American Red Cross Looks To Focus On In-House Portfolio Design

Alexandru Grigorescu, director of investments at American Red Cross, said the nonprofit has been focusing on building more completion and hedging portfolios internally and looking at ways to improve its risk implementation. External managers are not a focus at this time as the organization does not believe it can add value to its process through externally managed portfolios, Grigorescu said in an interview on the sidelines of Investor EQD – Austin.