‘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.

Sort By:
or
04/22/15 Working for Worcester to Improve Recreational Spaces Across the City
04/22/15 ‘Using Wikipedia: a scholar redraws academic lines by including it in his syllabus’
04/22/15 ‘Two Members of College Community featured on National Catholic Website’
04/21/15 Wall Street Journal Columnist Jason Riley to Give Talk on Race Relations and Law Enforcement
See All
See All

Featured Videos

See video
Video: Students Celebrate Purple Pride Day

Watch Video >
See video
Video: Alumni Couples Share Their Tales of Love

Watch Video >
See video
Holy Cross Launches Groundbreaking Web Resource for Exploring Catholic Practice Around the World

Watch Video >
More

What’s Happening on Campus

04/27/2015

'Trans/Japan: Discourses on transsexuality, disability, and sexuality in contemporary Japan.'

See More >
04/29/2015

Artists-In-Residence Concert

See More >
More

Holy Cross in the News

04/22/15

‘Two Members of College Community featured on National Catholic Website’

Crux

Two members of College of the Holy Cross community were recently featured on Crux, the Boston Globe’s national website on Catholicism. Mathew N. Schmalz, associate...

04/15/15

Holy Cross Community Members Prepare for the Boston Marathon

As participants finish their final week of training and Boston readies itself for thousands of spectators, College of the Holy Cross community members are preparing...

03/19/15

‘The 50 Best Private Colleges for Earning Your Degree On Time’

Money

According to Money, a subsidiary of TIME.com, the College of the Holy Cross ranks No. 12 in the top 50 best private colleges for earning your degree on time and No. 101 for...