Foundation and Endowment Investing: Philosophies and Strategies of Top Investors and Institutions

By Cathleen M. Rittereiser and Lawrence E. Kochard

Book Overview

In Foundation and Endowment Investing, authors Lawrence Kochard and Cathleen Rittereiser offer you a detailed look at this fascinating world and the strategies used to achieve success within it. Filled with in-depth insights and expert advice, this reliable resource profiles twelve of the most accomplished Chief Investment Officers within today's foundation and endowment community--chronicling their experiences, investment philosophies, and the challenges they face--and shares important lessons that can be used as you go about your own investment endeavors.

• Format: Hardcover
• Language: English
• ISBN: 0470122331
• ISBN13: 9780470122334
• Release Date: January 2008
• Publisher: Wiley
• Length: 320 Pages
• Weight: 1.14 lbs.
• Dimensions: 1.1" x 6.5" x 9.0"

Customer Reviews

This book is a must read for all institutional marketers.

This book is a must read for all institutional marketers. I learned something new on every page. It was of particular interest to me to learn about the early work experiences of the featured CIO's and how they made it to the top of their field. I found the book well written and easy to read. Well done.

Excellent profiles of top endowment/foundation Chief Investment Officers.

"Foundation and Endowment Investing" by Larry Kochard (himself a top Chief Investment Officer) and Cathleen Rittereiser is a very well written and valuable book. While providing an excellent general overview of how the investment landscape has changed for some of the most innovative investors today, I found the most interesting and valuable section to be the profiles of 12 of the top endowment and foundation CIOs. The authors obviously spent hours interviewing and gaining insights from these titans of the investing world, resulting in a very readable and valuable book.

Candid insider perspectives on inner world of endowments & foundations

Clearly Kochard and Rittereiser know how to ask CIOs important questions as they themselves are insiders in the foundation/endowment field. Their years of industry experience and network with these accomplished CIOs has made reading their book an eye-opening experience. The interviews are conducted with highest quality that are conducive to bringing out sharpest, practical and candid observations by these industry-recognized CIOs. I also think that the writing is sharp and clear-cut that help to drive home key takeaways for readers . Many investment professionals, whether or not working in the endowment/foundation field will benefit from reading the book to have a grasp of today's fast-changing and more complexed global investing. I do hope to see sequels from the two authors as they have proven to work together so well.

Important & Rare Examination of Endowment & Foundation Investing

Authors Larry Kochard and Cathleen Rittereiser have published an instructive and rare look behind the scenes of a collection of elite endowments and foundations. Their important text enhances and expands the good work of David Swensen in "Pioneering Portfolio Management" by revealing the thoughts and investment processes of a dozen accomplished Chief Investment Officers. "Foundation & Investment Investing" will be valuable for a broad universe of readers including CIOs, board members, investment staff professionals, portfolio managers and analysts, fund marketing professionals, business professors and their students, and individual investors. As foundation and endowment investment offices can be challenging to understand, I have bought additional copies for my colleagues in our equity hedge fund. I have also bought copies for a few individual investors who have asked for my guidance on managing their retirement portfolios in this increasingly volatile and complex investment environment. The final chapter observes that the CIOs interviewed are "all likable people". I agree, and enjoyed the sharp and candid insights of each of the CIOs. The interviews with Mark Yusko and Alice Handy were particularly enjoyable and instructive. As CIO of Georgetown University and investment management executive of Alternative Asset Managers, respectively, the authors' historical perspectives and informed commentary are interesting, and their organizations are lucky to have them. I hope Kochard and Rittereiser are interviewing another dozen CIOs for a sequel to this excellent and important investment management book!

Thorough and Informative

Starting with the thorough introduction, this book taught me volumes about foundation investing. I sit on a foundation board, and I feel much more comfortable with investment policy discussions now! I recommend this book and have loaned my copy out to our executive director.