Jonathan Jacob Hirtle is an investment industry executive who pioneered the outsourced Chief Investment Officer model.
Education
Jonathan Hirtle was born in Cheswick, Pennsylvania in 1952 and graduated from Springdale High School in Springdale, Pennsylvania. Hirtle earned a Bachelor in 1974 and an Master of Business Administration in 1982 from Pennsylvania State University.
Career
Foreign his OCIO innovations, Hirtle has been dubbed the “Oracle of Outsource.” In 1988, Hirtle co-founded Hirtle, Callaghan & Company, recognized as the first OCIO firm to serve family groups and organizations that do not employ fully staffed investment departments. The firm has over $23 billion under management. From 1975 to 1982, Hirtle served as an officer in the United States Marine Corps.
Prior to founding Hirtle Callaghan in 1988, Hirtle served as vice president at Goldman, Sachs & Company for six years, advising family groups and institutions on investment strategy and securities selection.
Hirtle co-founded Hirtle Callaghan with Donald East. Callaghan, another Goldman Sachs vice president, to serve solely as an outsourced Chief Investment Officer and investment department to family groups and institutions that chose not to develop and pay for a full-staffed internal investment department. designs and supervises comprehensive investment programs for families and institutions, and customizes its investment approach for each individual client. The firm manages over $23 billion under prescribed direction split equally between family and institutional clients.
Hirtle serves as the firm’s Chief Executive Officer and chairs its Executive Committee. He also serves on the Investment Policy Committee.
Outsourced Chief Investment Officer Model At Hirtle Callaghan, Jonathan Hirtle pioneered the now-popular outsourced Chief Investment Officer (OCIO) model.
Membership
Hirtle serves as Chief Executive Officer and Chairman of the Executive Committee for Hirtle, Callaghan & Company, Limited Liability Company. He is also a Member of the Investment Policy Committee at the company.