2014 Endowment and Debt Management Forum
February 5-7, 2014
The Waldorf Astoria
New York, NY
At the forum attendees will interact with a range of campus financial leaders that manage significant endowment and debt portfolios along with finance and global investment experts and thought leaders from the media and government. The program will examine pressing issues of endowment management, debt capacity and leadership to drive financial performance. The focus will be on actionable steps that you can bring back to you organization to drive increased performance.
Exhibit at EDMF 2014
The EDMF exhibit hall is sold out. We thank our 2014 exhibitors and look forward to another successful conference.
Who Should Attend
- Chief Financial Officers
- Endowment Chief Investment Officers
- Institutional Treasurers
- Investment and Finance Committee Board members
- Professional Endowment Fund Managers
What You'll Learn
- Exploration in depth of major, difficult issues
- Insights into inflation and its possible impact
- Better ways to communicate with your boards and committees
No prerequisites and/or advance preparation required.
Participants will be awarded up to 15 CPE credits. CPE credits can be earned in the following categories:
Finance, Management Advisory Services, Behavioral Ethics
Wednesday, February 5
|10:30 am||Pre-Conference Corporate Showcase Registration|
|11:30 am||Pre-Conference Corporate Showcase|
This is an optional day of programming- Please indicate during registration if you are going to attend this event. *Please note: No lunch will be served for this program*
Sessions will include:
11:30 am-12:30 pm: Five Years After the Financial Crisis: Did the Endowment Model Fail Us or Did We Fail the Endowment Model?
Casey Whalen Sellers, Roundtable Investment Partners
12:30 pm-1:30 pm: Financial Enterprise Risk Management: Identifying, Evaluating and Adapting to Risks Facing Higher Education Institutions
Jim Costello, J.P. Morgan
Charlie Giffin, J.P. Morgan
Michael Howard, Massachusetts Institute of Technology
Peter Taylor, University of California
1:30 pm-2:30 pm: A Continuum of Outsourced Investment Office Solutions: Three Case Studies
Rob Rodgers, C|A Capital Management
Bruce Myers, C|A Capital Management
2:30 pm-3:00 pm: Refreshment Break
3:00 pm-4:00 pm: What do we mean by inflation/deflation hedging?
Rick Nelson, Commonfund
4:00 pm-5:00 pm: Leveraging Endowment Investment Strategy to Improve Retirement Outcomes
Michael Jawor, Covariance Capital Management, Inc.
Timothy J. Pitney, TIAA-CREF
Scott Wise, Covariance Capital Management, Inc.
Thursday, February 6
|7:00 am||Registration & Continental Breakfast- Exhibits Open|
|8:00 am||Welcoming Remarks|
|8:15 am||NACUBO-CommonFund Survey Panel Discussion|
|9:05 am||The Golden Age of Higher Education Institutions is Over?|
|10:05 am||Refreshment Break- Exhibits Open|
|10:20 am||Outlook 2014: Is It Time to Buy or Bail?|
|11:25 am||Beyond Campus Conflict: How Impact Venture Capital Can Address Student Concerns While Furthering Endowment Investment Goals|
|1:15 pm||Remarks from Rick Ketchum, Chairman and CEO of FINRA|
|2:00 pm||The Key to Using Debt to Help Achieve Institutional Objectives is a Well-defined Financial Strategy|
|3:00 pm||Refreshment Break- Exhibits Open|
|3:30 pm||2014 Fixed Income Investing Update|
During this session, attendees will hear the panelist’s views on:
-The timing, scope, and impact of a tapering of the Fed’s quantitative easing program. In September 2013, the Fed surprised the market by not tapering its bond purchasing program but indicated that they would likely do so in the coming months.
-The ongoing debate over the federal debt ceiling. What have investors done to prepare for the possibility that the debt ceiling may not be raised?
-If we have seen the end of a secular decline in interest rates, what does that mean for fixed-income investors and how should portfolios be positioned for a rising interest rate environment?
-With low inflation and continued near-zero fed funds rates for the foreseeable future, what are the investment opportunities for fixed income investors?
|4:30 pm||Roundtable Discussion for Endowments over $250 Million|
PLEASE NOTE: These sessions are not open to members of the press and media.
|4:30 pm||Roundtable Discussion for Endowments up to $250 Million|
PLEASE NOTE: These sessions are not open to members of the press and media.
|5:45 pm||Networking Reception|
Friday, February 7
|7:30 am||Continental Breakfast- Exhibits Open|
|8:30 am||What’s Your Ethics IQ?: 5 Principles Smart Business Officers Live By|
What is the relationship between ethics and risk management? When you return to campus from this meeting, how will you be able to lead more effectively? In this lively, entertaining, and highly interactive session, Dr. Bruce Weinstein, The Ethics Guy, will show how five simple principles help you bring out the best in others and yourself everywhere you go. You'll leave with a clearer sense of how to advance the economic viability and business practices of your institution.
