Month: January 2024

Jim Russo, CFA, a Director of TIFF’s Member Strategy group, explains that smaller and emerging managers tend to outperform their larger counterparts. He covers TIFF’s access to this potential source of alpha, revealing investment strategies we employ in areas that are less frequently explored by others.

Watch here: TIFF Spotlight Series: Emerging Managers

The materials are being provided for informational purposes only and constitute neither an offer to sell nor a solicitation of an offer to buy securities. These materials also do not constitute investment, legal or tax advice. Opinions expressed herein are those of TIFF and are not a recommendation to buy or sell any securities.

TIFF Investment Management Expands Mutual Fund Board with Notable Industry Leaders and Advisory Board Appoints New Chair

Mark Baumgartner, Dalio Family Office CIO, named Mutual Fund Board Chair. Robert Durden, CEO and CIO of UVIMCO, extends board role by becoming Advisory Board Chair; William McCalpin retires after 15 years

Radnor, PA — January 25, 2024 — TIFF Investment Management (“TIFF”), an institutional asset management firm dedicated to delivering comprehensive outsourced CIO (OCIO) and private markets solutions primarily to nonprofits, announced today the addition of Leena Bhutta, CIO of Doris Duke Foundation, and Thomas Lenehan, CIO of The Wallace Foundation, to TIFF’s Mutual Fund Board. Mark Baumgartner, CIO of the Dalio Family Office, has been named chair of the Mutual Fund Board, succeeding William (“Bill”) McCalpin, who is retiring after 15 years of service. Robert Durden, CEO and CIO of UVIMCO, has been appointed the chair of TIFF’s Advisory Board.

TIFF’s Mutual Fund and Advisory Boards are comprised of leaders from globally renowned institutions. The Mutual Fund Board oversees TIFF’s 40 Act Fund, and both Boards lend their investment insights and institutional perspectives to TIFF’s clients and portfolios.

“It is an honor to build upon Bill’s legacy as the TIFF Mutual Fund Board Chair,” said Mark Baumgartner. “Bill’s leadership, dedication, and mission focus has been crucial to TIFF’s clients and their ability to achieve their missions.”

“TIFF and I are extremely grateful for Bill’s commitment to serving nonprofits. We welcome Leena, and Thomas, and thank Mark for stepping into a leadership role,” said Kane Brenan, CEO of TIFF. “The Mutual Fund Board’s distinctive oversight allows us to deliver investment excellence and serve as a valued partner to nonprofit organizations.”

Leena Bhutta serves as the CIO for the $2bn endowment of the Doris Duke Foundation, an organization committed to building a more creative, equitable, and sustainable future. Previously, Leena held roles at Goldman Sachs and Joho Capital. Originally from Pakistan, Leena earned a bachelor’s degree from Wellesley College and an MBA from Stanford University.

Thomas Lenehan is CIO of The Wallace Foundation, a nonprofit that fosters improvements in learning and enrichment for young people and in the arts for everyone. Previously, Thomas was the deputy CIO of The Rockefeller University and held roles at Commonfund Capital and Vista Equity Partners. Thomas earned a bachelor’s degree from Georgetown University and an MBA from Stanford University.

“After four years of supporting TIFF’s Board in various capacities, including as TIFF Board Chair, I am excited and honored to serve as the chair of TIFF’s Advisory Board,” said Robert Durden. “The Advisory Board is a critical element of TIFF’s ability to continue to deliver outstanding investment results for its clients and to strengthen its competitive position in the industry.”

Robert is the CEO and CIO of UVIMCO, where he leads the organization and is responsible for the investment management of UVIMCO’s $14bn portfolio. Prior to joining UVIMCO, Robert served as Senior Vice President and CIO at Texas Children’s Hospital in Houston. Robert received his bachelor’s degree in economics, magna cum laude, from Princeton University, and an MBA in finance and entrepreneurship, with honors, from the University of Chicago Booth School of Business.

About TIFF
TIFF is an asset management firm dedicated to delivering comprehensive outsourced CIO (OCIO) and private markets solutions primarily to endowments, foundations, and other charitable organizations. As of September 30, 2023, TIFF manages approximately $7 billion, including committed capital.

