Dartmouth-Hitchcock Pension Group Trust

Dartmouth-Hitchcock Pension Group Trust

The Trust manages retirement assets for employees of Dartmouth Hitchcock Medical Center and Clinics, administering 403(b) and 401(a) plans that feature employer contributions and matching for eligible staff. Its board draws on institutional investment leadership: Kathleen Fisher retired as Chief Investment Officer at AllianceBernstein, and Mark Begor serves as Board Chair of Dartmouth Health while leading Equifax as CEO. Portfolio construction spans three distinct asset classes. Real estate exposure includes a stake in the Host Hotels & Resorts portfolio, a global commercial property platform, alongside a targeted allocation to the NH Community Loan Fund’s Resident-Owned Cooperatives — a manufactured-housing preservation strategy within New Hampshire. The Trust also maintains a hedge fund allocation and participates in place-based community development initiatives via the Healthcare Anchor Network, a professional network of health systems deploying capital locally. The plan is a single-state, single-employer structure tied operationally to Dartmouth Health, whose president and CEO, Joanne Conroy, MD, also holds a trustee role. The Trust’s governance links asset oversight to clinical enterprise leadership without a separate investment staff, relying on board expertise and external manager relationships for portfolio execution. Its structural differentiator is the dual mandate: institutional return-seeking through global REITs and absolute-return strategies alongside mission-aligned local credit deployment. Few peer hospital-affiliated pension plans bridge a public-market-heavy portfolio with targeted, place-based investments explicitly designed to preserve affordable housing in their own operating region.