Karl E. White
Karl E. White is Managing Principal of Gracián & Co., LLC, a firm that provides strategic advisory services to alternative asset management firms. Previously, he was the Chief Investment Officer at Fletcher Asset Management. From 2002 to 2006, he served as Executive Director of the $1.8 billion Massachusetts Bay Transportation Authority Retirement Fund in Boston, where he was responsible for coordinating the Fund’s investment performance and the approximately $110 million annually in retiree benefits. He has also worked in the Global Asset Allocation Group at Putnam Investments, where he specialized in tactical asset allocation and currency overlay strategies. He has also held investment management positions at Scudder Kemper and Goldman Sachs Asset Management. Mr. White has served on the Board of Directors for San Francisco-based Progress Investment Management and on Advisory Boards for Crescendo Ventures, and European Strategic Partners, representing over $4 billion in private equity assets. Mr. White Chairs the Board of Directors of Ancora Pharmaceuticals, Inc., a venture-financed biotechnology firm developing novel immune modulating therapies. In 2007, he was appointed to Florida A&M University’s Board of Trustees, where he Chairs the Audit Committee and serves as Vice Chair of the Budget and Finance Committee. From 1999 to 2007, he was a member of the University of Massachusetts (UMass) Board of Trustees. He remains a member of the UMass Foundation Board and its Investment Committee. He sits on of the Board of Governors for Tufts Medical Center and serves on the Investment and Finance Committees. Mr. White is also Chair of the Board of Roxbury Youthworks, a non-profit organization that works to combat juvenile delinquency in the Boston metropolitan neighborhoods. He graduated from Florida A&M University’s College of Pharmacy and Pharmaceutical Sciences in 1988 with a B.S. degree in Pharmacy and received an MBA in Analytic Finance and Statistics from the Booth School of Business, The University of Chicago in 1995.