D. Ellen Shuman
Vice President and
Chief Investment Officer

As vice president and chief investment officer of Carnegie Corporation of New York, D. Ellen Shuman oversees the management of the Corporation's $3 billion portfolio (as of September 30, 2007, the Corporation’s fiscal year-end). She joined the Corporation in 1999 to lead its investment stewardship and is committed to maintaining a record of robust investment performance. The Corporation maintains a highly diversified portfolio, utilizing primarily equity and equity-like asset classes and strategies to generate strong risk-adjusted returns over a long time horizon.

Before joining Carnegie Corporation, Shuman served as director of investments at Yale University, where she had responsibility for the endowment's real estate investments and capital markets activities. In addition, during her almost 15 years at Yale, Shuman taught several courses on finance and investments at the Yale School of Management and Yale College.

Shuman is a graduate of Bowdoin College where she received her B.A. and of Yale University where she earned an M.B.A. from the Yale School of Management. In addition, she was awarded the C.F.A. designation in 1992.

Shuman is active in educational and foundation organizations. She is a member of the board of trustees at Bowdoin College and a member of its investment committee and serves on the board of The Investment Fund for Foundations (TIFF). Shuman also serves as an investment advisor to the Edna McConnell Clark Foundation, the Community Foundation of Greater New Haven and the American Academy of Arts and Letters. She is a board member of General American Investors (NYSE:GAM), one of the oldest closed-end funds in the United States.