Contact: For media inquiries, please email: pro-tiff@prosek.com

The materials are being provided for informational purposes only and constitute neither an offer to sell nor a solicitation of an offer to buy securities. These materials also do not constitute investment, legal or tax advice. Opinions expressed herein are those of TIFF and are not a recommendation to buy or sell any securities.

TIFF Investment Management Appoints David Brenner as Chief Operating Officer

Radnor, PA – January 19, 2024 – TIFF Investment Management (“TIFF”), an institutional asset management firm delivering comprehensive outsourced CIO (OCIO) and private markets solutions primarily to endowments, foundations, and other charitable organizations, today announced the appointment of David Brenner as Chief Operating Officer. His hiring follows the recent retirement of Robert Zion. David will be responsible for strategy and operations at TIFF, with oversight of the finance, operations, information technology, legal, compliance, and human resources functions.

Prior to joining TIFF, David spent eight years at Macquarie Asset Management, most recently as Global Head of Digital, Data & Products, where he led all areas of Macquarie Asset Management through a data and digital transformation. Brenner also spent more than a decade at UBS Global Asset Management, where he served as Chief Operating Officer (Americas).

“I am honored to join TIFF Investment Management to build upon the stewardship of Robert Zion and the current team as they safeguard our 33-year legacy and adapt it to meet the most current needs of our clients,” said David. “I look forward to working closely with my teammates at TIFF in helping clients achieve their missions.”

In addition to David’s appointment, TIFF has promoted Zane Hamid, formerly Head of Operations, to Member Strategy Director, Head of Strategic Client Initiatives, a newly created role within TIFF’s client facing group. He will report to Jessica Portis, Head of Member Portfolio Management and Services. Zane, a 17-year veteran of TIFF, will continue to oversee the Member Services team and serve on the Business Management Committee.

Anuja Navaratna will assume Zane’s previous role as Head of Operations. Having joined TIFF in 2011, Anuja oversees investment operations, reporting & analytics, and data administration functions within the firm. Anuja will report to David Brenner.

“TIFF is grateful for the impact Robert Zion made on our employees and clients in his years of service as Chief Operating Officer. We wish Robert well in retirement,” said Kane Brenan, CEO of TIFF. “We are thrilled to welcome David and to recognize Zane and Anuja in their new roles, and we look forward to the opportunities that lie ahead to continue to provide our clients with industry leading solutions.”

About TIFF Investment Management
TIFF is an asset management firm dedicated to delivering comprehensive outsourced CIO (OCIO) and private markets solutions to primarily endowments, foundations, and other charitable organizations. Our primary objective is to enhance investment returns for our clients while also optimizing their costs and reducing their administrative burden.

For over 30 years, TIFF has strived to be the nonprofit community’s most trusted investment partner. We specialize in providing investment solutions that help our clients fulfill their mission and achieve their financial goals. We offer two primary solutions for our clients – comprehensive advisory solutions, and more specialized asset class specific solutions. As of June 30, 2023, TIFF manages approximately $8 billion, including committed capital, on behalf of our clients.

Contact: For media inquiries, please email: pro-tiff@prosek.com.

The materials are being provided for informational purposes only and constitute neither an offer to sell nor a solicitation of an offer to buy securities. These materials also do not constitute investment, legal or tax advice. Opinions expressed herein are those of TIFF and are not a recommendation to buy or sell any securities.

Zhe Shen, TIFF’s Managing Director of Diversifying Strategies, underscores the significance of manager selection within hedge funds. Additionally, Shen highlights the potential for specialist managers and public credit, particularly in the high-yield space, to perform well in 2024.

Read the full article here.

The materials are being provided for informational purposes only and constitute neither an offer to sell nor a solicitation of an offer to buy securities. These materials also do not constitute an offer or advertisement of TIFF’s investment advisory services or investment, legal or tax advice. Opinions expressed herein are those of TIFF and are not a recommendation to buy or sell any securities.

As we enter 2024, TIFF’s CEO Kane Brenan shares a 2023 year-end review and 2024 outlook. Kane writes about global challenges, highlights dynamic strategic developments at TIFF, and gives a firm update. To read TIFF’s Annual CEO Letter, please download the PDF.

The materials are being provided for informational purposes only and constitute neither an offer to sell nor a solicitation of an offer to buy securities. These materials also do not constitute investment, legal or tax advice. Opinions expressed herein are those of TIFF and are not a recommendation to buy or sell any securities.