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D. Ellen Shuman


Ms. Shuman is a member of the Investment Committee of Brandywine Group Advisors.

Ms. Shuman is a founder and Managing Partner of Edgehill Endowment Partners, an investment firm based in New Haven, Connecticut, that manages the endowments of a limited number of mid-sized tax-exempt institutions.

Prior to founding Edgehill, Ms. Shuman served as Vice President and Chief Investment Officer of Carnegie Corporation of New York from 1999 to 2011. In that position, she was responsible for investment of its $2.4 billion endowment, including asset allocation, portfolio risk analysis and manager selection. She oversaw the expansion of the Corporation’s traditional portfolio into alternative assets, including absolute return, private equity and real estate. Ms. Shuman worked in the Yale University Investments Office from 1986 to 1998. She reported to the Chief Investment Officer and was active in all areas of the portfolio, in particular the development of its real estate program. She was a lecturer at Yale College and the Yale School of Management from 1994 to 1998.

Ms. Shuman is a former trustee and investment committee member of Bowdoin College (1992-2013), including service as Vice Chair. Other board service include The Investment Fund for Foundations (2000-2009) the Edna McConnell Clark Foundation (2009-2013), and General American Investors (NYSE:GAM), one of the oldest closed end funds in the United States (2006-2013). In addition to Brandywine, she currently serves on the investment committees of the American Academy of Arts and Letters and the Community Foundation of Greater New Haven.

Ms. Shuman is a graduate of Bowdoin College and the Yale School of Management. She is a CFA® charterholder.