The Leadership Series is supported by a generous contribution from TIAA-CREF
|9:35 am||Risk Management as a Driver for Institutional Policies and Procedures|
|10:45 am||Check-Out/Refreshment Break- Exhibits Open|
|11:15 am||Growing an Endowment Management Program: Ideas, Successes and Lessons Learned|
|12:15 pm||Closing Remarks|
|12:30 pm||Program Adjourns|
The Waldorf Astoria
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.
Conventions cannot be booked via Internet. Please be sure to refer to Convention Fare Code X87P-975 when making your reservation. This offer is not valid on the Auto Train and Acela Service. Fare is valid on Amtrak Regional for all departures seven days a week, except for holiday blackouts. Offer valid with Sleepers, Business Class or First Class seats with payment of the full applicable accommodation charges.
Visit the The Waldorf Astoria website for details, including restaurants, amenities, and nearby attractions.
For reservations, call 212.355.3000.
Rates are guaranteed until 1/8/2014, 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.
Vice President, Finance
SHOW FULL BIO » Jeffrey S. Amburgey Vice President for Finance Mr. Amburgey joined Berea College in 1994. Previously, he served as Manager of Financial Reporting at Island Creek Coal Company in Lexington, Kentucky. At Berea College he has held the positions of Associate Controller, Controller, Assistant Vice President for Finance and Controller, and assumed the Vice President for Finance position in March 2005. He earned his Bachelor of Business Administration degree with a major in Accounting from Eastern Kentucky University in 1982 and his Masters of Science degree in Accounting from the University of Kentucky in 1984. As Vice President for Finance he oversees and provides leadership in accounting/financial operations including administration of all financial policies, strategic financial planning, endowment and investment oversight, internal and external financial and tax reporting, budget development and monitoring, insurance, cash management, general accounting, accounts payable, accounts receivable, and purchasing. He also oversees all aspects of human resources and the administration of externally sponsored programs. He serves as staff to the College’s Investment Committee, Finance Committee, and Audit Committee of the Board of Trustees. He is affiliated with the National Association of College and University Business Officers (NACUBO) and the Southern Association of College and University Business Officers (SACUBO) and has served as a faculty member at the College Business Management Institute (CBMI). He has served as Chair of the Saint Joseph Health System Audit and Compliance Committee, former member of the Saint Joseph Berea Hospital Foundation Finance Committee, served as Chair of the Association of Independent Kentucky Colleges and Universities (AIKCU) Business Officers, and serves as Treasurer of the Berea Credit Union Board of Directors.
Director, Higher Education Practice
Mercer Hammond Investment Consulting
SHOW FULL BIO » Dick is a senior advisor at Mercer Hammond Consulting. Prior to that he was Executive Vice President at Kennedy Capital Management. From 1990 to 1996 Dick served as Vice Chancellor for Investments and Treasury Services at Washington University. From 1974 through 1990 he was a facuty member and department chair at Columbia University. He has written several books and numerous articles on college finance.
Executive Vice President and Chief Financial Officer
North Park University
SHOW FULL BIO » Since 1988, served as Executive Vice President and Chief Financial Office at North Park University. Educational background: B.S., Engineering Science, The Pennsylvania State University, and MBA, The University of Rhode Island.
Vice President and Senior Analyst
Moody's Investors Service
Senior Managing Director and Head of Global Public Markets
Managing Director and Head Higher Education/Non-Profit Finance
J.P. Morgan Asset Management
RBC Capital Markets
Professor, ILR Labor Economics
SHOW FULL BIO » Ronald G .Ehrenberg is the Irving M. Ives Professor of Industrial and Labor Relations and Economics at Cornell University, a Stephen H. Weiss Presidential Fellow, and the Director of the Cornell Higher Education Research Institute (CHERI). He previously served as Cornell's Vice President for Academic Programs, Planning and Budgeting and as an elected member of the Cornell Board of Trustees. He currently is a member of the SUNY Board of Trustees. Ehrenberg received a B.A. in Mathematics from Harpur College (SUNY Binghamton) in 1966, and a M.A. and PhD in Economics from Northwestern University in 1970. He also received an Honorary Doctor of Science degree from SUNY in 2008 and an Honorary Doctor of Humane Letters from Penn State University in 2011, In 2011, the Society of Labor Economists also presented him with the Jacob Mincer Award for lifetime contributions to the field of labor economics and in 2013 the Association for the Study of Higher Education presented him with the Howard Bowen Distinguished Career Award. A member of the Cornell faculty for 38 years, he has authored or coauthored over 150 papers and authored or edited 26 books. Among his most well known higher education writings is his "Tuition Rising: Why College Costs So Much (Harvard University Press, 2012). He has served worked with a large number of higher education organizations including the AAUP, NACUBO, the National Research Council, the College Board,and the TIAA-CREF Institute (where he is a fellow)
Senior Vice President
Moody's Investors Service
J.P. Morgan Securities Inc.
