Home > Events and Programs > Endowment Management Forum
2012 Endowment Management Forum
February 8-10, 2012
The Waldorf Astoria
New York, NY
Overview
Interact with campus experts and financial and investment authorities to focus on contemporary investment issues and trends in higher education endowment management, including the effects of the current economy and the impact of regulatory and legislative actions.
Exhibits
NACUBO is committed to connecting you with information and resources from representatives from many companies who will be on hand to discuss their products and services. Visit with our exhibitors to learn how they may be of assistance to your institution.
Interested in Exhibiting?
The Exhibit Hall is sold out! Please check back in September, 2012, for information on exhibiting at the 2013 Endowment Management Forum.
Who Should Attend
- Chief Financial Officers
- Professional Endowment Fund Managers
- Senior Investment Officers
- Treasurers
- Trustees
- University Foundation Officers
What You'll Learn
- Better ways to communicate with your Boards and Committees
- Insights into inflation and its possible impact
- Exploration in depth of major, difficult issues
Prerequisites
No prerequisites and/or advance preparation required.
Course Level
Estimated CPEs
Participants will be awarded up to 15 CPE credits. CPE credits can be earned in the following categories:
Finance
Fees
Member: $800.00Non-Member: $950.00
Schedule
Wednesday, February 8
| 11:30 am | Pre-conference registration |
| 12:30 pm | Pre-Conference Program
12:30- 1:30 pm A New Paradigm of Endowment Risk Management Jeffrey Scott, Wurts & Associates
1:30-2:30 pm Crafting an All-Weather Spending Policy Brian Wodar, Bernstein Global Wealth Management 2:30-3:00 pm Break sponsored by Asset Strategy Consultants 3:00-4:00 pm Investment Opportunities in Distressed Private Equity and Private Real Estate Alfred Morrison, Asset Strategy Consultants; Adam Schwartz and Thomas Fuller, Angelo, Gordon & Co.; James Corl and Jim Gereghty, Siguler, Guff & Co. 4:00-5:00 pm Accessing a Broader Exposure to Emerging Market Debt Kevin Daly, Aberdeen Asset Management |
Thursday, February 9
| 7:15 am | Breakfast & Registration |
| 8:15 am | Opening Remarks
Judith Van Gorden, Chair, Endowment Management Program Committee
John Walda, NACUBO
John Lively, NACUBO |
| 8:30 am | Opening Session: LeadershipEric Haseltine, Haseltine Partners, LLC |
| 9:30 am | On Thin IceSteven Cochrane, Moody's Analytics |
| 10:30 am | Refreshment Break |
| 10:45 am | Panel: Inflation: How Do We Best Respond?Steven Cochrane, Moody's Analytics Kristerfor Mastronardi, Goldman Sachs & Co. Heather Myers, Russell Investment Group Morgan Olsen, Arizona State University The spectrum of inflation, as well as other factors are worries affecting the management of our investments. This panel will examine these problems and possible next steps. |
| 12:00 pm | Lunch Session: Economic Events: A Media Perspective Tucker Carlson: Editor of the “Daily Caller” and cable news commentator, will review current economic trends and bring his perspective on the economy and other areas. |
| 2:00 pm | Panel: Evolving Asset Classes and Other Variables Impacting Endowment MangementJames Hille, Texas Christian University Audrey Kaplan, Federated Investors Nina Scherago, The Investment Fund for Foundations Lori Van Dusen, LVW Advisors, LLC A Panel from industry and institutional/members will discuss current challenges and changes in asset class structures and governance practices.
Topics may include:
|
| 3:00 pm | Refreshment Break |
| 3:15 pm | Round Table Discussion for Endowments between $100 - $500 millionRobert Huth, Stetson University Jack Rich, Abilene Christian University Session will allow for problem identification and resolution among practitioners grouped by institutional endowment sizes PLEASE NOTE: These sessions are not open to members of the press and media. |
| 3:15 pm | Round Table Discussion for Endowments less than $100 MillionMichael Eadie, Canisius College John Palmucci, Loyola University Maryland Session will allow for problem identification and resolution among practitioners grouped by institutional endowment sizes PLEASE NOTE: These sessions are not open to members of the press and media. |
| 3:15 pm | Round Table Discussion for Endowments more than $500 millionDon Fehrs, Evanston Capital Management, LLC Sally Staley, Case Western Reserve University Session will allow for problem identification and resolution among practitioners grouped by institutional endowment sizes
PLEASE NOTE: These sessions are not open to members of the press and media. |
| 5:00 pm | Reception |
Friday, February 10
| 7:00 am | Breakfast |
| 8:00 am | Panel: Specific Operational Problems Facing Investment ManagementRichard Anderson, Mercer Investment Consulting, Inc. Nancy Baxter, Wells Fargo Amy Falls, The Rockefeller University John Lordan, Fordham University A Panel from industry and institutional/members will discuss some of the principal challenges and responses that are impacting endowment management activity.
Examples of such issues include:
|
| 9:00 am | What Now? Looking to the FutureJeremy Grantham, GMO One of the most respected investment professionals in the world will provide us with his insights into:
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| 10:00 am | Refreshment Break |
| 10:15 am | What are the Principal Challenges Confronting Chief Investment Officers?Kristin Gilbertson, University of Pennsylvania The Chief Investment Officer at the University of Pennsylvania will discuss her perceptions of the major challenges and her responses to these challenges in today’s changing investment world.
