‘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
01/26/15 ‘At MLK event, Holy Cross student leaders are urged to listen, build bridges’
01/26/15 Holy Cross to Host Panel on Urban Education and Accountability
01/26/15 Black Student Union at Holy Cross to Mark Black History Month With Series of Events
01/23/15 Matheson Weighs Pros and Cons of Boston as 2024 Olympic Bid
See All
See All

Featured Videos

See video
Video, Photo Gallery: Christmastime at Holy Cross is a Sight to See

Watch Video >
See video
Video: What is CreateLab?

Watch Video >
See video
Student Video Profile: Oswaldo Subillaga ’16

Watch Video >
More

What’s Happening on Campus

01/26/2015

POSTPONED:Lecture Examines Role of Black Church as Training Ground for Activism

See More >
01/28/2015

Opening Reception for 'Pulse: New Work by Faculty Artists'

See More >
02/02/2015

Holy Cross to Host Panel on Urban Education and Accountability

See More >
02/03/2015

First Tuesday Lunch Concert

See More >
More

Holy Cross in the News

01/07/15

‘Rinklin alters perceptions in a new show at Zevitas Gallery’

Boston Globe | WBUR (Boston's NPR station)

Cristi Rinklin, associate professor and chair of the visual arts department  at the College of the Holy Cross, received a glowing review from the Boston Globe and WBUR for...

12/19/14

Kiplinger’s Ranks Holy Cross No. 27 ‘Best Value’ Liberal Arts College

Kiplinger’s Personal Finance magazine has ranked the College of the Holy Cross No. 27 among all liberal arts colleges and No. 45 overall among all colleges in the country...

12/17/14

‘Pakistan School Attack: The Symbolism Is Unmistakable’

In his debut piece for WBUR’s Cognoscenti, Mathew Schmalz, associate professor of religious studies at the College of the Holy Cross, writes about the symbolism in the...