Book description
"University endowment managers have generally outperformed the
market benchmarks. However, their knowledge has not been well documented
in any book. This book fills that gap and should be of significant help
to all those who want to learn from extensive interviews with a number
of endowment managers."
-PREM JAIN,
McDonough Professor of Accounting and Finance, Georgetown University
Learn how higher education's largest endowments consistently
achieve higher investment returns than the overall market.
The Chief Investment Officers who oversee the top academic endowment
funds manage over 0 billion in total assets. Over the last ten years
(1999-2009), large endowments returned an average of 6. 1%, compared
to the S&P 500 index average of -2. 22%, an outperformance
difference of over 8%. With the recent sharp economic downturn, and a
decade of inflation-adjusted flat returns in the overall equities
market, institutional and individual investors alike are looking to
endowments for proven strategies for improving the performance of
their portfolios. Outperform: Inside the Investment Strategy of
Billion Dollar Endowments interviews top CIOs from leading
endowments, to detail how they consistently outperform the market,
what they predict for the coming years, and how small investors can
employ their investment philosophies.
JOHN BASCHAB is Senior Vice President at
Technisource, a leading business services company and a division of
SFN Group. He was a cofounder and president of consulting services at
Impact Innovations Group before successfully selling the company to
Technisource in 2005. After receiving his MBA with honors from the
University of Chicago Booth School of Business, Baschab worked as a
technology consultant to Fortune 500 companies in the Chicago office
of management consultancy Booz & Company. He began his career at
AT&T following graduation from the University of Alabama. John is
an adjunct professor at Southern Methodist University.
JON PIOT received a bachelor of science from Southern Methodist
University and an MBA from Harvard Business School. He began his
career at Andersen Consulting (now Accenture) and provided consulting
services to Fortune 500 companies at management consultancy Booz-Allen
Hamilton. As co-founder and CEO of Impact Innovations Group, Jon led
the sale of Impact Innovations to Technisource in 2005 and was part of
the executive team responsible for the sale of Technisource to
Spherion Corp. He is currently the managing partner at Redpoint
Capital, a private equity investment group, and an adjunct professor
at Southern Methodist University.