Topics could include: |
| 11:15 am | What Are We to Conclude Regarding Risks and Unknowns?Andre Perold, HighVista Strategies LLC An expert in the field of investment management will provide a summation that will lead to a better perspective and sense of context for our past days' experiences. |
| 12:15 pm | End of Forum |
Hotel/Travel
The Waldorf Astoria
As one of the first 'grand hotels' to combine elegance with luxurious amenities and services, The Waldorf Astoria has been world renowned for over a century.
For our guests' convenience, we offer luxurious guest rooms and select, spacious suites. Cheerful bedrooms, oversized marble bathrooms and original Art Deco motifs give our rooms a delightful residential ambience.
The Waldorf stands as a unique dining destination, with four distinctive restaurants, three lounges, and of course, 24-hour room service. Superior hotel amenities and services include booking privileges at the incomparable Guerlain Spa at the Waldorf Astoria.
Hotel guests are encouraged to explore the hotel, a New York City landmark, considered an extraordinary living Art Deco museum.
American Airlines will provide our attendees with a 5% discount for our Endowment Management Forum in New York, NY. The valid travel dates for this discount are February 8-10, 2012.
The discount can be booked on-line at www.aa.com/group for American Airlines/American Eagle flights only, without a ticketing charge. Allow at least 1 business hour for AA.com to load. Place the below Promotion Code in the promotion code box and your discount will be calculated automatically. This special discount is valid off any applicable published fares listed for American Airlines, American Eagle, and American Connection. International originating guests will need to contact your local reservation number and refer to the Promotion Code.
You may also call 1-800-433-1790 to book your flights, please refer to the Authorization Number below when you call. Please note there is a reservation service charge for all tickets issued by phone.
Promotion Code: 4822AV
Visit the The Waldorf Astoria website for details, including restaurants, amenities, and nearby attractions.
Room Rate
Single: $239.00
Double: $239.00
For reservations, call 212.355.3000.
Rates are guaranteed until 1/11/2012, subject to availability.
Please review our registration policies.
Please Note: NACUBO professional development programs are often sell-outs. Please secure air and hotel reservations only after confirmation of registration.
Presenters
Richard E. Anderson
Director, Higher Education Practice
Mercer Investment Consulting, Inc.
SHOW FULL BIO » Richard E. Anderson, MBA, Ph.D. Dick is a senior advisor (semi-retired) at Mercer Consulting. He earned his Ph.D. and MBA with honors from Columbia University. He received a BSEE from Stanford University. From June 2001 until December 2011 Dick chaired the Hammond Associates/Mercer Higher Education practice. Additionally, he has experience on both sides of investment management. From 1995 to 2001, Dick was Executive Vice President of Kennedy Capital Management, a small-cap equity firm. Prior to Kennedy Capital, Dick was Vice Chancellor for Investments and Treasury at Washington University in St. Louis. Before joining Washington University in 1990, Dick was a department chairman and tenured full professor at Columbia University with a specialty in Higher Education Finance. At Columbia he coordinated a joint program between the Graduate School of Business and the College of Education and ran a federally funded Center for Higher Education Finance. Dick has written or edited eleven books including, Financial Planning Under Economic Uncertainty (with Meyerson), Finance and Effectiveness, and NACUBO's Guide to Issuing and Managing Debt (with King, Cyganowski, and Hennigan). In addition, he has written over 50 articles, book chapters and other short pieces.
Director, Higher Education Practice
Mercer Investment Consulting, Inc.
SHOW FULL BIO » Richard E. Anderson, MBA, Ph.D. Dick is a senior advisor (semi-retired) at Mercer Consulting. He earned his Ph.D. and MBA with honors from Columbia University. He received a BSEE from Stanford University. From June 2001 until December 2011 Dick chaired the Hammond Associates/Mercer Higher Education practice. Additionally, he has experience on both sides of investment management. From 1995 to 2001, Dick was Executive Vice President of Kennedy Capital Management, a small-cap equity firm. Prior to Kennedy Capital, Dick was Vice Chancellor for Investments and Treasury at Washington University in St. Louis. Before joining Washington University in 1990, Dick was a department chairman and tenured full professor at Columbia University with a specialty in Higher Education Finance. At Columbia he coordinated a joint program between the Graduate School of Business and the College of Education and ran a federally funded Center for Higher Education Finance. Dick has written or edited eleven books including, Financial Planning Under Economic Uncertainty (with Meyerson), Finance and Effectiveness, and NACUBO's Guide to Issuing and Managing Debt (with King, Cyganowski, and Hennigan). In addition, he has written over 50 articles, book chapters and other short pieces.
