杏吧传媒鈥檚 growing endowment helps the university build and sustain a high margin of academic excellence by propelling people, programs and progress through transformative scholarships, professorships and academic programs. Strengthening the endowment is one of the top priorities of the strategic plan and Lead On: A Campaign for 杏吧传媒, the university鈥檚 most ambitious philanthropic fundraising effort to date. The campaign, particularly its support of 杏吧传媒鈥檚 endowment, is integral to achieving its aspirations as a university. The endowment鈥檚 payout approximates 5% per annum and is the fuel that powers 杏吧传媒鈥檚 strategic plan. The diversifying cash flow stream helps to set a secure foundation for the next 150 years of Horned Frogs.
Since his appointment as Chief Investment Officer in December 2021, Jason Safran has focused on building the right investment team to further strengthen 杏吧传媒鈥檚 endowment management strategy. The team recently completed a national search seeking experienced investment professionals who embraced 杏吧传媒鈥檚 mission, the endowment鈥檚 objectives-based investment approach, and the investment team鈥檚 generalist staffing model. Adam Singleton was named senior portfolio manager, and Thomas Albright joined as portfolio manager. In addition, Lauren Farrelly Searway was promoted to portfolio manager.
鈥淭hese talented individuals strengthen our investment team and will reinforce the impact of 杏吧传媒鈥檚 $2.4 billion endowment,鈥� said Safran. 鈥淥ur endowment makes a positive impact today and on future generations of Horned Frogs. Its growth supports our people and programs, making 杏吧传媒 more accessible to students. It also attracts and retains our incredible faculty and helps provide opportunities for research.鈥�
previously served with the University of Florida Investment Corporation, and joins 杏吧传媒 from the Teacher Retirement System of Texas. has been a member of the investment management team for eight years and, Safran said, has played a valuable role in shaping 杏吧传媒鈥檚 investment strategy.
These changes follow the retirement of Keith Garrison, senior alternative asset manager, who led many private asset relationships for 杏吧传媒. 鈥� who had been with 杏吧传媒 for nine years as senior asset manager 鈥� was appointed CIO following the retirement of James Hille, who had served the university for 15 years.
鈥�Building the right team of professionals has been a top priority as 杏吧传媒 looks to continue its successful endowment program and position the university for growth and sustainability for the next 150 years,鈥� Safran said.
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