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Investment Management Overview. Volunteer Investment Policy Committee provides fiduciary oversight and determines investment policy. Chief Investment Officer (CIO) is responsible for manager and security selection decisions. CIO addition is common amo
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1. University of Colorado FoundationInvestment Update Michael M. Byram – President and CEO
Christopher L. Bittman - Chief Investment Officer
June 29, 2005
3. Chief Investment Officer added – Aug. ‘04 Investment Background:
Christopher L. “Chris” Bittman.
Retired President/CEO of Jurika & Voyles Investment Management.
Responsible for over $5 billion in assets for Fortune 500 corporations, foundations/endowments and individuals.
Former Regional Manager – Merrill Lynch.
Certified Investment Management Analyst.
CU Experience:
1985 graduate – Univ. of Colorado at Boulder.
CU-Boulder Alumni Association Director - 1988-1995.
President of the Alumni Association – 1993-1994.
Foundation Director – 1994-2004.
Foundation Investment Committee – 1997-2004.
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Equities (50-60%) 53%
Domestic 36
International 17
Alternatives (20-40%) 36%
Venture Capital 1
Private Equity 11
Real Estate 2
Hedge Funds 5
Absolute Return 15
Oil and Gas 2
Fixed Inc. & Cash (10-20%) 11%
Total 100%
Long Term Investment Pool (LTIP) Asset Allocation as of March 31, 2005
8. Conclusions Maintain consistently high level of financial support for the University.
Protect and safeguard the endowment asset base.
Commitment by CU Foundation board to have one of the best managed endowment investment funds in the country.