Author: Amy Paterson

Jay Willoughby, CFA, CIO of TIFF Investment Management, was featured in FIN News sharing how private equity and hedge funds may help endowment portfolios under fiscal pressure, including tax burdens and federal funding cuts.

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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.

These materials may contain forward-looking statements relating to future events. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “expect,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” or “continue,” the negative of such terms or other comparable terminology. Although TIFF believes the expectations reflected in the forward-looking statements are reasonable, future results cannot be guaranteed.

Anne Duggan, CAIA, Managing Director, Client CIO Group at TIFF Investment Management, spoke with reporter Sabiq Shahidullah from FundFire on how large private university endowments are rethinking their investment strategies in response to recent changes to the federal excise tax on endowments. From tax-loss harvesting to rebalancing away from high-turnover strategies, Duggan outlines how even modest tax changes could prompt meaningful portfolio adjustments.

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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.

These materials may contain forward-looking statements relating to future events. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “expect,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” or “continue,” the negative of such terms or other comparable terminology. Although TIFF believes the expectations reflected in the forward-looking statements are reasonable, future results cannot be guaranteed.

David Brenner, COO at TIFF Investment Management, is featured on Capital Allocators’ Investment Management Operations podcast with host, Scott MacDonald.

The conversation explores:

• David’s career journey from consulting to asset management to ultimately becoming COO at TIFF.
• The transformation of TIFF from a product-centric to a solution-oriented investment firm (TIFF 1.0 to 2.0), while staying true to its mission-driven identity.
• TIFF’s evolving board governance model, with the board serving as an active strategic partner in the firm’s transformation.
• The importance of building strong, and scalable, operational foundations, especially in smaller organizations.
• How data is elevated as a strategic pillar alongside people, process, and technology.
• The role and integration of AI and automation in improving efficiency and decision-making.
• How technology is reshaping how TIFF processes, accesses, and interacts with investment manager information.
• How TIFF is responding to industry trends and client expectations.

Listen on Spotify →

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Investment Management Operations of Capital Allocators is a podcast hosted by Scott MacDonald that dives into the operational side of the investment industry. Each episode features conversations with senior professionals across operations, compliance, legal, finance, and other non-investment roles—offering insight into how leading investment institutions are run behind the scenes. Website →

Past performance is no guarantee of future results and the opinions presented cannot be viewed as an indicator of future performance. There is no guarantee that any particular asset allocation or mix of strategies will meet your investment objectives.

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.

These materials may contain forward-looking statements relating to future events. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “expect,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” or “continue,” the negative of such terms or other comparable terminology. Although TIFF believes the expectations reflected in the forward-looking statements are reasonable, future results cannot be guaranteed.

Anne Duggan, Managing Director, Client CIO Group at TIFF Investment Management, spoke with reporter Rod James at The Wall Street Journal about how scaled-back endowment taxes in the new legislation may prevent major shifts in university investment strategies. She noted that in response, some endowments might turn to tax-loss harvesting to manage the new burden effectively.

Read the full article

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.

These materials may contain forward-looking statements relating to future events. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “expect,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” or “continue,” the negative of such terms or other comparable terminology. Although TIFF believes the expectations reflected in the forward-looking statements are reasonable, future results cannot be guaranteed.