Table of Contents
Preface ix
Acknowledgments xiii
About the Authors xv
PART ONE Foundations and Endowments Rise as Powerful Institutional Investors
CHAPTER 1 The Evolution of Foundation and Endowment Investment Management 3From Poorhouses to Powerhouses
CHAPTER 2 Foundation and Endowment Investing 101 19Essential Practices of a Successful CIO
CHAPTER 3 The Investment Landscape 43 You Are Here
PART TWO Profiles in Capital: Philosophies and Strategies from Leading Foundation and Endowment Chief Investment Officers
CHAPTER 4 Another Sage of Omaha 63Laurie Hoagland, CIO, Hewlett Foundation
CHAPTER 5 Doctor, Lawyer, Investment Chief 77Dr. Allan S. Bufferd, Treasurer Emeritus, Massachusetts Institute of Technology
CHAPTER 6 Leading the Evolution 93Alice Handy, CIO, Investure, LLC
CHAPTER 7 Partner, Patriot, and Performer 109Scott C. Malpass, CIO, University of Notre Dame
CHAPTER 8 Built an Endowment through Common Sense 127William Spitz, CIO, Vanderbilt University
CHAPTER 9 Investment Artist with Her Own Perspective 143Ellen Shuman, Vice President And CIO, Carnegie Corporation of New York
CHAPTER 10 Master of All Trades 157Bruce Madding, CIO, Henry J. Kaiser Family Foundation
CHAPTER 11 Agile Investment Engineer 173Bob Boldt, CIO, Agility Funds
CHAPTER 12 Driven by Intellectual Curiosity 191Donald W. Lindsey, CIO, George Washington University
CHAPTER 13 The CIO as CEO 205Jonathan Hook, CIO, Baylor University
CHAPTER 14 Navigating New Investment Waters 225Daniel J. Kingston, Managing Director, Portfolio Management, Vulcan Capital
CHAPTER 15 Invest without Emotion, Act with Conviction 241Mark W. Yusko, Chief Investment Officer, Morgan Creek Capital Management
PART THREE Summary and Analysis: Key Points on Investments, Endowment Management, and the Future
CHAPTER 16 Lessons for Investors 265Investment Principles and Advice
CHAPTER 17 The Business of Foundation and Endowment Investment Management 273Impact of Comparison, Competition, and Compensation
CHAPTER 18 Real Rewards 279Investing is a People Business
Notes281
Index285