Key Takeaways
- • Verger Capital Management promoted Co-Chief Investment Officer Craig Thomas to Chief Investment Officer, per the firm's announcement.
- • Verger, an outsourced CIO (OCIO) advisory firm formed in 2014 out of the Wake Forest Office of Investments, manages $2.5 billion in assets, according to CEO Jim Dunn.
- • Thomas is a co-founder of Verger and has shaped the firm's vision and investment strategy alongside Dunn.
- • Dunn, who remains CEO and remains closely involved in asset management, will devote more time to strategic vision and long-term growth.
Summary
Verger Capital Management has promoted Co-Chief Investment Officer Craig Thomas to Chief Investment Officer, the firm announced. Thomas, a co-founder, has played a central role in shaping the company's vision and investment strategy alongside Jim Dunn, Verger's Chief Executive Officer and former CIO.
Verger was formed in 2014 out of the Wake Forest Office of Investments. The firm provides discretionary outsourced Chief Investment Officer (OCIO) advisory services to non-profit endowments and foundations, including Wake Forest and its affiliates. The firm reports $2.5 billion in assets under management.
Dunn said Thomas has been instrumental in establishing Verger as a trusted partner in the OCIO space, and that his elevated role will further enhance the firm's capabilities. Dunn stated that he will remain closely involved in managing Verger's assets, but that Thomas's leadership will allow him to focus more time on the firm's strategic vision and long-term growth.
Verger was formed in 2014 out of the Wake Forest Office of Investments. The firm provides discretionary outsourced Chief Investment Officer (OCIO) advisory services to non-profit endowments and foundations, including Wake Forest and its affiliates. The firm reports $2.5 billion in assets under management.
Dunn said Thomas has been instrumental in establishing Verger as a trusted partner in the OCIO space, and that his elevated role will further enhance the firm's capabilities. Dunn stated that he will remain closely involved in managing Verger's assets, but that Thomas's leadership will allow him to focus more time on the firm's strategic vision and long-term growth.
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