Nancy Baxter
Senior Philanthropic Investment Manager
Wells Fargo
SHOW FULL BIO » Nancy Baxter is the Senior Philanthropic Investment Manager for Philanthropic Services at Wells Fargo. She works with non-profit organizations and philanthropists to build sustainable investment strategies aligning their mission and vision with economic and market opportunities. Nancy joined Wells Fargo in 1999 as the Regional Investment Manager in the Pasadena Private Bank region overseeing the Investment Managers as well as designing and executing investment strategies for families, foundations, partnerships and public charities. Prior to joining Wells Fargo, Nancy managed individual as well as endowment and charitable portfolios at Scudder Kemper Investments. In addition, Nancy administered and sold Investment Management and Trust relationships for Northern Trust Bank of California. She began her 25 year career in financial services as a broker with Sutro & Company in Los Angeles and spent several years in New York City delivering global macro-economic and strategic asset allocation information to money managers in the US and overseas. Nancy graduated from The Colorado College with a BA in Political Science and received an MBA in Finance from The Peter F. Drucker Graduate School of Management at The Claremont Graduate University. She has taken Ph.D. coursework at The Drucker School and is a graduate of Leadership California and Leadership Pasadena. Nancy holds the Certified Investment Management Analyst credential. Nancy is a board member of the Los Angeles Opera, The Colburn School, past board chair of Shakespeare Festival/LA and a Corporate Fellow at The Huntington Library, Art Gallery and Botanical Gardens. She is a frequent speaker at Planned Giving, Private Foundation and Endowment conferences.
Senior Philanthropic Investment Manager
Wells Fargo
SHOW FULL BIO » Nancy Baxter is the Senior Philanthropic Investment Manager for Philanthropic Services at Wells Fargo. She works with non-profit organizations and philanthropists to build sustainable investment strategies aligning their mission and vision with economic and market opportunities. Nancy joined Wells Fargo in 1999 as the Regional Investment Manager in the Pasadena Private Bank region overseeing the Investment Managers as well as designing and executing investment strategies for families, foundations, partnerships and public charities. Prior to joining Wells Fargo, Nancy managed individual as well as endowment and charitable portfolios at Scudder Kemper Investments. In addition, Nancy administered and sold Investment Management and Trust relationships for Northern Trust Bank of California. She began her 25 year career in financial services as a broker with Sutro & Company in Los Angeles and spent several years in New York City delivering global macro-economic and strategic asset allocation information to money managers in the US and overseas. Nancy graduated from The Colorado College with a BA in Political Science and received an MBA in Finance from The Peter F. Drucker Graduate School of Management at The Claremont Graduate University. She has taken Ph.D. coursework at The Drucker School and is a graduate of Leadership California and Leadership Pasadena. Nancy holds the Certified Investment Management Analyst credential. Nancy is a board member of the Los Angeles Opera, The Colburn School, past board chair of Shakespeare Festival/LA and a Corporate Fellow at The Huntington Library, Art Gallery and Botanical Gardens. She is a frequent speaker at Planned Giving, Private Foundation and Endowment conferences.
Steven G. Cochrane
Managing Director
Moody's Analytics
Managing Director
Moody's Analytics
Michael J. Eadie
Associate Vice President for Finance and Controller
Canisius College
SHOW FULL BIO » Michael Eadie is currently the Associate Vice President and Controller at Canisius College in Buffalo, NY. Employed at Canisius for 26 years, Mr. Eadie is a member of the President's senior operating team, Board of Trustees Finance Committee and College Investment Committee. In his current position he is responsible for all aspects of endowment accounting from initial purchase through financial statement presentation. Mr. Eadie has a BA in history from Canisius College and an MBA in finance from SUNY Buffalo.
Associate Vice President for Finance and Controller
Canisius College
SHOW FULL BIO » Michael Eadie is currently the Associate Vice President and Controller at Canisius College in Buffalo, NY. Employed at Canisius for 26 years, Mr. Eadie is a member of the President's senior operating team, Board of Trustees Finance Committee and College Investment Committee. In his current position he is responsible for all aspects of endowment accounting from initial purchase through financial statement presentation. Mr. Eadie has a BA in history from Canisius College and an MBA in finance from SUNY Buffalo.
Amy C. Falls
Chief Investment Officer
The Rockefeller University
Chief Investment Officer
The Rockefeller University
Don Fehrs
Director, Research
Evanston Capital Management, LLC
SHOW FULL BIO » Don Fehrs joined hedge fund-of-funds firm Evanston Capital in May 2006 and is Principal and Director of Research. Prior to this, he was the Chief Investment Officer at Cornell University, where he managed the University’s investment assets, consisting of the endowment and other funds totaling in excess of $4 billion. Before joining Cornell in 1999, Don was at the University of Notre Dame, first as a member of the finance faculty and later as a Senior Investment Director. He started his career in the auditing and treasury divisions of Prudential Insurance, and has a bachelor’s degree in economics from Cornell, an MBA from Mercer University, and a Ph.D. in finance from Florida State University.
Director, Research
Evanston Capital Management, LLC
SHOW FULL BIO » Don Fehrs joined hedge fund-of-funds firm Evanston Capital in May 2006 and is Principal and Director of Research. Prior to this, he was the Chief Investment Officer at Cornell University, where he managed the University’s investment assets, consisting of the endowment and other funds totaling in excess of $4 billion. Before joining Cornell in 1999, Don was at the University of Notre Dame, first as a member of the finance faculty and later as a Senior Investment Director. He started his career in the auditing and treasury divisions of Prudential Insurance, and has a bachelor’s degree in economics from Cornell, an MBA from Mercer University, and a Ph.D. in finance from Florida State University.
