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Q: Stanford University fund managers ( Answered,   1 Comment )
Subject: Stanford University fund managers
Category: Business and Money
Asked by: vjpedo-ga
List Price: $100.00
Posted: 25 Aug 2005 21:16 PDT
Expires: 24 Sep 2005 21:16 PDT
Question ID: 560662
Who are the fund managers for Stanford University? I believe, but I'm
not sure, that the fund managers manage the investments of Stanford's
Subject: Re: Stanford University fund managers
Answered By: justaskscott-ga on 25 Aug 2005 22:47 PDT
Hello vjpedo,

It does not appear that Stanford uses the term or title "fund
managers" for the persons who manage the investments of Stanford's
endowment.  Rather, there is a Chief Investment Officer, Michael L.
Ross, along with other investment staff, at the Stanford Management

"The Stanford Management Company Staff"
Stanford Management Company

"The Stanford Management Company (SMC) was established in 1991 to
manage Stanford's financial and real estate assets.  SMC is a division
of the University with oversight by a Board of Directors appointed by
the University Board of Trustees.

* * *

SMC oversees approximately $12.0 billion of endowment and trust
assets, expendable funds, and commercial real estate investments."

Stanford Management Company

"SMC, with assistance from its board, actively manages the endowment,
while remaining committed to a consistent long-term investment

"Endowment Asset Allocation"
Stanford Management Company

It may be relevant to note that Michael L. Ross, who is the Chief
Investment Officer of SMC as mentioned above, and Michael G.
McCaffery, President and Chief Executive Officer of SMC, signed SMC's
2004 report, which discusses investment of the endowment over the
previous 12 months.

"Report from the Stanford Management Company" (Stanford University 2004)
Stanford Management Company

This report is also contained in Stanford University's 2004 annual report.

"Stanford University 2004 Annual Report" [pages 55-60 of the report;
pages 57-62 of the PDF file] [Note: SMC's Board of Directors are
listed on page 61 of the report, page 63 of the PDF file.]
Stanford University [Business Affairs, Bondholder Information]

In summary, Mr. Ross, along with other SMC staff and with assistance
from the SMC board, manages the investments of Stanford's endowment.

If I have misunderstood any aspect of your question, or if you need
clarification of this answer, please let me know, so that I may do
follow-up work.

- justaskscott

Search strategy --

Searched on Google for combinations of these terms:

"stanford university"
"fund managers"
livingston [Stanford's Chief Financial Officer]
"stanford management company"
Subject: Re: Stanford University fund managers
From: jago8-ga on 28 Aug 2005 08:56 PDT
From a quick look at
I should think that SMC make the asset allocation decisions but that
the stock-by-stock decisions are outsourced to fund management houses
either through collective investment schemes (like mutual funds)
and/or through contracts for specific institutional portfolios.

"Fund manager" is usually used not as a job title (although it may be
that too) but as short-hand for "fund management company", "asset
management company".

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