SHOW FULL BIO » Charlie Giffin, Executive Director, Head of Public Finance Debt Capital Markets, has been in J.P. Morgan’s Public Finance Group since 2000. Mr. Giffin provides specialized market and structuring experience to the Public Finance group and our issuer clients. Mr. Giffin has a broad background in bond structuring, quantitative solutions, liability management, tender offers, derivative solutions, enterprise risk management, and product development. Mr. Giffin oversees the firm’s TERM (“Tax-exempt Enterprise Risk Management”) platform that allows clients to develop custom risk management frameworks across the entire enterprise, including investments, liquidity, debt, and operations. Mr. Giffin has done extensive analyses for multiple marquee healthcare systems and higher education institutions. Mr. Giffin received a BA from Wittenberg University in Economics and Management, and an MBA from New York University with a concentration in Finance.
Senior Managing Director
New York Life Investment Management
Vice President for Finance
Massachusetts Institute of Technology
Vice President for Business Affairs and Chief Financial Officer
SHOW FULL BIO » F. Robert Huth, Jr. CPA, Vice President for Business and CFO of Stetson University since July 2011, previously served at Middlebury College as EVP since 2004, as VP for Administration and Treasurer from 1999-2004, and was appointed VP for Administration and CFO in 1998. A graduate of Moravian College, he has over 35 years of experience in finance and accounting, including serving as Senior VP for Administration at Moravian College and Controller of Lehigh University. Mr. Huth is a past President of EACUBO and a former Board member of NACUBO. He is the Past President of the Addison County Chamber of Commerce Board, former Treasurer of the Addison County Economic Development Corporation Board, and VP of the Addison County Transit Resources Board. He has served as a Commissioner of the New England Association of Schools and Colleges from 2007 to 2011 and currently serves as the Chair of the Board of Tuition Plan Consortium.
SHOW FULL BIO » William F. Jarvis, Managing Director, Commonfund Institute, is responsible for the Institute’s research, written analysis and client publications. A financial services executive and attorney, Bill has worked with J.P. Morgan, where he spent 13 years as an investment banker in New York and Tokyo; Greenwich Associates, where he advised leading investment management firms and led the fielding of the first Commonfund Benchmarks Study; and Davis Polk & Wardwell, where he provided legal advice to global banks and securities firms. Prior to joining Commonfund in 2006, Bill served as Chief Operating Officer of a privately-held hedge fund manager based in New York City. Bill holds a B.A. in English Literature from Yale University, a J.D. from the Northwestern University School of Law, and an M.B.A. from the J.L. Kellogg Graduate School of Management.
Co-Chief Investment Officer
Covariance Capital Management
SHOW FULL BIO » Mike is the Co - Chief Investment Officer of Covariance. Mike has over 17 years of alternative investment experience and 8 years of relevant trading experience. Most recently he was the Chief Investment Officer of Glenwood Capital Investments, LLC, a $5 billion AUM fund of hedge fund subsidiary of Man Group, plc where he worked for over seven years. Prior to that Mike was a co-portfolio manager with Sirius Partners, L.P., a fund of hedge funds where he was responsible for all aspects of hedge fund manager evaluation. Mike joined Sirius Partners, L.P. after a thirteen year career at the First National Bank of Chicago where he developed a unique knowledge of markets from eight years as a manager in its global derivatives business. In this role, he was responsible for market making and portfolio management of over-the-counter portfolios in interest rates, commodities, and equity indices. Mike received a B.B.A., cum laude, from Loyola University of Chicago, and an M.B.A. from the University of Chicago, and has earned the Chartered Financial Analyst designation.