Kristin Gilbertson
Chief Investment Officer
University of Pennsylvania
Chief Investment Officer
University of Pennsylvania
Jeremy Grantham
Co-Founder
GMO
SHOW FULL BIO » Mr. Grantham co-founded GMO in 1977. Prior to GMO’s founding, Mr. Grantham was co-founder of Batterymarch Financial Management in 1969 where he recommended commercial indexing in 1971, one of several claims to being first. He began his investment career as an economist with Royal Dutch Shell. Mr. Grantham is GMO’s chief investment strategist and is an active member of GMO’s asset allocation division. He is a member of the GMO Board and has also served on investment boards of several non-profit organizations. Mr. Grantham has been featured in Forbes, Barron’s and Business Week and is routinely quoted by the financial press. He earned his undergraduate degree from the University of Sheffield (U.K.) and an M.B.A. from Harvard Business School.
Co-Founder
GMO
SHOW FULL BIO » Mr. Grantham co-founded GMO in 1977. Prior to GMO’s founding, Mr. Grantham was co-founder of Batterymarch Financial Management in 1969 where he recommended commercial indexing in 1971, one of several claims to being first. He began his investment career as an economist with Royal Dutch Shell. Mr. Grantham is GMO’s chief investment strategist and is an active member of GMO’s asset allocation division. He is a member of the GMO Board and has also served on investment boards of several non-profit organizations. Mr. Grantham has been featured in Forbes, Barron’s and Business Week and is routinely quoted by the financial press. He earned his undergraduate degree from the University of Sheffield (U.K.) and an M.B.A. from Harvard Business School.
Eric Haseltine
President and Managing Director
Haseltine Partners, LLC
President and Managing Director
Haseltine Partners, LLC
James Robert Hille
Chief Investment Officer
Texas Christian University
SHOW FULL BIO » Jim Hille, CFA, CAIA Chief Investment Officer Texas Christian University Fort Worth, TX Jim Hille was appointed the first Chief Investment Officer of Texas Christian University (TCU) in May 2006. Formerly he was the Chief Investment Officer of the Teacher Retirement System of Texas, a $100 billion public pension plan. From 1992 to 1995 he managed portfolios for the Employees Retirement System of Texas. From 1990-92 he worked as an assistant to the international portfolio manager for the Bass Brothers Trust in Fort Worth while earning an MBA in Finance from TCU. With a BS in Engineering from the US Naval Academy class of 1983, he served for six years as a Marine Corps officer. Jim now serves on the Investment Advisory Board of the Texas State Treasury Safekeeping Trust Fund and the Employee Retirement System of Texas, and the Board of Trustees for Trinity Valley School. Formerly he served on the Board of Trustees of the City of Fort Worth Retirement System (Investment Committee Chair) from 2007-2011. Jim is also a fund advisor for Tudor Pickering & Holt Asset Management and a Trustee for the Wells Fargo ASGI fund offerings. He has served as president of the Austin Society of Financial Analysts, and as an adjunct finance professor for the University of Texas’ McCombs School of Business. He is a Chartered Financial Analyst and a Chartered Alternative Investment Analyst. Jim and his wife Tammy have three sons and live in Fort Worth, TX.
Chief Investment Officer
Texas Christian University
SHOW FULL BIO » Jim Hille, CFA, CAIA Chief Investment Officer Texas Christian University Fort Worth, TX Jim Hille was appointed the first Chief Investment Officer of Texas Christian University (TCU) in May 2006. Formerly he was the Chief Investment Officer of the Teacher Retirement System of Texas, a $100 billion public pension plan. From 1992 to 1995 he managed portfolios for the Employees Retirement System of Texas. From 1990-92 he worked as an assistant to the international portfolio manager for the Bass Brothers Trust in Fort Worth while earning an MBA in Finance from TCU. With a BS in Engineering from the US Naval Academy class of 1983, he served for six years as a Marine Corps officer. Jim now serves on the Investment Advisory Board of the Texas State Treasury Safekeeping Trust Fund and the Employee Retirement System of Texas, and the Board of Trustees for Trinity Valley School. Formerly he served on the Board of Trustees of the City of Fort Worth Retirement System (Investment Committee Chair) from 2007-2011. Jim is also a fund advisor for Tudor Pickering & Holt Asset Management and a Trustee for the Wells Fargo ASGI fund offerings. He has served as president of the Austin Society of Financial Analysts, and as an adjunct finance professor for the University of Texas’ McCombs School of Business. He is a Chartered Financial Analyst and a Chartered Alternative Investment Analyst. Jim and his wife Tammy have three sons and live in Fort Worth, TX.
