carla McGuire and Steven P. Klimkowski; both left the endowment last year. Mr. Halpern said some duties were reorganized so the new positions don't coincide with the vacant ones. Heidrick & Struggles International Inc.'s Chicago and Houston offices assisted.
Brown is searching for a replacement for Mr. Longee, who oversaw a 17% allocation to real assets, including real estate, timberland, commodities, and oil and gas, said a spokeswoman. She said whether Brown uses a recruiting firm depends on the candidate pool without using one, she said. Qualifications include at least three years of experience in real estate analysis and a proven track record of manager selection, she said.
Duff & Phelps officials couldn't be reached about how Mr. Moehling will be replaced.