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Endowments and Foundations

University of Michigan hires managing director of investments

Daniel E. Feder

Daniel E. Feder will join University of Michigan's investment office as managing director of investments, effective Oct. 2.

Mr. Feder will head the team managing the $2.8 billion private equity/venture capital portfolio of the university's $11 billion long-term endowment, said Lauren Thorne, a spokeswoman.

Mr. Feder replaces Joan M. Thowsen, who is leaving UM's investment office. Her plans could not be learned.

Previously, Mr. Feder was managing director of private markets for the $7.5 billion endowment of Washington University, St. Louis. Julie Hail Flory, a Washington University spokeswoman, did not return an email seeking information about Mr. Feder's replacement.