By Mary Romano
(Bloomberg) --Kelsey Deshler, global head of manager research at BlackRock Inc., was named Carleton College’s chief investment officer.
Deshler will join the Northfield, Minnesota-based college in late March, Carleton said Tuesday in a statement. She replaces Jason Matz, who left after 12 years to become CIO of the GHR Foundation.
Deshler, a native Minnesotan, will be responsible for the day-to-day management of the college’s $828 million endowment and the Minneapolis-based investment office.
More than a half-dozen schools have sought new leadership amid growing turnover of their investing chiefs. Harvard University, Dartmouth College, University of Virginia and Johns Hopkins University have hired new endowment heads in the past 18 months.
At BlackRock in New York, Deshler managed a global team of investment researchers across asset classes. Prior to that, she worked at Credit Suisse Asset Management as a portfolio manager and research head.
Carleton is a private college of 2,000 students located 40 miles south of Minneapolis and St. Paul. The endowment gained 14.4 percent in fiscal 2017, an annualized 8.1 percent for five years and 5.2 percent for the past 10 years, according to the school.
To contact the reporter on this story: Mary Romano in New York at [email protected] To contact the editors responsible for this story: Margaret Collins at [email protected] Mary Romano, Josh Friedman