Hershey Trust Company hires new investment chief
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Posted By: How May I Help You NC on March 19, 2012 Hershey Trust Company has hired a 20-year veteran of the institutional investment management industry to oversee the $8.5 billion Milton Hershey School Trust, which funds Milton Hershey School. Eric Henry, who had been the chief investment officer of the $55 billion UAW Retiree Medical Benefits Trust, will take over management of HTC in mid-March. "Eric Henry is a top investment professional with exemplary experience who is the right person to position the Trust's portfolio for the future," said Bob Cavanaugh '77, Chairman of the Board of Directors of Hershey Trust Company and Board of Managers of Milton Hershey School. "He will work closely with the senior administration of Milton Hershey School to ensure we have the funds to operate the School today and into perpetuity." Since 2009, Henry was responsible for building and implementing an institutional investment program for the United Auto Workers' newly created retiree medical benefits trust fund. The fund was created by the courts to manage postretirement health care obligations and assets from GM, Ford, and Chrysler. All retiree health care benefits were transferred to the Voluntary Employee Benefits Association. Before taking over the helm of the UAW Trust, Henry served as Chief Investment Officer and Chief Executive Officer at the $15 billion Texas Municipal Retirement System. More: http://www.mhs-pa.org/newsroom/news-releas... If you enjoyed this article, Join HBCU CONNECT today for similar content and opportunities via email! |
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