Having achieved impressive returns over a number of years, foundations and endowments are finally being recognized as investment powerhouses. With sophisticated portfolios managed by talented financial professionals, these institutions have become increasingly influential due to their long-term perspective - which gives them the latitude to take more investment risks and adopt new asset classes long before other investors.
Now, in Foundation and Endowment Investing, authors Lawrence Kochard and Cathleen Rittereiser offer you a detailed look at this fascinating world and the strategies used to achieve success within it. Filled with in-depth insights and expert advice, this reliable resource profiles twelve of the most accomplished Chief Investment Officers within today's foundation and endowment community; chronicling their experiences, investment philosophies, and the challenges they face in allocating assets, managing risks, and selecting from an increasingly complex set of investment opportunities.
Besides providing you with the practical perspectives of top investors and institutions, Foundation and Endowment Investing - through the combined expertise of two well-informed authors - clearly lays out the basic background and current landscape of this ever-evolving industry, and shares important lessons that can be used by those in the broader investment community.
Preface
Acknowledgments
About the Authors
Pt. 1 Foundations and Endowments Rise as Powerful Institutional Investors
Ch. 1 The Evolution of Foundation and Endowment Investment Management: From Poorhouses to Powerhouses 3
Ch. 2 Foundation and Endowment Investing 101: Essential Practices of a Successful CIO 19
Ch. 3 The Investment Landscape: You Are Here 43
Pt. 2 Profiles In Capital: Philosophies and Strategies from Leading Foundation and Endowment Chief Investment Officers
Ch. 4 Another Saga of Omaha by Laurie Hoagland 63
Ch. 5 Doctor, Lawyer, Investment Chief by Allan S. Bufferd 77
Ch. 6 Leading the Evolution by Alice Handy 93
Ch. 7 Partner, Patriot, and Performer by Scott C. Malpass 109
Ch. 8 Built an Endowment through Common Sense by William Spitz 127
Ch. 9 Investment Artist with Her Own Perspective by Ellen Shuman 143
Ch. 10 Master of All Trades by Bruce Madding 157
Ch. 11 Agile Investment Engineer by Bob Boldt 173
Ch. 12 Driven by Intellectual Curiosity by Donald W. Lindsey 191
Ch. 13 The CIO as CEO by Jonathan Hook 205
Ch. 14 Navigating New Investment Waters by Daniel J. Kingston 225
Ch. 15 Invest without Emotion, Act with Conviction by Mark W. Yusko 241
Pt. 3 Summary and Analysis: Key Points on Investments, Endowment Management, and the Future
Ch. 16 Lessons for Investors: Investment Principles and Advice
