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TIFF Named Finalist for 2023 CIO Industry Innovation Awards

TIFF was named as a finalist for the 2023 Chief Investment Officer (CIO) Industry Innovation Awards in the OCIO category.

Since 2010, Chief Investment Officer, an ISS Media brand, has been recognizing institutional asset owners and the asset managers and consultants who serve them with its annual Industry Innovation Awards.

Nominations are called for in September and finalists, selected by CIO’s editorial staff, are announced in October. All finalists fill out an application for the awards. There is no fee to participate.

For asset owners, winners are selected by a panel of industry judges and CIO editorial staff. Winners are announced at the annual Industry Innovation Awards Dinner in New York City in December.

Jim Russo, CFA Appointed Director, Member Strategy Group

TIFF Investment Management Appoints Jim Russo, CFA as a Director in the Member Strategy Group

Former Crewcial Partners executive joins TIFF to lend expertise to nonprofit clients

Radnor, PA — October 16, 2023 — TIFF Investment Management (“TIFF”), an asset management firm dedicated to delivering comprehensive outsourced CIO (OCIO) and private equity investment solutions primarily to endowments, foundations, and other charitable organizations, today announced that Jim Russo, CFA has joined the firm as a Director in its Member Strategy Group. Mr. Russo, with 35 years of asset management experience, will be responsible for managing member relationships and identifying custom asset allocation strategies best suited to each member’s needs.

Before joining TIFF, Mr. Russo was a senior investment consultant at Crewcial Partners, where he performed asset allocation modeling, manager due diligence, and spending policy analysis, as well as managing relationships with a wide range of nonprofit clients. Prior to his 15 years at Crewcial, Mr. Russo was Senior Portfolio Manager for Alliance Growth Equity at AllianceBernstein and in portfolio management and due diligence leadership roles at J.P. Morgan’s Private Bank and Asset Management businesses.

“A key part of TIFF’s mission is to develop targeted strategies that further the investment and mission objectives of members,” said Mr. Russo. “I am thrilled to join a team of dedicated professionals and look forward to partnering with TIFF’s members in pursuit of financial and organizational success.”

“In today’s market environment, the value of customized advice and investment services cannot be emphasized enough,” said Jessica Portis, Head of Member Portfolio Management and Services at TIFF. “Jim brings invaluable institutional experience in nonprofit client service to the Member Strategy Group, and we look forward to introducing him to our members.”

“We understand that our members expect strong investment results and equally strong service,” said Kane Brenan, CEO of TIFF. “Jim’s background in serving nonprofit institutions and his investment expertise bring incredible depth to TIFF’s Member Strategy Group and further reaffirms our commitment to providing first class advice and service to our members.”

About TIFF Investment Management
TIFF is an asset management firm dedicated to delivering comprehensive outsourced CIO (OCIO) and private equity investment solutions to primarily endowments, foundations, and other charitable organizations. Our primary objective is to enhance investment returns for our members (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 members fulfill their mission and achieve their financial goals. We offer two primary solutions for our members – 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 members.

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

Small Endowments to Outperform Large Peers in FY23, Consultants Say

Kane Brenan, CEO of TIFF Investment Management, emphasizes the ongoing debate surrounding the performance of private equity strategies, suggesting that some investors are questioning whether the glory days of private equity are a thing of the past. Brenan underscores the importance of institutions selecting the right managers and hints that underwhelming results may prompt endowments to re-evaluate to find the most qualified managers.

Read the full article here.

Press Release: TIFF Investment Management Completes Conversion to an Employee-Owned Public Benefit Company

Newest chapter for OCIO firm enhances its ability to serve clients and further align with their
mission 
 

Radnor, PA — September 29, 2023TIFF Investment Management (“TIFF”), an institutional asset management firm delivering comprehensive outsourced CIO (OCIO) and private equity investment solutions primarily to endowments, foundations, and other charitable organizations, announced today the completion of the firm’s conversion from a non-stock corporation to an employee-owned public benefit limited liability company. 

TIFF’s legacy of partnering with nonprofits to help them achieve their investment and mission-oriented goals lies at the heart of the decision to undergo this reorganization. TIFF’s new structure strengthens its competitive position by giving employees the opportunity to invest in equity in the firm, putting TIFF on equal footing with industry peers. This helps TIFF to retain, attract, and further incentivize top talent, reinforcing its commitment to clients, their missions, and the broader nonprofit community through ensuring the firm’s continued ability to deliver results for its clients.  

“Throughout TIFF’s history, we have forged strong bonds with our clients and our employees. TIFF’s new structure reflects our commitment to being an attractive place for top industry talent, whose mission-aligned objectives support those of our clients,” said Kane Brenan, CEO of TIFF. “With equity participation, we better align TIFF employees with our clients’ long-term investment horizon. The reorganization also strengthens our charitable focus in several ways: earmarking funds for educational opportunities; providing for fee breaks for active clients, enhancing their retained investment gains; and creating a mechanism for improved charitable giving.” 

Due to the reorganization, there will be changes to TIFF’s Board of Directors. The current Board of Directors, comprised of CIOs and executives from globally renowned nonprofit institutions, will transition to an advisory board primarily focused on investment strategy and nonprofit best practices. TIFF’s current senior leadership team will comprise the new governing Board of Directors, while continuing their current roles overseeing day-to-day management of the organization. There are no other changes to the TIFF team, investment approach, operations, or portfolio managers. 

“It has been an honor to serve as the Chair of the Board during this pivotal moment in TIFF’s thirty-year history.  On behalf of the Board, I would like to congratulate TIFF and the senior leadership team for their successful conversion to becoming an employee-owned company,” said Robert Durden, TAS Board Chair, and CEO and CIO of the University of Virginia Investment Management Company (UVIMCO). “The Board expresses our gratitude to the management team’s leadership and their investment in the firm to ensure that TIFF is positioned for continued success. We are thrilled with the senior team investing into the company, and that their investments will largely go to charitable giving, fee breaks, and enhanced client education.” 

About TIFF
TIFF is an asset management firm dedicated to delivering comprehensive outsourced CIO (OCIO) and private equity investment solutions to primarily endowments, foundations, and other charitable organizations. Our primary objective is to enhance investment returns for our members (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 members fulfill their mission and achieve their financial goals. We offer two primary solutions for our members – 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 members. 

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

Demand growing, but searching and hiring not necessarily easier

Kane Brenan, CEO of TIFF Investment Management, believes that the search activity for OCIOs has increased, and agrees with the notion that the hiring process has become easier with the assistance of third-party search consultants who streamline the evaluation and selection process for organizations seeking OCIO partners by providing clarity on investment approach, historical results, and fee transparency.

Read the full article: Demand growing, but searching and hiring not necessarily easier