Princeton, N.J.—The Robert Wood Johnson Foundation (RWJF) today announced that Robert B. Litterman, PhD, has joined its Board of Trustees. The Board leads the nation’s largest philanthropy devoted exclusively to improving the health and health care of all Americans.
Litterman, known as a groundbreaking figure in the field of risk management, currently serves as chairman of the Risk Committee of Kepos Capital, LP, a globally focused asset management firm. In 2009, he retired from a 23-year career at Goldman, Sachs & Co., where he was a partner overseeing the Quantitative Investment Strategies Group and Global Investment Strategies.
During his tenure at Goldman, Litterman co-developed the Black-Litterman Global Asset Allocation Model, a widely known mathematical tool for portfolio application, with the late economist Fischer Black. In 2008, he was presented with the Nicholas Molodovsky Award by the CFA Institute Board for making contributions “of such significance as to change the direction of the profession and to raise it to higher standards of accomplishment.” He also was the first to receive the S. Donald Sussman Fellowship at Massachusetts Institute of Technology’s Sloan School of Management in 2012.
For the past four years, RWJF has benefitted from Litterman’s expertise through his role as adviser to the Board of Trustee’s Investment Committee. “Bob has done a terrific job as an adviser to our Board, and we are delighted that RWJF will now be able to benefit more directly from his considerable knowledge,” said Foundation Board Chair Roger Fine, JD. “He is a welcome addition to the Board.”
Litterman is the co-author of several books including The Practice of Risk Management and Modern Investment Management: An Equilibrium Approach. Before joining Goldman Sachs in 1986, he taught at MIT and worked at the Federal Reserve Bank of Minneapolis.
“Bob has a solid understanding of the role that philanthropy plays in creating positive change in society, and we are looking forward to the thoughtful leadership he will provide as a Trustee,” said RWJF President and CEO Risa Lavizzo-Mourey, MD, MBA.
Litterman holds a PhD in economics from the University of Minnesota and a BS in human biology from Stanford University. He serves on the boards of the Commonfund, the Alfred P. Sloan Foundation and the World Wildlife Fund.
The Robert Wood Johnson Foundation focuses on the pressing health and health care issues facing our country. As the nation’s largest philanthropy devoted exclusively to health and health care, the Foundation works with a diverse group of organizations and individuals to identify solutions and achieve comprehensive, measurable, and timely change. For more than 40 years the Foundation has brought experience, commitment, and a rigorous, balanced approach to the problems that affect the health and health care of those it serves. When it comes to helping Americans lead healthier lives and get the care they need, the Foundation expects to make a difference in your lifetime. For more information, visit www.rwjf.org.Follow the Foundation on Twitter at www.rwjf.org/twitter or on Facebook at www.rwjf.org/facebook.