Robert Huth
Vice President for Business and Chief Financial Officer
Stetson University
Vice President for Business and Chief Financial Officer
Stetson University
Audrey Kaplan
Co-Head of International Equities and Senior Portfolio Manager
Federated Investors
Co-Head of International Equities and Senior Portfolio Manager
Federated Investors
John J. Lordan
Sr VP & Chief Financial Officer
Fordham University
SHOW FULL BIO » John J. Lordan joined Fordham University In April 2000, in the newly-created position of Senior Vice President, Chief Financial Officer, and Treasurer. Prior to that he was Vice President for Business Affairs at Johns Hopkins University (where he remains Vice President emeritus); and Deputy Associate Director for Financial Management in the U.S. Office of Management and Budget. Lordan holds a B.S. degree from Suffolk University, Boston; an MBA from Boston College; and an MPA from the Kennedy School at Harvard. He is a CPA, a member of the Financial Reporting committee of the Institute of Management Accounts; and a former member of the Council of the American Institute of CPA's, the Advisory Council of the Financial Accounting Standards Board, and the Executive Committee of the Council on Government Relations. Lordan serves on the Boards of Fordham Prep and St. Barnabas Hospital.
Sr VP & Chief Financial Officer
Fordham University
SHOW FULL BIO » John J. Lordan joined Fordham University In April 2000, in the newly-created position of Senior Vice President, Chief Financial Officer, and Treasurer. Prior to that he was Vice President for Business Affairs at Johns Hopkins University (where he remains Vice President emeritus); and Deputy Associate Director for Financial Management in the U.S. Office of Management and Budget. Lordan holds a B.S. degree from Suffolk University, Boston; an MBA from Boston College; and an MPA from the Kennedy School at Harvard. He is a CPA, a member of the Financial Reporting committee of the Institute of Management Accounts; and a former member of the Council of the American Institute of CPA's, the Advisory Council of the Financial Accounting Standards Board, and the Executive Committee of the Council on Government Relations. Lordan serves on the Boards of Fordham Prep and St. Barnabas Hospital.
Kristerfor Mastronardi
Managing Director
Goldman Sachs & Co.
SHOW FULL BIO » Kristerfor is a member of the Pension, Endowment & Foundation Solutions Group in the Securities Division. He is responsible for working with pensions, endowments and foundations to develop and implement cross asset solutions, strategic initiatives and private investment opportunities. Kristerfor serves on the Counterparty Risk Committee. Previously, Kristerfor spent two years in Cross Asset Solutions, where he developed cash and derivative solutions across equity and fixed income products to implement hedging, return enhancement, and diversification strategies. Before that, he was a member of the Structured Credit Group from 2004 to 2007. In this role, he helped to pioneer tail risk hedging strategies, working with investors to utilize credit strategies to hedge broader portfolio risks. Kristerfor joined Goldman Sachs as an associate in 2004. He became a vice president in 2008 and was named managing director in 2010. Prior to joining the firm, Kristerfor worked in the strategy practice at Accenture, where he provided consulting to pharmaceutical, telecommunications and financial services companies. Kristerfor is a trustee of the Poly Prep Country Day School in Brooklyn, New York. Kristerfor earned an MBA from the Wharton School of the University of Pennsylvania and a BA in Chemistry from Princeton University.
Managing Director
Goldman Sachs & Co.
SHOW FULL BIO » Kristerfor is a member of the Pension, Endowment & Foundation Solutions Group in the Securities Division. He is responsible for working with pensions, endowments and foundations to develop and implement cross asset solutions, strategic initiatives and private investment opportunities. Kristerfor serves on the Counterparty Risk Committee. Previously, Kristerfor spent two years in Cross Asset Solutions, where he developed cash and derivative solutions across equity and fixed income products to implement hedging, return enhancement, and diversification strategies. Before that, he was a member of the Structured Credit Group from 2004 to 2007. In this role, he helped to pioneer tail risk hedging strategies, working with investors to utilize credit strategies to hedge broader portfolio risks. Kristerfor joined Goldman Sachs as an associate in 2004. He became a vice president in 2008 and was named managing director in 2010. Prior to joining the firm, Kristerfor worked in the strategy practice at Accenture, where he provided consulting to pharmaceutical, telecommunications and financial services companies. Kristerfor is a trustee of the Poly Prep Country Day School in Brooklyn, New York. Kristerfor earned an MBA from the Wharton School of the University of Pennsylvania and a BA in Chemistry from Princeton University.
Heather H. Myers
Managing Director - Non-Profits
Russell Investment Group
SHOW FULL BIO » Heather Myers is managing director, non-profits for Russell Investments. Based in New York, Heather is responsible for Russell’s business growth in the non-profit market segment and for providing leadership on strategy development and advice to clients and prospects. Additionally, Heather serves as a senior consultant for several key non-profit clients, providing strategic advice on all aspects of clients’ investment programs, including governance, investment policy, asset allocation, manager selection and risk management. As one of Russell’s leading voices in the non-profit community, Heather regularly participates in industry conferences and is actively involved in Russell’s research aimed at the interests of this community. Currently Heather is focused on sustainability and mission-related investing in addition to analyzing the role of alternative investments in portfolios. Heather joined Russell in 1989 to support Russell’s international consulting clients and the company’s Japanese-related business. By the end of 1989, she was a member of Russell’s fixed income manager research team, and through 2000, Heather researched the global fixed income and currency markets. She moved to London in 1997 as the head of multi-currency fixed income research for Russell, and in this role she oversaw the team researching U.K., European and global fixed income strategies. Returning to the U.S. in 2000, Heather was named Russell’s senior practice analyst for fixed income and currency based in New York. The following year, she joined Russell’s U.S. Consulting team, becoming a senior consultant in 2003. From 2003 to 2009, Heather was a member of Russell’s external hedge fund of fund research practice for advisory clients, and in 2010, she assumed the role of director of endowment and foundation strategy. Heather is author and co-author of several research papers published by Russell including, “Liquidity Challenges for Endowments & Foundations,” “Responsible Investment: Five Tests of an SRI/ESG Policy,” and “Capturing Alpha Through Active Currency Overlay.” She was a recipient of the Russell Excellence Award in 1993. Heather is a member of the Board of Overseers at Whitman College and serves on Whitman College’s Investment Committee. She is a member of the Advisory Council for Lehigh Valley Summerbridge. She also serves on Russell’s Global Sustainability Committee and the corporate giving committee for Russell’s New York office.
