Ivy Endowments Performance and Pay 2014:
Tenure, turnover, and the long game...plus our vote for best CIO over the last ten years.
[Spoiler: Our pick? Seth Alexander, CIO at MIT]
Every fall we chronicle endowment performance and pay at the eight traditional Ivy League schools, and at a few other top private schools around the country.
This year our Alt-Ivys are: Stanford, Chicago, Notre Dame, MIT and Duke. We think their academic prestige, endowment size and sophisticated management make them investment peers of the Old Ivys.
In previous editions we emphasized five-year annualized returns as a key measurement. Our argument was: as recruiters we are interested in the performance of current management; and the average tenure among institutional chief investment officers is only about five years.
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