Stefan Strein, Cleveland Clinic’s vice president and chief investment officer for more than 10 years, will depart from the organization on April 10, a health system spokesperson confirmed to Becker’s.
Mr. Strein has been appointed president, CEO and chief investment officer of Chapel Hill, N.C.-based UNC Management Co., according to a March 16 news release from the company. The organization provides investment management services to the Chapel Hill-based University of North Carolina System, its constituent institutes and their affiliated endowments and foundations.
Mr. Strein became Cleveland Clinic’s inaugural chief investment officer in 2015. In that role, he oversaw investment portfolios totaling $17 billion across long-term, short-term, pension and insurance assets, as well as an additional $16 billion in defined contribution retirement plan assets.
Prior to that, he spent a decade as chief investment officer at Annie E. Casey Foundation, a private national philanthropy, where he managed its $2.9 billion endowment portfolio, the release said.
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