‘Colleges See Rebound in Endowments’

Worcester Business Journal
May 13th, 2014 by 

In a recent article in Worcester Business Journal, the College of the Holy Cross was among the colleges spotlighted for a discussion on the current state of their endowments. Chief investment officer at the College, Tim Jarry ’00, spoke to WBJ about how Holy Cross is dealing with the aftereffects of the recent recession.  While Holy Cross, among other institutions like Worcester Polytechnic Institute, has not fully bounced back to pre-recession levels, strategic changes have been made to streamline the management of the endowment.

“When Jarry took over in 2011, the school’s endowment funds spread across 60 different managers, with some controlling a minuscule amount of money,” reporter Michael Novinson writes. “Now Holy Cross utilizes 35 managers—well below the peer institution average of 50.8, according to NACUBO. Its top five managers control 40 percent of the endowment. Holy Cross also began managing up to 10 percent of its endowment internally through the use of exchange-traded funds (ETFs), a passive strategy that tracks and replicates a portion of the market. ETFs provide the school with low-cost exposure to different segments.”

Read the entire Worcester Business Journal article

This “Holy Cross in the News” item is by Evangelia Stefanakos ’14.

For additional information, please contact Cristal Steuer at 508-793-2419.

| More
Tags
Categories
In The News, News

Comments are closed.

12/07/16 Holy Cross President Joins College, University Leaders in Signing Letters in Support of Undocumented Students
12/06/16 Photos: Students Showcase Their Study Abroad Experiences in Sixth Annual Photo Contest
12/06/16 Holy Cross Ranks First in Long-Term Study Abroad Participation
12/05/16 Holy Cross Senior Awarded Prestigious Marshall Scholarship
See All
See All
Featured Videos

See video
Video: Holy Cross Students are ‘More Engaged’

Watch Video >
See video
Video: Take a Look at Campus Life After the Sun Sets

Watch Video >
See video
Photo Gallery, Video: Class of 2020 Receives A Holy Cross Welcome on Move-In Day

Watch Video >
See video
VIDEO: Stephen Colbert Talks Holy Cross in Web Exclusive

Watch Video >
See video
Video: Total Giving to Holy Cross Breaks Record With $46.7 Million Raised

Watch Video >
See video
Video: Spring Blooms on Holy Cross Campus

Watch Video >
See video
Video: Class of 2016 Shares What’s Next

Watch Video >
See video
‘Major in Anything…Succeed in Business’

Watch Video >
See video
Photo Gallery, Video: Obama Advisor Broderick Johnson ’78 Speaks on ‘My Brother’s Keeper,’ Other White House Initiatives

Watch Video >
See video
Crusaders Win Patriot League Championship

Watch Video >
More
What's Happening on Campus

Random Acts of CABness
12/7/2016

See More >

Woven Power: Ritual Textiles of Sarawak and West Kalimantan
12/7/2016
O'Kane Hall Cantor Art Gallery
"Pua kumbu" are magnificent, intricately dyed, hand-loomed cotton ikat textiles once woven as religious... See More >

Athletics
12/7/2016

See More >

Habitat for Humanity Gingerbread House Sign Ups
12/7/2016
Henry M. Hogan Campus Center Lobby Table 1
Come to Hogan 3 to support Habitat for Humanity's fundraising efforts. Committee members will be at selling... See More >

More Holy Cross in the News

12/02/16

Video: Holy Cross Community Recognizes Importance of Diversity During Unity Week

Worcester News Tonight

On “Worcester News Tonight,” broadcasted on Charter Channel 3, several student leaders at the College of the Holy Cross provided insight on the importance of the...

11/28/16

Lt. John Vincent Power ’37 Memorial Statue Rededicated and Restored

Telegram & Gazette

In honor of Veteran’s Day, the city of Worcester rededicated and restored the John Vincent Power Memorial—a bronze statue in honor of the late Lt. John Vincent Power—to...

11/23/16

Holy Cross Alumnus Receives Worcester’s Isaiah Thomas Award

Telegram & Gazette

Frederick Eppinger ’81 and his wife, Patty recently received the Isaiah Thomas Award during an awards ceremony at Mechanics Hall for their “transformative impact on...