Vice President, Senior Analyst and Team Leader
Moody's Investors Service
Chairman and Chief Executive Officer
Financial Industry Regulatory Authority
Foundation Chief Financial Officer
SHOW FULL BIO » Michelle Matis is CFO and COO of Valencia Foundation. She joined Valencia in 2001 with several years of experience in the nonprofit sector specializing in finance and accounting. Prior to Valencia, she served as Senior Accountant at Florida Hospital Foundation. At Valencia she held the position of Senior Accountant and later Controller until she assumed the CFO position in 2006. Under Michelle’s guidance as CFO, Valencia Foundation’s endowment has grown to be one of the strongest among all community colleges nationwide. In 2011, Michelle was given the additional responsibility of Chief Operating Officer of the foundation, which means she now leads all internal foundation operations including donor stewardship, communications, scholarships, foundation and alumni relations. Michelle is a member of the Council for Advancement and Support of Education, National Association of College and University Business Officers, American Association for Women in Community Colleges and Women’s Executive Council. Michelle graduated from the University of Florida with a Bachelor’s degree in Business Administration. She also has an MBA from Webster University.
Cambridge Associates, LLC
Chief Financial Officer
Vice President for Finance Emeritus
Loyola University Maryland
SHOW FULL BIO » John A. Palmucci has served as an executive focused on mission-driven not for-profit institutions with 40 years in experience in leading and managing the administrative and financial functions. John recently served as the Vice President for Finance and Treasurer at Loyola University Maryland from1994 to 2010. In his role, 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 Maryland, 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 Maryland 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 Middle States Commission on Higher Education, The Investment Management Institute, The Opal Financial Group, Maryland University of Integrative Health Audit Committee and member of the Board of Trustees, Chair of the Finance Committee and member of the Board of Trustees of the New York Chiropractic College and a member of the Board of the Tuition Exchange. At the present time John has consulted for several organizations involving process review, strategic planning, integrating planning and budgeting, cost and revenue review, feasibility studies and sustainability. He was awarded the EACUBO Distinguished Service Award in 2000 and the NACUBO Distinguished Business Officer Award in 2003. He was awarded the Cardinal John Henry Newman Medal at the Loyola University Commencement exercises on May 15, 2010. John receive
Group Head and Chief Investment Officer, Fixed Income
Associate Vice Chancellor for Finance & Business/University Treasurer
North Carolina State University
SHOW FULL BIO » Mary Peloquin-Dodd is the Associate Vice Chancellor for Finance and Business and University Treasurer at North Carolina State University. Since her appointment in May 2012, she provides leadership to the Departments of Foundations Accounting and Investments (which oversees the University’s endowment and LLCs); University Real Estate; Strategic Debt Management; Cashiers Office; and Materials Management. She is also an officer of the University’s Endowment Fund, the NC State Investment Fund, Inc. and 15 of the university’s affiliated entities. Before joining NC State, Mary was a Managing Director at Standard & Poor’s in New York, and Senior Analytical Leader of the US Higher Education and Not-for-Profit Corporate Ratings Group. Mary spent nearly 25 years at S&P, and became a widely known analyst in the field of higher education finance. She holds both an undergraduate and graduate degree from UNC-Chapel Hill.
SHOW FULL BIO » Nancy E. Pfund is Founder and Managing Partner of DBL Investors, a venture capital firm located in San Francisco, whose goal is to combine top-tier financial returns with meaningful social, economic and environmental returns in the regions in which it invests. As a leading player in the growing field of “impact investing”, DBL has helped to reveal the power of venture capital to promote social change and environmental improvement, and Nancy writes and speaks frequently on this topic. Ms. Pfund currently sponsors or sits on the board of directors of several companies, including; SolarCity (NASDAQ: SCTY), BrightSource Energy, Primus Power, Eco.logic Brands, EcoScraps, OPx Biotechnologies, Powergenix and, prior to their public offerings, Tesla Motors and Pandora Media. Ms. Pfund is a member of the Advisory Board of the UC Davis Center for Energy Efficiency; the Advisory Council of the Bill Lane Center for the American West at Stanford University; the California STEM Learning Network (CSLNet) board of directors; a C3E Ambassador to the U.S. Clean Energy Education and Empowerment Program, led by the U.S. Department of Energy in partnership with the MIT Energy Initiative; and is a founding officer and director of ABC2, a foundation aimed at accelerating a cure for brain cancer. Ms. Pfund received her BA and MA in anthropology from Stanford University, and her MBA from the Yale School of Management.
