Cystic Fibrosis Foundation, Bethesda, Md., hired Jack Mahler as its first chief investment officer, spokeswoman Laurie Fink said Friday.
Mr. Mahler was head of equities and the hedge fund program for the C$77 billion ($60.2 billion) Ontario Municipal Employees Retirement System, Toronto. Information on his replacement was not available by press time.
Executive search firm David Barrett Partners assisted with the search.
The foundation's assets grew dramatically in 2014 to $3.65 billion from $611 million in 2013, according to financial statements for those calendar years. In November 2014, a non-profit affiliate, Cystic Fibrosis Foundation Therapeutics, sold royalty rights for certain treatments to Royalty Pharma for $3.3 billion.