Managing Director - Non-Profits
Russell Investment Group
SHOW FULL BIO » Heather Myers is managing director, non-profits for Russell Investments. Based in New York, Heather is responsible for Russell’s business growth in the non-profit market segment and for providing leadership on strategy development and advice to clients and prospects. Additionally, Heather serves as a senior consultant for several key non-profit clients, providing strategic advice on all aspects of clients’ investment programs, including governance, investment policy, asset allocation, manager selection and risk management. As one of Russell’s leading voices in the non-profit community, Heather regularly participates in industry conferences and is actively involved in Russell’s research aimed at the interests of this community. Currently Heather is focused on sustainability and mission-related investing in addition to analyzing the role of alternative investments in portfolios. Heather joined Russell in 1989 to support Russell’s international consulting clients and the company’s Japanese-related business. By the end of 1989, she was a member of Russell’s fixed income manager research team, and through 2000, Heather researched the global fixed income and currency markets. She moved to London in 1997 as the head of multi-currency fixed income research for Russell, and in this role she oversaw the team researching U.K., European and global fixed income strategies. Returning to the U.S. in 2000, Heather was named Russell’s senior practice analyst for fixed income and currency based in New York. The following year, she joined Russell’s U.S. Consulting team, becoming a senior consultant in 2003. From 2003 to 2009, Heather was a member of Russell’s external hedge fund of fund research practice for advisory clients, and in 2010, she assumed the role of director of endowment and foundation strategy. Heather is author and co-author of several research papers published by Russell including, “Liquidity Challenges for Endowments & Foundations,” “Responsible Investment: Five Tests of an SRI/ESG Policy,” and “Capturing Alpha Through Active Currency Overlay.” She was a recipient of the Russell Excellence Award in 1993. Heather is a member of the Board of Overseers at Whitman College and serves on Whitman College’s Investment Committee. She is a member of the Advisory Council for Lehigh Valley Summerbridge. She also serves on Russell’s Global Sustainability Committee and the corporate giving committee for Russell’s New York office.
Morgan R. Olsen
Executive Vice President, Treasurer and Chief Financial Officer
Arizona State University
SHOW FULL BIO » Dr. Morgan R. Olsen became the Executive Vice President, Treasurer and Chief Financial Officer of Arizona University in November 2008. He came to ASU from Purdue University, where he served as Executive Vice President and Treasurer. Before he joined Purdue, Dr. Olsen served as the business and financial vice president at three other higher education institutions, Southern Methodist University, Eastern Illinois University and Emporia State University (Kansas). His responsibilities at the University include treasury and financial functions, capital projects, real estate, facility operations, business services, human resources, and auxiliary services. He also serves on the ASU Foundation Board and holds an appointment as Professor of Practice in the Mary Lou Fulton College of Education. He has over two decades of experience in higher education, and holds several leadership positions. He is on the board of directors of the United Educators insurance company, and is past chair of the board of directors for the National Association of College and University Business Officers (NACUBO). He is also a past president of the Central Association of College and University Business Officers (CACUBO). Dr. Olsen earned a bachelor's degree, summa cum laude, and a master's degree in public administration from the University of North Dakota, where he was inducted into Phi Beta Kappa, and holds a Ph.D. in higher education from the University of Kansas. He served as acting executive budget analyst for the North Dakota Office of Management and Budget before entering university administration in 1985.
Executive Vice President, Treasurer and Chief Financial Officer
Arizona State University
SHOW FULL BIO » Dr. Morgan R. Olsen became the Executive Vice President, Treasurer and Chief Financial Officer of Arizona University in November 2008. He came to ASU from Purdue University, where he served as Executive Vice President and Treasurer. Before he joined Purdue, Dr. Olsen served as the business and financial vice president at three other higher education institutions, Southern Methodist University, Eastern Illinois University and Emporia State University (Kansas). His responsibilities at the University include treasury and financial functions, capital projects, real estate, facility operations, business services, human resources, and auxiliary services. He also serves on the ASU Foundation Board and holds an appointment as Professor of Practice in the Mary Lou Fulton College of Education. He has over two decades of experience in higher education, and holds several leadership positions. He is on the board of directors of the United Educators insurance company, and is past chair of the board of directors for the National Association of College and University Business Officers (NACUBO). He is also a past president of the Central Association of College and University Business Officers (CACUBO). Dr. Olsen earned a bachelor's degree, summa cum laude, and a master's degree in public administration from the University of North Dakota, where he was inducted into Phi Beta Kappa, and holds a Ph.D. in higher education from the University of Kansas. He served as acting executive budget analyst for the North Dakota Office of Management and Budget before entering university administration in 1985.
