Foundation and Endowment Investing
Philosophies and Strategies of Top Investors and Institutions
1st Edition
Published on 18. January 2008
Book
Hardback
320 pages
978-0-470-12233-4 (ISBN)
Description
In Foundation and Endowment Investing, authors Lawrence Kochard and Cathleen Rittereiser offer you a detailed look at this fascinating world and the strategies used to achieve success within it. Filled with in-depth insights and expert advice, this reliable resource profiles twelve of the most accomplished Chief Investment Officers within today's foundation and endowment community-chronicling their experiences, investment philosophies, and the challenges they face-and shares important lessons that can be used as you go about your own investment endeavors.
Reviews / Votes
"...informative and entertaining...an excellent resource for anyone who is considering a career move into this field or who has not-for-profit organizations as clients." (Financial Analysts Journal, July/August 2008)More details
Series
Language
English
Place of publication
New York
United States
Target group
Professional and scholarly
Product notice
sewn/stitched
Cloth over boards
With dust jacket
Illustrations
Drawings: 1 B&W, 0 Color; Tables: 3 B&W, 0 Color
Dimensions
Height: 235 mm
Width: 157 mm
Thickness: 22 mm
Weight
615 gr
ISBN-13
978-0-470-12233-4 (9780470122334)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
Additional editions
Lawrence E. Kochard | Cathleen M. Rittereiser
Foundation and Endowment Investing
Philosophies and Strategies of Top Investors and Institutions
E-Book
12/2010
Wiley
€43.99
Available for download
Lawrence E. Kochard | Cathleen M. Rittereiser
Foundation and Endowment Investing
Philosophies and Strategies of Top Investors and Institutions
E-Book
06/2008
Wiley
€43.99
Available for download
Persons
LAWRENCE E. KOCHARD, PHD, CFA, is Chief Investment Officer of the Georgetown University endowment and a widely recognized leader in the foundation and endowment investing community. Previously, he was managing director of equity and hedge fund investments for the Virginia Retirement System and an adjunct finance professor at the University of Virginia. Kochard was also a vice president with Goldman Sachs.
CATHLEEN M. RITTEREISER is an alternative investments marketing and business development executive specializing in foundations, endowments, and other institutional investors. Her experience includes Alternative Asset Managers, LP, an emerging manager investment fund, Symphony Asset Management, a Nuveen Investments company, and Merrill Lynch. Rittereiser's Web site is www.cathleenrittereiser.com.
CATHLEEN M. RITTEREISER is an alternative investments marketing and business development executive specializing in foundations, endowments, and other institutional investors. Her experience includes Alternative Asset Managers, LP, an emerging manager investment fund, Symphony Asset Management, a Nuveen Investments company, and Merrill Lynch. Rittereiser's Web site is www.cathleenrittereiser.com.
Content
Preface ix
Acknowledgments xiii
About the Authors xv
PART ONE Foundations and Endowments Rise as Powerful Institutional Investors
CHAPTER 1 The Evolution of Foundation and Endowment Investment Management 3
From Poorhouses to Powerhouses
CHAPTER 2 Foundation and Endowment Investing 101 19
Essential Practices of a Successful CIO
CHAPTER 3 The Investment Landscape 43
You Are Here
PART TWO Profiles in Capital: Philosophies and Strategies from Leading Foundation and Endowment Chief Investment Officers
CHAPTER 4 Another Sage of Omaha 63
Laurie Hoagland, CIO, Hewlett Foundation
CHAPTER 5 Doctor, Lawyer, Investment Chief 77
Dr. Allan S. Bufferd, Treasurer Emeritus, Massachusetts Institute of Technology
CHAPTER 6 Leading the Evolution 93
Alice Handy, CIO, Investure, LLC
CHAPTER 7 Partner, Patriot, and Performer 109
Scott C. Malpass, CIO, University of Notre Dame
CHAPTER 8 Built an Endowment through Common Sense 127
William Spitz, CIO, Vanderbilt University
CHAPTER 9 Investment Artist with Her Own Perspective 143
Ellen Shuman, Vice President And CIO, Carnegie Corporation of New York
CHAPTER 10 Master of All Trades 157
Bruce Madding, CIO, Henry J. Kaiser Family Foundation
CHAPTER 11 Agile Investment Engineer 173
Bob Boldt, CIO, Agility Funds
CHAPTER 12 Driven by Intellectual Curiosity 191
Donald W. Lindsey, CIO, George Washington University
CHAPTER 13 The CIO as CEO 205
Jonathan Hook, CIO, Baylor University
CHAPTER 14 Navigating New Investment Waters 225
Daniel J. Kingston, Managing Director, Portfolio Management, Vulcan Capital
CHAPTER 15 Invest without Emotion, Act with Conviction 241
Mark W. Yusko, Chief Investment Officer, Morgan Creek Capital Management
PART THREE Summary and Analysis: Key Points on Investments, Endowment Management, and the Future
CHAPTER 16 Lessons for Investors 265
Investment Principles and Advice
CHAPTER 17 The Business of Foundation and Endowment Investment Management 273
Impact of Comparison, Competition, and Compensation
CHAPTER 18 Real Rewards 279
Investing is a People Business
Notes281
Index285
Acknowledgments xiii
About the Authors xv
PART ONE Foundations and Endowments Rise as Powerful Institutional Investors
CHAPTER 1 The Evolution of Foundation and Endowment Investment Management 3
From Poorhouses to Powerhouses
CHAPTER 2 Foundation and Endowment Investing 101 19
Essential Practices of a Successful CIO
CHAPTER 3 The Investment Landscape 43
You Are Here
PART TWO Profiles in Capital: Philosophies and Strategies from Leading Foundation and Endowment Chief Investment Officers
CHAPTER 4 Another Sage of Omaha 63
Laurie Hoagland, CIO, Hewlett Foundation
CHAPTER 5 Doctor, Lawyer, Investment Chief 77
Dr. Allan S. Bufferd, Treasurer Emeritus, Massachusetts Institute of Technology
CHAPTER 6 Leading the Evolution 93
Alice Handy, CIO, Investure, LLC
CHAPTER 7 Partner, Patriot, and Performer 109
Scott C. Malpass, CIO, University of Notre Dame
CHAPTER 8 Built an Endowment through Common Sense 127
William Spitz, CIO, Vanderbilt University
CHAPTER 9 Investment Artist with Her Own Perspective 143
Ellen Shuman, Vice President And CIO, Carnegie Corporation of New York
CHAPTER 10 Master of All Trades 157
Bruce Madding, CIO, Henry J. Kaiser Family Foundation
CHAPTER 11 Agile Investment Engineer 173
Bob Boldt, CIO, Agility Funds
CHAPTER 12 Driven by Intellectual Curiosity 191
Donald W. Lindsey, CIO, George Washington University
CHAPTER 13 The CIO as CEO 205
Jonathan Hook, CIO, Baylor University
CHAPTER 14 Navigating New Investment Waters 225
Daniel J. Kingston, Managing Director, Portfolio Management, Vulcan Capital
CHAPTER 15 Invest without Emotion, Act with Conviction 241
Mark W. Yusko, Chief Investment Officer, Morgan Creek Capital Management
PART THREE Summary and Analysis: Key Points on Investments, Endowment Management, and the Future
CHAPTER 16 Lessons for Investors 265
Investment Principles and Advice
CHAPTER 17 The Business of Foundation and Endowment Investment Management 273
Impact of Comparison, Competition, and Compensation
CHAPTER 18 Real Rewards 279
Investing is a People Business
Notes281
Index285