Ken Ferguson was named a partner in First Quadrant, said Katherine McMillan, spokeswoman. He remains co-director of global derivatives. Mr. Ferguson has mainly focused on tactical asset allocation, currency and global macro products since joining First Quadrant in 1994. "We are pleased to promote Ken in recognition of his long-term contribution and his growing responsibilities for our global derivatives products," said Max Darnell, partner and CIO. First Quadrant, an affiliate of Affiliated Managers Group, has about $20.5 billion in assets under management.
William T. Spitz, treasurer and vice chancellor for investments at Vanderbilt University, Nashville, Tenn., received Hirtle, Callaghan's 2005 Award for Investment Leadership, said Ivan Peill, spokesman for Hirtle, Callaghan. The award honors "exemplary investment management performance and unwavering professional ethics," according to a Hirtle, Callaghan news release. Since assuming responsibility for Vanderbilt University's endowment in 1985, Mr. Spitz has increased its assets to $2.5 billion from $300 million, placing the fund in the top quartile for the last five-year and 10-year periods in the Cambridge Associates Endowment Universe. As part of the award, Hirtle, Callaghan will give Vanderbilt University's Owen Graduate School of Management a $50,000 cash grant to fund independent capital markets research. Outside his work at the university, Mr. Spitz is a founder and director of Diversified Trust and sits on the advisory committees of several investment funds, including Acadia Realty Acquisition Fund.