John A. Palmucci
Vice President for Finance Emeritus
Loyola University Maryland
SHOW FULL BIO » JOHN A. PALMUCCI retired on June 30, 2010 as the Vice President for Finance and Treasurer at Loyola University Maryland where he served in that capacity since 1994. He served as the College’s Chief Financial Officer and Corporate Treasurer, reporting to the President. John participated as a member of the executive management team of Loyola University, providing leadership and direction for a major operating division enabling fulfillment of the institution’s mission and goals through sound fiscal management, prudent stewardship of resources and student-centered delivery of services. Prior to his position at Loyola University he held the position of Vice President, Fiscal Affairs at Merrimack College from 1980 to 1994. For eight years prior to his tenure at Merrimack College, John served as Registrar and Dean of Administration at Northern Essex Community College. John also held a variety of positions at Northeastern University for six years including Director, Undergraduate Program; Assistant Dean, College of Business Administration; Assistant Director of Student Activities and he also served as an Instructor of Accounting, College of Business John maintains involvement with several professional organizations in a variety of leadership capacities such as the National Association of College and University Business Officers, Eastern Association of College and University Business Officers, the Association of Jesuit College and University Business Officers, Middle States Commission on Higher Education, the New England Association of Schools and Colleges, The Education Resource Institute, the Investment Management Institute, The Opal Financial Group, The Archdiocese of Baltimore Audit Committee and The Associated Sulpicians Finance Committee. He was awarded the EACUBO Distinguished Service Award in 2000 and the NACUBO Distinguished Business Officer Award in 2003. He received the John Henry Newman Medal at the Loyola University commencement exercises on May 15, 2010. John received his B.S., Business Management and his M.B.A. from Northeastern University.
Vice President for Finance Emeritus
Loyola University Maryland
SHOW FULL BIO » JOHN A. PALMUCCI retired on June 30, 2010 as the Vice President for Finance and Treasurer at Loyola University Maryland where he served in that capacity since 1994. He served as the College’s Chief Financial Officer and Corporate Treasurer, reporting to the President. John participated as a member of the executive management team of Loyola University, providing leadership and direction for a major operating division enabling fulfillment of the institution’s mission and goals through sound fiscal management, prudent stewardship of resources and student-centered delivery of services. Prior to his position at Loyola University he held the position of Vice President, Fiscal Affairs at Merrimack College from 1980 to 1994. For eight years prior to his tenure at Merrimack College, John served as Registrar and Dean of Administration at Northern Essex Community College. John also held a variety of positions at Northeastern University for six years including Director, Undergraduate Program; Assistant Dean, College of Business Administration; Assistant Director of Student Activities and he also served as an Instructor of Accounting, College of Business John maintains involvement with several professional organizations in a variety of leadership capacities such as the National Association of College and University Business Officers, Eastern Association of College and University Business Officers, the Association of Jesuit College and University Business Officers, Middle States Commission on Higher Education, the New England Association of Schools and Colleges, The Education Resource Institute, the Investment Management Institute, The Opal Financial Group, The Archdiocese of Baltimore Audit Committee and The Associated Sulpicians Finance Committee. He was awarded the EACUBO Distinguished Service Award in 2000 and the NACUBO Distinguished Business Officer Award in 2003. He received the John Henry Newman Medal at the Loyola University commencement exercises on May 15, 2010. John received his B.S., Business Management and his M.B.A. from Northeastern University.
Andre Perold
Founder and Chief Investment Officer
HighVista Strategies LLC
SHOW FULL BIO » André is a Co-Founder, Managing Partner and Chief Investment Officer of HighVista Strategies, and the George Gund Professor of Finance and Banking, Retired, at Harvard Business School. HighVista is an investment firm that manages endowment assets on behalf of endowments, foundations, and families. The firm provides investors with a portfolio solution involving broad diversification across asset classes, geographies, and strategies—achieved through a combination of investments in marketable asset classes, hedge funds, and private investments. The HighVista investment process is anchored in risk control and delivery of high risk-adjusted returns. Over his multi-decade career at Harvard Business School, André served as a Senior Associate Dean and Chair of the Finance Faculty among other senior roles. He taught courses in investment management and capital markets, and won numerous teaching awards. André is a Board Member of The Vanguard Group and Rand Merchant Bank, an Overseer of the Museum of Fine Arts Boston, and a member of the Advisory Council of the Financial Analysts Journal. His previous involvement in not-for-profits include serving as Trustee of Commonfund (1989‐2001) and Chairman of the Investment Committee of The Shady Hill School (1996‐2009). André received a BSc (Hons) from the University of Witwatersrand, Johannesburg, and an MS and PhD from Stanford University.
