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Investment Chief Resigns from $2B Dallas Children’s Health Fund

Ryan Bailey has accepted an undisclosed new role.

Children’s Health — a major Dallas-based pediatric care system — is losing its head of investments.

Ryan Bailey submitted his resignation notice Monday, Bailey confirmed to Institutional Investor on Wednesday. After building the Children’s Health investment office over the past five years, he plans to make August 23 his final day.

He has accepted a position at another organization, he said, but declined to say where or provide details on the new role while he remains in his current post.

The health care system’s investment office manages a roughly $2 billion portfolio of foundation, pension, and operating assets, according to Bailey and his LinkedIn profile. Returns on these assets support Dallas’ top children’s hospital and the nonprofit’s healthcare work throughout Texas. 

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It’s unclear who will take over as head of investments, or if the organization plans to search externally for a replacement. 

Bailey noted that investment director Christie Hamilton is his second-in-command for portfolio management and manager selection, and she is expected to remain at Children’s Health along with operations director Ryan Quinn.  

Hamilton joined in 2015, and like Bailey, works across all asset classes, including public markets and alternatives.

Although the portfolio is fairly small by institutional standards, Bailey told IIin 2017 that his team was able to secure advantageous terms from some of its hedge fund managers. 

“We are getting offered better fee deals, and the managers are being proactive about it,” the Dallas allocator said. “I think that’s them recognizing 2-and-20 is no longer market rate, and they would rather be in control of that conversation than having the allocator approaching them.”

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