Director, Institutional Investment Strategist
Director, Research & Policy Analysis
SHOW FULL BIO » Ken Redd is Director, Research and Policy Analysis at the National Association of College and University Business Officers (NACUBO). He came to NACUBO in 2008 from the Council of Graduate Schools, where he directed the organization's research and policy analysis efforts. At NACUBO, Ken oversees the annual Tuition Discounting Study and the NACUBO-Commonfund Study of Endowments. Ken has a master’s degree in public affairs from the University of Minnesota and a bachelor’s in English and political science from Tufts University.
Chief Investment Officer and President ACIMCO
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 2006, 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, Abilene Christian Schools and Kenley School.
Senior Vice President, Head of Public Fixed Income
Cambridge Associates, LLC
SHOW FULL BIO » Rob is a Director at Cambridge Associates where he oversees business development and client service for C|A Capital Management, the firm’s business unit providing outsourced investment office solutions to institutional investors. Prior to joining Cambridge Associates, Rob was a Faculty Associate at the Harvard Kennedy School of Government and a mid-career graduate student at the Harvard Divinity School, where he earned a Master of Theological Studies, and collaborated with other faculty to develop curriculum that explored the intersection of faith and leadership in business and public service. Prior to that, Rob worked for 17 years in international finance and investment management, first as a Vice President on the foreign exchange trading desk at Goldman Sachs, then a Managing Principal of Oechsle Alternative Investments, a division of Oechsle International Advisors, and ultimately a Managing Principal of Seacross Global Advisors. Education MTS, Harvard Divinity School MBA, Harvard Business School AB, Princeton University Board Affiliations Trustee of Partners Healthcare System, member of the PHS Investment Committee and Executive Investment Committee Member of the Board of Advisors of the Boston Hedge Fund Group Director of the Diocesan Development Council of the Episcopal Diocese of Massachusetts
Senior Fellow, Finance & Campus Management
SHOW FULL BIO » Bob Shea joined NACUBO as senior fellow, finance and campus management in February 2013. Shea’s portfolio includes finance, debt, endowment and campus management issues that impact on our membership and resemble those areas of responsibility held by chief business officers. Immediately prior to NACUBO, Shea was the Vice President for Business Affairs and Chief Financial Officer at the Community College of Rhode Island (CCRI) where he had responsibility for budget, finance, human resources, information technology, strategic planning, risk management, physical plant and security at the four campus, 18,000 student, 1,200 employee, $145 million dollar enterprise that served Rhode Islanders from all walks of life. Shea also advised the Rhode Island commissioner of higher education on strategic and financial issues. A Boston native, he served as a naval officer from 1982 until his retirement as a Captain in July 2007. He joined CCRI from his last Navy assignment at the Naval War College in Newport, Rhode Island where he led the leadership and management faculty. He holds a Masters of Business Administration from the College of William and Mary and a Master of Arts in Strategic Studies from the Naval War College. Bob has been married to Tracey Baldwin for 29 years and they recently relocated to Alexandria, Virginia. Together they have two sons, RJ a Bowdoin College grad working in finance in New York City and Andrew, a graduate of the U.S. Naval Academy, training to be a Navy pilot in Florida.
Chief Investment Officer
Case Western Reserve University
SHOW FULL BIO » Sally J. Staley Sally Staley joined Case Western Reserve University’s investment office in 2002 and became Chief Investment Officer in 2006. She manages a staff of six professionals overseeing investment 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 has served for many years as a board member and investment committee Chair for both the Great Lakes Theater Festival and the Saint Luke’s Foundation of Cleveland.
Chief Equity Strategist
S&P Capital IQ
SHOW FULL BIO » As chief equity strategist of S&P Capital IQ, Sam Stovall serves as analyst, publisher and communicator of S&P’s outlooks for the economy, market, sectors and stocks. He is the Chairman of the S&P Investment Policy Committee, where he focuses on market history and valuations, as well as industry momentum strategies. Sam is the author of The Seven Rules of Wall Street, as well as The Standard & Poor’s Guide to Sector Investing. He writes a weekly investment piece on S&P Capital IQ’s MarketScope Advisor platform (www.advisor.marketscope.com). His work is also found in S&P Capital IQ’s flagship weekly newsletter The Outlook. Sam joined S&P Capital IQ in April 1989. Prior to S&P, he served as Editor In Chief at Argus Research, an independent investment research firm in New York City. Sam received an M.B.A. in Finance from New York University and a B.A. in History/Education from Muhlenberg College, in Allentown, Pa. He is a Certified Financial Planner, and is a Trustee of the Securities Industry Institute®, the executive development program held annually at The Wharton School of The University of Pennsylvania.