Founder and Chief Investment Officer
HighVista Strategies LLC
SHOW FULL BIO » André is a Co-Founder, Managing Partner and Chief Investment Officer of HighVista Strategies, and the George Gund Professor of Finance and Banking, Retired, at Harvard Business School. HighVista is an investment firm that manages endowment assets on behalf of endowments, foundations, and families. The firm provides investors with a portfolio solution involving broad diversification across asset classes, geographies, and strategies—achieved through a combination of investments in marketable asset classes, hedge funds, and private investments. The HighVista investment process is anchored in risk control and delivery of high risk-adjusted returns. Over his multi-decade career at Harvard Business School, André served as a Senior Associate Dean and Chair of the Finance Faculty among other senior roles. He taught courses in investment management and capital markets, and won numerous teaching awards. André is a Board Member of The Vanguard Group and Rand Merchant Bank, an Overseer of the Museum of Fine Arts Boston, and a member of the Advisory Council of the Financial Analysts Journal. His previous involvement in not-for-profits include serving as Trustee of Commonfund (1989‐2001) and Chairman of the Investment Committee of The Shady Hill School (1996‐2009). André received a BSc (Hons) from the University of Witwatersrand, Johannesburg, and an MS and PhD from Stanford University.
Jack Rich
Chief Investment Officer
Abilene Christian University
SHOW FULL BIO » Jack Rich was appointed President and Chief Investment Officer of ACIMCO (Abilene Christian University Investment Management Company) in January 2009, overseeing Abilene Christian University's investment strategies. From 1991 to 2008, he served in a variety of positions at ACU, including Executive Vice President and Vice President for finance and administration. Prior to beginning work at ACU, he worked in real estate development, banking and public accounting. Rich received a Bachelor of Business Administration from ACU and an M.B.A. from the University of Texas San Antonio. He is a CPA and earned the right to use the CFA designation in 2006. Rich serves on the boards of the Community Foundation of Abilene, Christian Homes of Texas, Abilene Christian Schools and Kenley School.
Chief Investment Officer
Abilene Christian University
SHOW FULL BIO » Jack Rich was appointed President and Chief Investment Officer of ACIMCO (Abilene Christian University Investment Management Company) in January 2009, overseeing Abilene Christian University's investment strategies. From 1991 to 2008, he served in a variety of positions at ACU, including Executive Vice President and Vice President for finance and administration. Prior to beginning work at ACU, he worked in real estate development, banking and public accounting. Rich received a Bachelor of Business Administration from ACU and an M.B.A. from the University of Texas San Antonio. He is a CPA and earned the right to use the CFA designation in 2006. Rich serves on the boards of the Community Foundation of Abilene, Christian Homes of Texas, Abilene Christian Schools and Kenley School.
Nina Scherago
Deputy Chief Investment Officer
The Investment Fund for Foundations
Deputy Chief Investment Officer
The Investment Fund for Foundations
Sally J. Staley
Chief Investment Officer
Case Western Reserve University
SHOW FULL BIO » Sally Staley joined Case Western Reserve University’s investment office in 2002 and became Chief Investment Officer in 2006. She manages a staff of five professionals who oversee the investment management of the University’s endowment and pension assets with a focus on understanding risk and managing to outcomes. She is also the principal liaison with the Investment Committee in formulating the University’s investment and spending policies and works closely with Development staff to communicate investment results and policy to donors. Sally began her career in international bond market research and institutional sales with Salomon Brothers and Merrill Lynch followed by a transition to investment management at the State of Wisconsin Investment Board where she established the public pension fund’s international fixed income program and managed an international bond portfolio. Sally later worked as Senior Consultant with the investment management consulting practice of PricewaterhouseCoopers. She holds a Master of International Affairs degree from Columbia University and a Bachelor of Arts degree from The College of Wooster where she currently serves as a Trustee and Investment Committee member. She is also a board member for the Great Lakes Theater Festival and Saint Luke’s Foundation of Cleveland.
Chief Investment Officer
Case Western Reserve University
SHOW FULL BIO » Sally Staley joined Case Western Reserve University’s investment office in 2002 and became Chief Investment Officer in 2006. She manages a staff of five professionals who oversee the investment management of the University’s endowment and pension assets with a focus on understanding risk and managing to outcomes. She is also the principal liaison with the Investment Committee in formulating the University’s investment and spending policies and works closely with Development staff to communicate investment results and policy to donors. Sally began her career in international bond market research and institutional sales with Salomon Brothers and Merrill Lynch followed by a transition to investment management at the State of Wisconsin Investment Board where she established the public pension fund’s international fixed income program and managed an international bond portfolio. Sally later worked as Senior Consultant with the investment management consulting practice of PricewaterhouseCoopers. She holds a Master of International Affairs degree from Columbia University and a Bachelor of Arts degree from The College of Wooster where she currently serves as a Trustee and Investment Committee member. She is also a board member for the Great Lakes Theater Festival and Saint Luke’s Foundation of Cleveland.
Lori Van Dusen
Founding Partner
LVW Advisors, LLC
Founding Partner
LVW Advisors, LLC
Program Overview
2012 Endowment Management Forum
February 8-10, 2012
Fees
- Member: $800.00
- Non-Member: $950.00
Estimated CPEs:15
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CPE Information
NACUBO is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.
