Your investment committee plays a key role in the successful management of your institution's endowment. In this presentation, moderated by Mimi Lord of the TIAA-CREF Institute, Jane Mendillo of Wellesley College and Jay Namyet of the University of Oregon Foundation will share their insights on developing highly effective relationships between the investment committee and the investment staff. They will discuss the most important roles and responsibilities of the investment committee, as well as the types of activities they should not be involved in.
The first full-time investment professionals at their respective institutions, Ms. Mendillo and Mr. Namyet will describe how they began to implement changes in their endowment policies, including asset allocations, manager changes, and operating procedures. Join Mimi Lord as she explores best practices with Chief Investment Officers at two of the top performing endowments for 10-year compounded rates of return.
The TIAA-CREF Institute, the American Council on Education, and NACUBO extend this invitation to hear our panel of experts discuss how to go about achieving endowment success with your investment committee.
Learning Objectives:
- Policies and procedures important in successfully managing the endowment
- Roles and responsibilities of the investment committee versus those of the investment office
- Characteristics of the optimal investment committee
- Managing communications between the investment office and the investment committee
- How to use the NACUBO Endowment Study Tool (NEST) to convey appropriate information to the investment committee
- Educating the investment committee
- Common mistakes to avoid
The Presenters:
Mimi Lord is associate director of the TIAA-CREF Institute. She has an MBA from the University of Michigan as well as 20 years of experience in financial services positions, including investment analyst, portfolio manager, financial planner, and investment columnist. She serves as editor of a TIAA-CREF Institute publication on financial topics and has provided analysis and presentations of the NACUBO Endowment Study.
Jane L. Mendillo is the chief investment officer of Wellesley College. Since arriving at the college in 2002, she has been responsible for building an expanded investment office and overseeing the management of the college's billion-dollar plus endowment. Prior to Wellesley, Ms. Mendillo was with the Harvard Management Company, Inc., where, as vice president for external management, she was responsible for portfolio management of approximately $7 billion in assets. Earlier in her 14-year tenure at Harvard, she served as vice president for private equity and vice president for trusts. She received her BA from Yale University and her MBA from Yale's School of Management. Mendillo serves on the Yale University Investment Committee and on the board of The Investment Fund for Foundations (TIFF).
Jay Namyet is the chief investment officer of the University of Oregon Foundation, having joined the organization in 2000. He has over 20 years of investment experience, having started his career as a proprietary trader for Paine Webber Mitchell Hutchings in 1982. Namyet is responsible for oversight of all facets of the investment process with regard to the endowment, trust, and cash pools. He earned a BA in Economics from the University of Pennsylvania and an MBA from New York University.
For more information about this program and to register, visit the NACUBO website at http://www.nacubo.org/x6698.xml