Chief Investment Strategist and Chief Economist
Executive Vice President and Chief Financial Officer
University of California Office of the President
Chair, Endowment and Debt Management Forum Committee 2014
SHOW FULL BIO » Bio Judy Van Gorden is President of New Treasury Solutions, a consulting firm, and works with for-profit and not-for-profit institutions to identify and implement solutions to improve management of debt, investments and cash resources. From 2006 – 2010, Ms. Van Gorden served as the Senior Vice President, Chief Financial Officer and Treasurer of the Arizona State University Foundation, a 501(c)3 that provides fundraising and advocacy services for the benefit of ASU. Previously, she was named Treasurer and Chief Investment Officer Emerita in 2004 by the Regents of the University of Colorado after serving for eleven years in this position. At CU she was responsible for the university’s large investment and debt portfolios, and for all banking services for the CU system and campuses. She served on the University of Colorado Foundation investment committee, the board of directors of the university’s real estate supporting organizations and tech transfer supporting organizations. Prior to CU, she served as Assistant Treasurer for Cornell University and held positions in strategic planning and budgeting with a number of Fortune 500 companies. Judy has volunteered with NACUBO throughout her career, supporting their educational efforts in investment management, debt management and cash management and the NACUBO endowment study. Judy has a B.S. from Purdue University and an M.B.A. from the Wharton School of the University of Pennsylvania. She is a recipient of the Rodney Adams Award from NACUBO and the CommonFund for endowment management excellence.
The Ethics Guy
Chief Investment Officer
Roundtable Investment Partners
SHOW FULL BIO » CASEY D. WHALEN SELLERS, CFA Chief Investment Officer, Roundtable Investment Partners LLC Roundtable Investment Partners was founded in 2006 by a team of senior endowment, private equity and finance professionals who believe that mid-sized endowments and similarly sized families should have access to a global, multi-asset, multi-manager investment platform that has historically only been available to top-tier institutions. Roundtable is a values-based investment manager with an independent, boutique focus that seeks to combine the best qualities of the endowment approach to investment management, strategic advice and planning. Prior to joining Roundtable, Ms. Whalen Sellers was the Chief Investment Officer of The New York Public Library. She joined the Library as the first CIO with a mandate to create the Office of Investments. Her main responsibilities included asset allocation, manager selection and overall portfolio and investment management of the endowment, which is invested across various traditional and alternative asset classes. Prior to joining The New York Public Library, she was Director of Public Investments for The Rockefeller University, focusing primarily on global equities, hedge funds and fixed income. She also played a major role in asset allocation, overall portfolio management and the establishment of the University’s real estate allocation. Ms. Whalen Sellers began her investment career at the Yale University Investments Office working across various asset classes, including foreign equities and fixed income. Ms. Whalen Sellers is a graduate of Yale University (B.A.) and is a CFA charterholder and member of the New York Society of Security Analysts.
President and Chief Investment Officer
Covariance Capital Management
SHOW FULL BIO » Scott is the President and Chief Investment Officer of Covariance. Prior to leading Covariance, Scott spent 21 years in the role of chief investment officer of Rice University (July 1989-June 2010). At Rice, Scott was responsible for the management and oversight of all investment matters, including asset allocation, sourcing investment opportunities, investment manager selections/monitoring and investment performance. In this capacity, Scott broadened the endowment’s asset allocation to include venture capital, private equity and hedge fund investment portfolios, as well as real estate, timber and oil/gas investments. Additionally, he worked with banks on securities custody, cash management and other banking matters, and developed and monitored endowment spending policy. During Scott’s tenure as chief investment officer, the assets under management of the Rice University endowment increased from approximately $990 million in 1989 to $3.8 billion in 2010. In recognition of the endowment’s success, John Baschab and Jon Piot dedicated a chapter of their 2010 book, Outperform: Inside the Investment Strategy of Billion Dollar Endowments, to Scott’s investment philosophy and the Rice endowment’s notable track record. In 2006, Scott was a finalist for Institutional Investor magazine’s Award for Excellence in Investment Management by Endowments. Scott has served on the Board of Directors for HCC Insurance Holdings, Inc. (NYSE listed), the Investment Advisory Board to the Texas State Comptroller and the Board of Trustees for St. John’s School and Episcopal High School. Scott received his Masters in Professional Accounting from The University of Texas at Austin and his B.B.A. in Economics from Rice University.
2014 Endowment and Debt Management Forum
February 5-7, 2014
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