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2026 Connect Money Next Gen Alternative Investment Awards

Winners

Conway Brings Endowment Experience to Wallace Foundation

Conway Brings Endowment Experience to Wallace Foundation

Company: 

The Wallace Foundation

Managing director supports manager selection, asset allocation and portfolio positioning

Signe Conway, managing director of investments at The Wallace Foundation, helps manage the foundation’s investment portfolio alongside its chief investment officer.

Since joining Wallace in 2022, Conway has been responsible for selecting and monitoring investment managers across asset classes and assisting with asset allocation and portfolio positioning.

The New York-based foundation is an independent, national philanthropy representing the philanthropic legacy of DeWitt and Lila Acheson Wallace, founders of Reader’s Digest in 1922. Its mission is to help all communities build a more vibrant and just future by fostering advances in the arts, education leadership, and youth development.

Conway now works with a new investment chief. Sophia Tsai became The Wallace Foundation’s chief investment officer effective March 2, 2026, overseeing the foundation’s investment strategy and portfolio construction in managing its $1.8 billion endowment.

Before joining Wallace, Conway helped manage the Metropolitan Museum of Art’s $5 billion endowment. She began her career in the leveraged finance group at Bank of America Merrill Lynch.

She graduated summa cum laude from Harvard College with a bachelor’s degree in classical languages and literature and later earned an MBA from Harvard Business School.

Outside work, Conway is an avid fan of crime procedurals and has seen every episode of “Law & Order.”

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Inside The Story

Signe Conway

About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.