Commonfund, an investment manager for institutional investors, has appointed Eric W Kolts as managing director in its commodities group.

Kolts will be based in Wilton, Connecticut and report to Tyler Stevens, managing director, commodities group.

“Eric is an important and timely addition to our commodities group as we broaden our tailored commodities investment solutions,” says Commonfund president and chief executive officer Verne O. Sedlacek. “Our commodities group has been together since 2005. Eric will be an instant fit. He will immediately add value to existing and new client relationships.”

In this newly created position, Kolts will participate in the development of new commodities strategies, as well as work alongside Commonfund’s account-specific relationship officers in the marketing and positioning of the organization’s commodities strategies.

Prior to joining Commonfund, Kolts was head of global marketing and sales, Merit Commodity Partners (Global Commodity Finance), New York City and Dubai. Previously, he served as vice president - product manager, commodity indices at Standard & Poor’s. He was also a director at Dow Jones Indexes where he focused on commodities indices.