Foundation and Endowment Investing Philosophies and Strategies of Top Investors and Institutions

by Kochard, Lawrence E.; Rittereiser, Cathleen M.

• ISBN13: 9780470122334
• ISBN10: 0470122331
• Edition: 1st
• Format: Hardcover
• Copyright: 2008-01-02
• Publisher: Wiley

Summary

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.

Author Biography

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.

Table of Contents

Preface	p. ix
Acknowledgments	p. xiii
About the Authors	p. xv
Foundations and Endowments Rise as Powerful Institutional Investors
The Evolution of Foundation and Endowment Investment Management	p. 3
Foundation and Endowment Investing 101	p. 19
The Investment Landscape	p. 43
Profiles in Capital: Philosophies and Strategies from Leading Foundation and Endowment Chief Investment Officers
Another Sage of Omaha	p. 63
Doctor, Lawyer, Investment Chief	p. 77
Leading the Evolution	p. 93
Partner, Patriot, and Performer	p. 109
Built an Endowment through Common Sense	p. 127
Investment Artist with Her Own Perspective	p. 143
Master of All Trades	p. 157
Agile Investment Engineer	p. 173
Driven by Intellectual Curiosity	p. 191
The CIO as CEO	p. 205
Navigating New Investment Waters	p. 225
Invest without Emotion, Act with Conviction	p. 241
Summary and Analysis: Key Points on Investments, Endowment Management, and the Future
Lessons for Investors	p. 265
The Business of Foundation and Endowment Investment Management	p. 273
Real Rewards	p. 279
Notes	p. 281
Index	p. 285
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