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Hedge Fund Firms - Endowments Research
Ivy League institutions such as Brown University and Columbia University rely on investments and endowment funds to grow the principle and provide an extra income to cater to expenditures.
Princeton University
- Princeton University Investment Company (PRINCO) represents the endowments of Princeton University.
- Through a global network of more than 4,000 individual invested funds and 60 investment companies, PRINCO is able to manage Princeton University’s $26 billion endowments.
- PRINCO, composed of a team of professional employees, was created by Princeton University in 1987 to manage its finances.
LinkedIn Profiles of Team Managers
Investment Team
- Andy Golden — President
- Jon Erickson — Managing Director and Portfolio Strategist. His LinkedIn profile is not available.
- Jenn Birmingham — Managing Director
- Susan Ciniglio — Managing Director
Operations Team
- Christine Amantia — Senior Operations Manager
- Glenn Wemple — Director of Investment Technology
Board of Directors
- Kevin T. Callaghan — Managing Director, Berkshire Partners. His LinkedIn profile is not available.
- Christopher L. Eisgruber — (ex officio), President, Princeton University. His LinkedIn profile is not available.
- James A. Forese — Former President of Citigroup. His LinkedIn profile is not available.
- Andrew K. Golden — (ex officio), President, PRINCO.
- C. Kim Goodwin — Chief Executive Officer and Chief Investment Officer, Avanico Holdings, and University Trustee.
- Jim Matteo — (ex officio), Vice President for Finance and Treasurer, Princeton University.
- Bob Peck - (Chair of the PRINCO Board of Directors), Managing Director, FPR Partners.
- Sarah E. Stein - Managing Partner, Hall Capital Partners.
- Marco A. Tablada — Founder and Managing Partner, Wiborg Capital. His LinkedIn profile is not available.
- C. James Yeh — (ex officio), President and Co-Chief Investment Officer, Citadel Investment Group LLC, University Trustee and Chair of the University Trustee Committee on Finance.
- Anthony A. Yoseloff — Executive Managing Member, Davidson Kempner Capital Management LPN. His LinkedIn profile is not available.
Harvard University
- Harvard Management Company (HMC) runs the Harvard University endowments, which amounts to $40.9 billion.
- The hedge fund firm was established in 1974.
- The endowment is shared among the twelve Harvard’s schools. About 80% of the endowments’ funds are dedicated to a specific school by the donor. The twelve schools have varying revenue profiles, with each institution drawing a “different proportion of its budget from its endowment.”
LinkedIn Profiles of Team Managers
HMC Leadership
- N.P. "Narv" Narvekar — Chief Executive Officer. His LinkedIn profile is not available.
- Rick Slocum — Chief Investment Officer
- Sanjeev Daga — Chief Operating Officer
Board of Directors
- Paul J. Finnegan — Chair Co-Chief Executive Officer, Madison Dearborn Partners Treasurer, Harvard University
- Lawrence S. Bacow — President, Harvard University
- Jane Brock-Wilson — Managing Director, Berkshire Partners LLC. There is no LinkedIn profile available for Jane.
- Amy C. Falls — Chief Investment Officer and Vice President for Investments, The Rockefeller University
- Joshua S. Friedman — Co-Founder, Co-Chairman, and Co-Chief Executive Officer, Canyon Partners, LLC
- Thomas J. Hollister — Chief Financial Officer, Harvard University
- Robert Jain —Co-Chief Investment Officer, Millennium Management
- Thomas L. Kempner, Jr. — Co-Founder and Co-Executive Managing Member, Davidson Kempner Capital Management
- William M. Lewis, Jr. — Managing Director and Co-Chairman of Investment Banking, Lazard & Co. Ltd. Lewis's LinkedIn profile is not available.
- N.P. Narvekar — Chief Executive Officer, Harvard Management Company
- Brian C. Rogers — Former Chairman of the Board and Chief Investment Officer, T. Rowe Price Group
- Jeremy C. Stein — Moise Y. Safra Professor of Economics, Harvard University
University of Pennsylvania
- The Penn Office of Investments, which was founded in 1998, represents the endowments of the University of Pennsylvania and pension assets. As of June 30, 2019, the University of Pennsylvania endowment stood at $14.7 billion, which marked an $873 million increase.
- The office is made up of about “7,000 individual endowment funds benefiting the University’s schools, centers, and the University of Pennsylvania Health System."
LinkedIn Profiles of Team Managers
- The University of Pennsylvania team is made up of three divisions, Investment, Operations, and Administrative.
Investment Team
- Selin Amado — Associate Director
- Peter Ammon — Chief Investment Officer
- Roberta Bell — Director of Operations. Bell's LinkedIn profile is not available.
- Daniela Gastner — Managing Director
- Beth Gilje — Director
- Daniel Greenberg — Associate Director
- Thomas Woodbury — Managing Director
- Thomas Scriven — Managing Director
- Paul Polichino — Managing Director
- Sunil Mulani — Managing Director
- Michael Lukasek — Managing Director
- Phil Kligman — Managing Director
- David Katzman — Director
Operations Team
- Roberta Bell — Director of Operations. Bell's LinkedIn profile is not available.
- Beth Gilje — Director
- Michael Lukasek — Managing Director
Administrative Team
- Elizabeth Dougherty — Feeney, Executive Assistant. Dougherty's LinkedIn profile is not available.
- Tatraina Ketter — Executive Assistant. Ketter 's LinkedIn profile is not available.
