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D. Ellen Shuman


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

Ms. Shuman co-Founded Edgehill Endowment Partners in 2012, an investment firm based in New Haven, Connecticut, that manages the entire endowment of a limited number of mid-sized tax-exempt institutions. In 2019 she transitioned to a strategic role at Edgehill and serves as Partner Emerita. That same year she was appointed by Governor Lamont to the State of Connecticut’s Investment Advisory Council, where she serves as its Chair. The IAC advises the Treasurer on the investment of the State’s pension assets of approximately $40 billion.

Prior to founding Edgehill, Ms. Shuman served as Vice President and Chief Investment Officer of Carnegie Corporation of New York from 1999 to 2011 where she was responsible for investing its $2.4 billion endowment, including asset allocation and manager selection. She oversaw the diversification 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 as Director of Investments, reporting to Chief Investment Officer David Swensen. Her focus was real estate, a nascent asset class at the time. She was a lecturer at Yale College and the Yale School of Management from 1994 to 1998.

Ms. Shuman is on the board of JBG Smith (NYSE:JBGS), a public REIT based in Washington, D.C. that was selected by Amazon to be its HQ2 development partner.

She is a former trustee and investment committee member of Bowdoin College (1992-2013), including service as Vice Chair. Other non-profit board service includes The Investment Fund for Foundations (2000-2009), and the Edna McConnell Clark Foundation (2009-2013).

Ms. Shuman volunteers as an Investment Advisor to 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, and is a CFA® charterholder.  She lives in New Haven, CT.