PHILADELPHIA, April 12, 2011 /PRNewswire/ -- Hirtle, Callaghan & Co., America's first Outsourced Chief Investment Officers™, has honored Howard S. Marks with its annual Investment Leadership Award.  

Mr. Marks, Chairman and cofounder of the highly successful, Los Angeles based Oaktree Capital Management, accepted the award at Hirtle Callaghan's 2011 Investment Conference, attended by more than 300 clients and investment professionals last week in Philadelphia.

Each year, Hirtle, Callaghan & Co. honors an exceptional investment professional with the Hirtle Callaghan Investment Leadership Award.  Mr. Marks' citation reads:

"Through unwavering ethics, penetrating insight, unfailing attention to duty and enduring success over your forty-two year investment career, you serve as a role model for every investment professional entrusted with client funds."

While presenting the award this year, Jonathan J. Hirtle, Chief Executive Officer of Hirtle Callaghan said, "The purpose of this award is to lionize the real heroes of our industry, the true professionals who have consistently delivered dedicated professional service as well as strong investment performance over many years.  Howard Marks defines the professionalism that we celebrate with the Hirtle Callaghan Investment Leadership Award."

The Hirtle Callaghan Investment Leadership Award is accompanied by a cash honorarium granted to a major university in Mr. Marks' name that is used to fund capital markets research.

About Hirtle Callaghan

Hirtle Callaghan manages $20 billion for family groups and institutions across America.   Recognized by the media as a Top 20 Wealth Manager, it is one of the nation's largest privately-held asset management firms. The firm manages complete, globally-diversified, multi-manager investment programs emphasizing the significance of strategy and risk management at all stages of the process.

Hirtle Callaghan pioneered the outsourced, fully staffed internal investment department led by a qualified Chief Investment Officer. As a "cutting edge fiduciary," the firm's conflict-free structure, sophisticated capability and collective purchasing power make it uniquely suited to harness market complexity and deliver complete, custom-designed investment solutions, at no incremental cost.

The firm's Philadelphia headquarters are located in West Conshohocken, PA, with other offices in Atlanta, Chicago, New York, Phoenix and Pittsburgh.

For additional information, please visit www.hirtlecallaghan.com.

Contact:
Larry Wexler
Corporate Communications
Hirtle, Callaghan & Co.
610-828-7200
lwexler@hirtlecallaghan.com

SOURCE Hirtle, Callaghan & Co.