- Andreana Thomas — Executive Assistant. Thomas' LinkedIn profile is not available.
Yale University
- The Yale Investments Office manages Yale University’s endowment. By June 30, 2019, the endowment funds stood at $30.3 billion.
- The office was established in 1973.
LinkedIn Profiles of Team Managers
- Yale University team is composed of Investment and Legal Professionals.
Investment Professionals
- Carrie A. Abildgaard — Director. Abildgaard's LinkedIn profile is not available.
- Alex Banker — Director
- Alan Forman — Director
Legal Professionals
- Deborah Chung — Senior Associate General Counsel. Chung's LinkedIn profile is not available.
- Stephanie Chan — Senior Associate General Counsel. Chan's LinkedIn profile is not available.
- Sohail Ramirez — Associate General Counsel.
- Peter N. Steinwachs — Associate General Counsel
- Lauren Caplan — Associate General Counsel. His LinkedIn profile is not available.
Brown University
- With its investment portfolio, Brown University benefits from a strong performance distributed evenly across asset classes. As a result, Brown University’s endowment impressively outperformed its benchmark with a 12.4% return in its 2019 fiscal year. June 30, 2019, marked Brown’s close of the fiscal year, with an endowment that stood at an all-time high, $4.2 billion.
- Further, Brown's 12.4% return surpassed not only the preliminary return of its benchmark portfolio at 5.8% but also Cambridge’s Associates’ preliminary mean. Brown also surpassed median returns for higher learning institutions, colleges (5%), and universities (4.9%).
- In the past decade, the endowment from Brown Investment Office has yielded investment gains of $2.9 billion and provided $1.6 billion, dedicated to Brown's educational mission.
- The Brown Endowment Fund was established in 1769. Today, the fund is managed by the Brown University Investment Office.
- The hedge fund is inclusive of endowed funds and current university funds. The Brown Investment Office makes asset allocation decisions as approved by the Investment Committee.
Investment Team
- Joseph Dowling III — CEO
- Jane Dietze — Vice President and Chief Investment Officer
- Joshua Kennedy — Managing Director
Columbia University
- Columbia University wholly owns the Investment Management Company (IMC) as a subsidiary. The IMC, which was formed in 2002, represents the endowments of Columbia University. The IMC is tasked with overseeing and managing the University’s bulky endowments, also referred to as managed assets.
- In September 2016, IMC’s last fund, Fund 6, was announced and topped out at $175 million.
- As of 2019, the hedge fund had grown to over 400%, and worth over 500,000, with a $30,000 distribution. The University’s endowment stands at $10.9 billion.
- Columbia University’s investment portfolio is its largest financial asset representing 61% of the total assets under IMC management, with $363 million, as market value.
LinkedIn Profiles of Team Managers
- IMC is made up of three teams; Investments, Operations, and Technology.
Investments
- Lee C. Bollinger — President. His LinkedIn profile is not available.
- Holland Paul — CEO
- Ames David — Director
- Atsalis John — Director
- Jacobson Lauren — Managing Director
- Larkin Jonathan — Managing Director
- McCrossin Hunter — Managing Director
- Yao Edward — Managing Director
- Yeo Erlina — Managing Director
Operations
- Jaisinghani Anil — Director
- Mc. Carthy Lidia — Director
- Mercado Julius — Chief Operating Officer- Julius' LinkedIn profile is not available.
- Owens Michael — Managing Director
- Tse Sue — Director. Sue's LinkedIn profile is unavailable.
Technology
- Blackwell Hasani — Director
- Howard Kevin — Director
- Lee Sean — Chief Technology Officer
- Shah Vikas — Director. Vikas' LinkedIn profile is not available.
Administration
- Sucena Mariane — Administrative Coordinator. Mariane's LinkedIn profile is not available.
Cornell University
- The office is responsible for policy implementations established by the Investment Committee and the University Board of Trustees. The Investment Office is headed by the chief investment officer and is run by a dedicated team of investment professionals.
- Cornell University's Office Investments started restructuring its portfolio in 2016. Cornell University's endowment fund's size is $7.3 billion, with a 5.3% fiscal return for the year ending June 30, 2019. The endowment's gains include real estate and equities (public and private). Besides real estate and equities, Cornell University's holdings include bonds and commodities, which are globally diversified.
LinkedIn Profiles of Team Managers
- Kenneth Miranda- Chief Investment Officer. His LinkedIn profile is not available.
- Roger B. Vincent Jr. — Senior Investment Officer
- Nathalie Cunningham — Senior Investment Officer
- Sean Graham — Senior Investment Officer - Operations (Head of Operations)
Dartmouth College
- The Dartmouth College Investment Office was started in 1769 and is run by a Board of Trustees' Investment Committee, who also manages the investments of the college and the endowment fund.
- Other than Dartmouth College, the endowment fund represents schools such as Geisel School of Medicine, the Tuck School of Business, the Thayer School of Engineering, and the Guarini School of Graduate and Advanced Studies.
- The fiscal year ending June 30, 2019, generated a 7.5% return, which brought the size of funds to $5.7 billion in total value. Dartmouth's endowment saw a contribution of over $250 million, contributing to the annual operating budget in support of priorities such as faculty compensation, and robust financial aid packages.
LinkedIn Profiles of Team Managers
- Alice A. Ruth — CEO of the Investment Office
- Kelsey Morgan — Chief Investment Officer. Morgan's LinkedIn profile is not available
- Heather Huff — Chief Operating Officer
- Kerri Gandin — Senior Investment Operations Manager