Exploring the Role of the Endowment within the Parent Institution's Overall Financial Risk Management Strategy - Presentation: James T. McGill, Johns Hopkins University - North American Investors Summit
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Exploring the Role of the Endowment within the Parent Institution's Overall Financial Risk Management Strategy - Presentation: James T. McGill, Johns Hopkins University - North American Investors Summit

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For more information contact: emailus@marcusevans.com ...

For more information contact: emailus@marcusevans.com

James T. McGill who is the Senior VP for Finance and Administration form Johns Hopkins University delivered his presentation entitled "Exploring the Role of the Endowment within the Parent Institution's Overall Financial Risk Management Strategy"

Join the 2014 North American Summit along with 60 CIO’s and top decision makers from North America’s largest corporate and public pension funds as well as foundations, endowments and those offering the latest investment strategies on the marketing.

For more information contact: emailus@marcusevans.com

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  • 1. J Jim McGillSenior VP for Finance and Administration Johns Hopkins University (retired) 1
  • 2. Governing Board Investment Finance Committee Committee C i SVP/EVP/CFOFaculty Donors CIO Stude ts Students Development Staff 2
  • 3. 3
  • 4. 1. Comparative Economics C i E i2. Control • Fiduciary responsibility • Division of responsibility between i tit ti b t institution and d investment manager 4
  • 5. 1. Investment Committee • Size • Composition2. Relative roles of CIO and Committee C itt • Asset allocation • Benchmark selection • Manager selection • Performance reporting • St ffi Staffing d i i decisions 5
  • 6. 6
  • 7. 1. Make money with controlled risk2. Other duties Oh d i • Serve mission and objectives of organization • Understand , acknowledge, participate in broad, strategic, financial matters of parent • Always appreciate the primary interests of parent 7
  • 8. 8
  • 9. 1. q y Institutional liquidity • Not just endowment investment risk, but need for institutional liquidity • Endowment payouts, i tit ti E d t t institutionall dependence on capital markets (e.g., variable rate debt)capital calls2. Reputational risks 9
  • 10. 1. Relate to faculty, students and donors • Some faculty with professional investment interests; f l h f l others in monitoring administration • Some student directed investments 2. Positional politics, e.g., apartheid, Darfur, sweat shops, etc., etc. 3. 3 Serve on institutional committees – risk management, capital planning, benefits, etc. 4. Broader community service • Philanthropic entities – boards, investment committees • Institutional professional groups, e.g., NACUBO 10
  • 11. 11