Anne Casscells, chief investment officer for the Stanford Management Co., will leave Sept. 30 to head the San Francisco office for Aetos Capital LLC, a newly formed investment management company, announced Michael G. McCaffery, president and CEO of Stanford Management Co.

"Anne has been a highly valued member and leader of the Stanford Management Co. team and she will be missed. I consider Anne to be one of the finest professionals I have had the pleasure to work with," he said. Casscells joined the Stanford Management Co. in 1996 as managing director of investment policy research in 1996.

The chief investment officer position won't be filled at this time, McCaffery said. Some of Casscell's former duties, including overseeing asset allocation and overall investment policy for Stanford's $8 billion-plus endowment, will be carried out by Michael L. Ross, who will join the management company Aug. 27 as managing director of investment policy research.

Ross received an M.B.A. from Stanford's Graduate School of Business in 1997, where he was an Arjay Miller Scholar, and a bachelor of arts degree from Princeton University. Since 1997, Ross has worked as a partner at Evolution Global Partners in San Francisco and at Atrium Capital Corporation in Menlo Park.

Other recent additions to the management company's senior management team include Tyler Edelstein, director of trust investments, who oversees Stanford's $450 million in planned giving assets; Alexander Klikoff, director of absolute return investments; Denise Villars, private equity officer and Mark Taborsky, senior portfolio manager.

Hernandez hired for arts program

Georgina Hernandez has been hired as associate director of the Stanford Institute for Diversity in the Arts (SIDA), a program sponsored by the drama department, the Committee on Black Performing Arts and the Haas Center for Public Service. The two-year program, funded by the James Irvine Foundation, will bring artists to campus during Winter Quarter for workshops at Stanford and in surrounding communities. Hernandez began work Aug. 21.

Hernandez received a master of fine arts degree from the UCLA School of Theater, Film and Television and has worked as development director for the Arts Council of Santa Clara. Owner and manager of the independent recording company Son Del Barrio Music, Hernandez also is co-producer of Pochopalooza, a multi-disciplinary festival of Chicano art and culture in San Jose.