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Quadrangle appoints new managing principal

Investment firm Quadrangle Group has appointed Alice Ruth as its new managing principal and chief investment officer of its investment management business Quadrangle Asset Management.

Ms Ruth brings to Quadrangle significant investment management expertise and experience in launching new investment strategies. She most recently served as chief investment officer of the Gordon and Betty Moore Foundation, where she oversaw the management of a $6 billion investment portfolio and supervised a team of investment professionals.

Steven Rattner, managing principal of Quadrangle, said: We are delighted to welcome Alice to our team. Her extensive investment management experience and track record in managing and launching new investment strategies make her ideally suited to lead QAM.