Foundation and Endowment Investing: Philosophies and Strategies of Top Investors and Institutions (Wiley Finance) [Hardcover]

Lawrence E. Kochard CFA (Author), Cathleen M. Rittereiser (Author)

Book Description

Series: Wiley Finance | Publication Date: January 2, 2008

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—and shares important lessons that can be used as you go about your own investment endeavors.

Editorial Reviews

Review

"…informative and entertaining…an excellent resource for anyone who is considering a career move into this field or who has not-for-profit organizations as clients." (Financial Analysts Journal, July/August 2008)

From the Inside Flap

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.

Some of the individuals you'll hear from along the way include:

• Laurie Hoagland, CIO, Hewlett Foundation

• Scott C. Malpass, CIO, University of Notre Dame

• Alice Handy, CIO, Investure, LLC

• William Spitz, CIO, Vanderbilt University

• Don Lindsey, CIO, George Washington University

Ellen Shuman, Vice President and CIO, Carnegie Corporation of New York

While each professional profiled skillfully discusses the strategies used to improve the financial health of their respective institutions, they also take the time to bridge the gap between theory and practice by describing how to apply the principles they've pioneered in real-world market conditions.

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.

As investors, we all want to do a better job establishing a disciplined investment process in order to generate better returns on our portfolio—whether it's for the benefit of an institution or our families. With Foundation and Endowment Investing as your guide, you'll discover how to do this and much more as you gain from the experience of today's top investment officers.

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Product Details

• Hardcover: 320 pages
• Publisher: Wiley; 1 edition (January 2, 2008)
• Language: English
• ISBN-10: 0470122331
• ISBN-13: 978-0470122334
• Product Dimensions: 9 x 6.4 x 1 inches
• Shipping Weight: 1.1 pounds (View shipping rates and policies)
• Average Customer Review: 5.0 out of 5 stars  See all reviews (6 customer reviews)
• Amazon Best Sellers Rank: #228,302 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

7 of 7 people found the following review helpful:

5.0 out of 5 stars Thorough and Informative, January 14, 2008

By 

Becky McCray "Small Town Entrepreneur" (Oklahoma, USA) - See all my reviews

This review is from: Foundation and Endowment Investing: Philosophies and Strategies of Top Investors and Institutions (Wiley Finance) (Hardcover)

Starting with the thorough introduction, this book taught me volumes about foundation investing. I sit on a foundation board, and I feel much more comfortable with investment policy discussions now! I recommend this book and have loaned my copy out to our executive director.

4 of 4 people found the following review helpful:

5.0 out of 5 stars Important & Rare Examination of Endowment & Foundation Investing, February 16, 2008

By 

Jeffrey L. Moore (Locust Valley, NY, USA) - See all my reviews
(REAL NAME)   

This review is from: Foundation and Endowment Investing: Philosophies and Strategies of Top Investors and Institutions (Wiley Finance) (Hardcover)

Authors Larry Kochard and Cathleen Rittereiser have published an instructive and rare look behind the scenes of a collection of elite endowments and foundations. Their important text enhances and expands the good work of David Swensen in "Pioneering Portfolio Management" by revealing the thoughts and investment processes of a dozen accomplished Chief Investment Officers. "Foundation & Investment Investing" will be valuable for a broad universe of readers including CIOs, board members, investment staff professionals, portfolio managers and analysts, fund marketing professionals, business professors and their students, and individual investors. As foundation and endowment investment offices can be challenging to understand, I have bought additional copies for my colleagues in our equity hedge fund. I have also bought copies for a few individual investors who have asked for my guidance on managing their retirement portfolios in this increasingly volatile and complex investment environment. The final chapter observes that the CIOs interviewed are "all likable people". I agree, and enjoyed the sharp and candid insights of each of the CIOs. The interviews with Mark Yusko and Alice Handy were particularly enjoyable and instructive.

As CIO of Georgetown University and investment management executive of Alternative Asset Managers, respectively, the authors' historical perspectives and informed commentary are interesting, and their organizations are lucky to have them.

I hope Kochard and Rittereiser are interviewing another dozen CIOs for a sequel to this excellent and important investment management book!

2 of 2 people found the following review helpful:

5.0 out of 5 stars Excellent profiles of top endowment/foundation Chief Investment Officers., March 10, 2008

By 

Tobias Seggerman (Boston, MA) - See all my reviews
(REAL NAME)   

This review is from: Foundation and Endowment Investing: Philosophies and Strategies of Top Investors and Institutions (Wiley Finance) (Hardcover)

"Foundation and Endowment Investing" by Larry Kochard (himself a top Chief Investment Officer) and Cathleen Rittereiser is a very well written and valuable book. While providing an excellent general overview of how the investment landscape has changed for some of the most innovative investors today, I found the most interesting and valuable section to be the profiles of 12 of the top endowment and foundation CIOs. The authors obviously spent hours interviewing and gaining insights from these titans of the investing world, resulting in a very readable and valuable book.