In furtherance of its mission of promoting the adoption of best practices in endowment management, the TIFF Education Foundation (TEF) conducted a seminar on Thursday, July 26, 2007, in Cambridge, Massachusetts. Audio recordings of the five interviews comprising the seminar are available below. The interviews were conducted by TEF president David Salem.  

Choose a speaker for their biography:
Bevis Longstreth | Joanne Hill | Marty Leibowitz | Hilda Ochoa-Brillembourg | Tom Steyer

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Bevis Longstreth
Former SEC Commissioner; author of leading treatises on legal aspects of institutional investing

Bevis Longstreth is a retired partner of Debevoise & Plimpton, a New York-based law firm, where he was admitted to partnership in 1970. There, he practiced corporate finance, banking and securities law. In 1981, he was appointed by President Regan as the 60th commissioner of the Securities and Exchange Commission (SEC). In 1984, after his resignation from the SEC, Mr. Longstreth returned to Debevoise & Plimpton where he stayed until his retirement. From 1994 to 1999, Mr. Longstreth was an adjunct professor at the Columbia University Law School, where he lectured on various securities and coporate law topics.

Mr. Longstreth has written numerous articles on business-related subjects as well as many books including Modern Investment Management and the Prudent Man Rule, published in 1986, and Spindle and Bow, his first novel, published in 2005

Mr. Longstreth has served on the boards of AMVESCAP, PLC and the College Retirement Equities Fund (CREF) and as chairman of the finance committee of the Rockefeller Family Fund. He has served as chairman of the investment committee of the Nathan Cummings Foundation and as a fiduciary for many other endowment funds.

Mr. Longstreth currently serves on the boards of Grantham, Mayo, Van Otterloo LLC, New School University and The Textile Museum. He is a graduate of Princeton University and Hardvard Law School.

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Joanne Hill
Managing Director
Goldman Sachs

Joanne Hill is a managing director in the Securities Division of Goldman Sachs, advising institutional investors on investment, risk management and equity product strategies. Ms. Hill has spent 20 years at investment banks in quantitative roles, 14 of those at Goldman Sachs, assisting clients in investment product development, portfolio structuring and derivatives trading strategies. For many years, she led the Global Equity Derivatives Strategy at Goldman, which repeatedly gained top ranking in client and industry surveys.

Prior to coming to Wall Street, she was on the finance faculty at the University of Massachusetts (Amherst) and was a research analyst at the Federal Reserve Board. Ms. Hill has published extensively on quantitative topics. She is a member of the board and research committee for the Q-Group and serves on the editorial board of the Financial Analysts Journal and the Journal of Indexing.

Ms. Hill earned an undergraduate degree from American University and an MA in international affairs from George Washington University. She also holds an MBA and Ph.D. in finance and quantitative methods from Syracuse University.

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Marty Leibowitz
Managing Director
Morgan Stanley

Marty Leibowitz is a managing director with Morgan Stanley Equity Research's global strategy team. Over the past two years, he and his associates have produced a series of studies on such topics as beta-based asset allocation, integration of active and passive alphas and the need for greater fluidity in policy portfolios.

Prior to joining Morgan Stanley, Mr. Leibowitz was vice chairman and chief investment officer of TIAA-CREF from 1995 to 2004, where he managed over $300 billon in equity, fixed income and real estate assets. Previously, he had a 26-year association with Salomon Brothers, where served as director of global research, covering both fixed income and equities, and was a member of that firm's executive committee.

Mr. Leibowitz is a trustee and vice chairman of the Carnegie Corporation and the Institute for Advanced Study at Princeton. He is also a member of the Rockefeller University Council and the Board of Overseers of New York University's Stern School of Business. Mr. Leibowitz serves on the investment advisory committee for the Harvard Management Corporation, the University of Chicago and the Rockefeller Foundation. He is a past chairman of the board of the New York Academy of Sciences and a former member of the investment advisory committee for the New York State Common Retirement Fund and the Phi Beta Kappa Society.

Mr. Leibowitz received both AB and MS degrees from the University of Chicago and a Ph.D in mathematics from the Courant Institute of New York University.

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Hilda Ochoa-Brillembourg
President and CEO
Strategic Investment Group

Hilda Ochoa-Billembourg is president and chief executive officer of Strategic Investment Group (SIG) and managing director of the Emerging Markets Investment Corporation and Emerging Markets Management (EMI/EMM): investment management groups she founded in 1987 that design and implement global investment strategies for large institutional and individual investors.

From 1976 to 1987, Ms. Ochoa served as chief investment officer of the Pension Investment Division of the World Bank. A native of Venezuela, she has served as a lecturer at her alma mater, the Universidad Catolica Andres Bello in Venezuela, and as treasurer of the C.A. Luz Electrica de Venezuela in Caracus.

A Fulbright Fellow and Fulbright Lifetime Achievement Awardee, Ms. Ochoa serves on the board of directors of the World Bank/International Monetary Fund Credit Union, the Hardvard Management Company, General Mills and McGraw-Hill Companies. She is a member of the executive commitees of The Washington National Opera and the National Symphony Orchestra, and is founder and chairman of the Youth Orchestra of the Americas. She is vice chairman of the Group of 50, a group of leading Latin American CEOs, sponsored by the Carnegie Endowment for International Peace. In addition, she is a member of the investment committee of the Rockefeller Family Fund and serves on the advisory committees of the David Rockefeller Center for Latin American Studies and The Hauser Center at Harvard University.

Ms. Ochoa received her MPA from Harvard's JFK School of Government. She is a Chartered Financial Analyst.

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Tom Steyer
Managing Partner and CIO
Farallon Capital Management

Tom Steyer is a senior managing member of Farallon Capital Management, LLC, and oversees all of Farallon's investment activities.

Mr. Steyer has been managing partner and chief investment officer of Farallon's investment activities since its inception in 1986. Mr. Steyer is also a managing director of Hellman and Friedman, a San Francisco-based private equity investment firm.

Prior to founding Farallon and joining Hellman and Friedman in 1986, Mr. Steyer worked for Goldman Sachs. While there, he had primary responsibility for a substantial number of the Goldman Sachs merger arbitrage department's investments, including all international arbitrage. Between college and business school, Mr. Steyer worked for two years as a financial analyst in Morgan Stanley's mergers and acquistions department.

Mr. Steyer received his undergraduate degree from Yale University, where he graduated Summa Cum Laude in economics and political science and was elected to Phi Beta Kappa. At Yale, he was captain of the soccer team and a second-team All-Ivy selection. Mr. Steyer received an MBA from Stanford's Graduate School of Business, where he was an Arjay Miller Scholar, vice president of his class and a member of the University's Student Senate.