Category: Press

TIFF CEO, Kane Brenan and TIFF’s Head of Member Portfolio Services, Jessica Portis, CFA, are featured in today’s Institutional Investor as they discuss the results of TIFF Investment Management’s recent nonprofit member survey. Among many important results, TIFF’s survey found that most endowments and foundations believe that a traditional portfolio of stocks and bonds will not meet their return requirements. In the article, TIFF addresses how the firm is overcoming those return concerns through allocation and active management.

Institutional Investor Article: Traditional Portfolios Won’t Cut It Anymore, Endowments and Foundations Say

TIFF Managing Director Brendon Parry discusses with Preeti Singh at The Wall Street Journal how some private equity general partners and institutional investors are expected to shrink from backing smaller companies after the pandemic.

TIFF Investment Management’s Parry Weighs In on Lower Midmarket Investing

TIFF Investment Management (Radnor, PA) welcomes Deborah D. Boedicker, CFA and Mai-Anh Fox, CFA to its management and mutual fund Boards.

Deborah D. Boedicker, former managing director and board member at Strategic Investment Group, has joined the TIFF Advisory Services Board. Prior to her tenure at Strategic Investment Group, Ms. Boedicker was managing director at UBS Global Asset Management (formerly Brinson Partners) and director/portfolio manager at Analytic/TSA Global Asset Management. Ms. Boedicker’s role also will include governance oversight of TIFF as a nonprofit organization.

Mai-Anh Fox, Chief Financial Officer at the Ford Foundation, has been elected by shareholders to the TIFF Mutual Fund Board. She previously served as a director at the Alliance for Downtown New York, where she managed a loan and grant portfolio program to help small businesses in Lower Manhattan recover following 9/11.

Both Ms. Boedicker and Ms. Fox bring expertise to support TIFF’s mission and provide insight into asset allocation, portfolio construction, governance, and the selection of investment managers. For nearly 30 years TIFF’s Boards have included many of the nonprofit industry’s most prominent CEOs, CIOs and other financial executives, and with these additions the Boards now comprise 35% female representation.

For more information on TIFF’s Board, visit: TIFF Board of Directors.

About TIFF Investment Management

TIFF is a mission-driven, not-for-profit organization dedicated to delivering comprehensive investment solutions to foundations, endowments, and other charitable institutions. Since its inception in 1991, TIFF has exclusively served the nonprofit community by providing experienced manager selection and access, risk-sensitive asset allocation, and integrated member service to institutions with long-term investment horizons.

www.tiff.org

For media inquiries, please contact pro-tiff@prosek.com

TIFF Investment Management Appoints Robert Durden and Katie Koch to its Board of Directors

October 16, 2020

TIFF Investment Management (Radnor, PA) has appointed Robert Durden (UVIMCO) and Katie Koch (GSAM) to its Board of Directors.

TIFF Investment Management has welcomed two new members to its Board of Directors—Robert Durden, Chief Executive Officer and Chief Investment Officer of University of Virginia’s Investment Company (UVIMCO), and Kathryn (Katie) Koch, Co-Head of Fundamental Equity at Goldman Sachs Asset Management (GSAM). Robert and Kathryn join a reputable Board that has included and currently includes some of the most prominent CIOs, CEOs and other leaders in the nonprofit investment industry.

Their expertise will support TIFF’s asset allocation and portfolio construction, and bolster access to their network of investment managers and general market and investing insights. The deeply-experienced and highly-regarded board also provides governance oversight to TIFF as a nonprofit organization.

Robert manages UVIMCO’s Long-Term Pool, overseeing the asset allocation, portfolio management, risk management, and manager selection activities of the institution’s investment staff. Katie leads the GSAM team that manages a broad range of equity solutions on behalf of global institutional and individual clients and is a champion of Goldman Sachs’ diversity initiatives, including leading an investment team where approximately half the assets are managed by female portfolio managers. Both bring 38 collective years of institutional investing experience to TIFF’s prestigious board.

For more information on TIFF’s Board, visit: TIFF Board of Directors

About TIFF Investment Management
TIFF is a mission-driven, not-for-profit organization dedicated to delivering comprehensive investment solutions to foundations, endowments, and other charitable institutions. Since its inception in 1991, TIFF has exclusively served the non-profit community by providing experienced manager selection and access, risk-sensitive asset allocation, and integrated member service to institutions with long-term investment horizons.
www.tiff.org

For media inquiries, please contact Samantha Norquist snorquist@prosek.com.

This article appeared in Institutional Investor on June 10, 2020
Written by Alicia McElhaney

Kane Brenan joined TIFF in April, just as Pennsylvania’s coronavirus cases peaked. He talked with Institutional Investor about how he started a new job, completely online.

When Kane Brenan was hired as TIFF Investment Management’s new president, he made a plan.

He was going to spend his first week at TIFF’s Radnor, Pennsylvania office, getting to know his new colleagues. Then, he’d hit the road, spending the next month meeting with TIFF’s nonprofit clients across the country.

“One, it gives you fodder to make changes,” Brenan said on his plan to meet with clients. “But also, you are kind of a blank slate. You can go and listen and learn.”

The Covid-19 pandemic, though, derailed that plan. Brenan’s first day at the firm was April 13, just days after Pennsylvania’s new coronavirus cases peaked. All travel was put on hold, and Brenan’s first day was conducted from his family’s home.

“It’s actually gone much better than I feared in mid-March,” Brenan said by phone Monday. “I couldn’t imagine not being in the office.”

Brenan, who previously led Goldman’s global portfolio solutions group, left the firm in the fall of 2019 to return to the Philadelphia area, where his family lives. At the same time, TIFF began its search for a new president, according to TIFF’s April announcement, which noted that “the stars aligned” so that TIFF was able to hire Brenan.

According to Brenan, working for a nonprofit that also serves as an investment manager for consultants is exciting to him.

“At my age and experience, to try something that rhymes with what I’ve done but has a different bent is really cool,” he said.

When Kane Brenan was hired as TIFF Investment Management’s new president, he made a plan.

He was going to spend his first week at TIFF’s Radnor, Pennsylvania office, getting to know his new colleagues. Then, he’d hit the road, spending the next month meeting with TIFF’s nonprofit clients across the country.

“One, it gives you fodder to make changes,” Brenan said on his plan to meet with clients. “But also, you are kind of a blank slate. You can go and listen and learn.”

The Covid-19 pandemic, though, derailed that plan. Brenan’s first day at the firm was April 13, just days after Pennsylvania’s new coronavirus cases peaked. All travel was put on hold, and Brenan’s first day was conducted from his family’s home.

“It’s actually gone much better than I feared in mid-March,” Brenan said by phone Monday. “I couldn’t imagine not being in the office.”

Brenan, who previously led Goldman’s global portfolio solutions group, left the firm in the fall of 2019 to return to the Philadelphia area, where his family lives. At the same time, TIFF began its search for a new president, according to TIFF’s April announcement, which noted that “the stars aligned” so that TIFF was able to hire Brenan.

According to Brenan, working for a nonprofit that also serves as an investment manager for consultants is exciting to him.

“At my age and experience, to try something that rhymes with what I’ve done but has a different bent is really cool,” he said.