Office of Finance

The Office of Finance is responsible for the oversight and management of the University’s Consolidated Endowment Fund (“CEF”) which had a market value of $4.2 billion at June 30, 2020. The primary investment objective of the CEF is to earn a rate of return over an extended period of time that is sufficient to support a prudent spending policy and preserve the CEF’s real (inflation-adjusted) asset value. Primary responsibilities include:

  • Recommendation and review of asset allocation and spending policies
  • Monitoring compliance with CEF policies, objectives and risk parameters
  • Portfolio rebalancing within the ranges set forth in the asset allocation policy
  • Development and implementation of both strategic and tactical investment decisions
  • Investment manager identification and selection including investment and operational due diligence as well as ongoing monitoring
  • Monitoring and reporting of investment performance and benchmarking analyses
  • Development of annual peer benchmark comparison reporting as a means to evaluate the CEF’s performance and manager selection
  • Selection of custodian bank ensuring safeguarding of assets under custody
  • Reporting to the Investment Committee and other Board of Trustee committees as well as providing reports to University departments and donors
  • Establishing and maintaining internal controls, processes and systems to accurately safeguard and account for CEF financial assets
  • Accounting and financial reporting of the CEF in accordance with GAAP including audited financial statement footnote disclosures
  • Developing and maintaining the Environmental, Social and Governance (“ESG”) Policy for the CEF and integrating ESG factors into the decision-making process

We are always looking to work with new partners so please contact us if you have an opportunity for us to consider.