Information Session: CWRU, Office of Investments | Weatherhead

Information Session: CWRU, Office of Investments

PBL 258

Meet Sally Staley, Chief Investment Officer for Case Western Reserve University,  Office of Investments department. Sally will be discussing the Endowment Internship opportunity on Wednesday, October 21, 2009 form 11:50a-12:40p in PBL 258

Reserve your seat in CareerLink:

The Weatherhead Endowment Intern will be a member of the investment staff responsible for assisting the Director of Risk Management, Director of Marketable Investments and Director of Private Investments with all functions pertaining to the oversight of $1.8 billion of investments held by the CWRU endowment in marketable and alternative asset classes. Marketable assets include equity, cash, and fixed income investments and are approximately 50% of the total endowment. The alternative assets are mostly in the form of commingled funds and limited partnerships holding private real estate, timberland, commodities, private equity, venture capital, and hedge funds. The endowment is managed by five investment professionals reporting to the Chief Investment Officer. The group's objective is to create high and consistent risk-adjusted investment returns that outperform benchmarks and peers by building and maintaining a well-diversified portfolio.

The internship will be a one-year position for a finance student that begins with part-time employment in the spring semester of the student's first year MBA studies, expands to full-time during the summer break, and finishes with part-time during fall semester of the student's second year. This position will not lead to permanent employment after graduation.

  •   Monitor portfolio reports and financial statements from current fund managers
  •   Learn use of software analytical tools such as PerTrac, Reuters StockVal, and Bloomberg. Update manager databases with financial data such as portfolio values,  monthly performance, company valuations, and tax information. Prepare analytical reports.
  •   Monitor investment proposals and investment manager marketing packages; flag suitable products and managers for follow-up
  •   Participate in investment manager marketing presentations and review meetings; assist with due diligence on existing and prospective managers
  •   Participate in staff portfolio review meetings
  •   Monitor and share general economic, political, and investment trends
  •   Assist with research and analysis supporting recommendations for new investment policies and changes to existing policies.
  •   Assist with preparation of materials for Investment Committee meetings
  •   Assist as needed with the ongoing work of the Investment Office.


  Office of Investments

Ongoing contact with CIO and all staff members for discussions that may cover market conditions, performance results and attribution, risk management, manager analysis and oversight, capital commitments, cash flow analysis, and other topics

  Elsewhere within the University

No significant contact


External to the University

May participate in campus meetings with existing and potential General Partners and Investment Advisors in all asset classes; cover topics such as investment capabilities, investment results and firm organizational developments



  Previous Experience: Two years of related work experience in an investment management, plan sponsor, or financial market setting

  Post-Weatherhead Career Goal: A position in investment industry

  Education: Undergraduate degree required, preferably in economics, accounting or finance; one semester of full-time Weatherhead MBA program completed with intended major in finance

  Essential Skills:

i. Understanding of capital markets and investment concepts

ii. Strong computer and analytical skills, including knowledge of databases such as Microsoft Access

iii. Excellent written and verbal communication skills; fluency in spoken and written English, especially financial market and investment terminology

  Desirable Skills:

i. Working knowledge of private capital, hedge funds, and/or real asset investments

From Last Week's Case Daily:

"President Barbara R. Snyder announced today (10-15-09) that Case Western Reserve University completed the 2009 fiscal year with an operating surplus of $1.34 million—a $1.2 million increase over the $127,000 surplus in fiscal year 2008.

This marks the second consecutive year Case Western Reserve has finished with a balanced budget.

"Case Western Reserve University's continuing financial stability is a testament to the talent and dedication of our campus community, alumni and friends," President Snyder said. "I am grateful to everyone on our campus, and to all of those beyond it who supported our efforts this year."

Senior Vice President and Chief Financial Officer John Sideras attributed the growing surplus to a continued conservative approach to spending, increasing research activity, and improved philanthropy.

The university set a new record for its second-highest fundraising year in history in 2008-2009. Philanthropy totaled $108.7 million, an increase of 5.2 percent over the previous year.

"We have been humbled by the generosity of our supporters, especially given the economic climate," Snyder said. "Their gifts underscore their belief in the work of our university, and its even greater potential."

In addition, Case Western Reserve's endowment performance exceeded those of its benchmark institutions, many of which saw losses exceeding 20 or even 25 percent. As of June 30, the university's combined total endowment declined 19 percent, finishing at $1.4 billion. Last month the university was named Large Endowment of the Year at Foundation & Endowment Money Management's 9th Annual Nonprofit Awards for Excellence ceremony.

In 2009-2010, the university will work to advance its strategic plan, Forward Thinking. As part of those efforts, the university will make investments in interdisciplinary initiatives identified as plan priorities. Provost and Executive Vice President W.A. "Bud" Baeslack is leading implementation of the plan, including this internal competitive grant process.

Case Western Reserve continues ahead of its five-year financial recovery plan that called for a balanced budget by 2011.

2009 Statement of Activities:

  • 2009 Total Operating Revenue: $881,757,000
  • 2009 Total Operating Expenses: $880,410, 000"

Contact Information:
Weatherhead Career Development Center

Wednesday, Oct. 21, 2009 from 11:50 a.m. to 12:40 p.m.
Peter B. Lewis Building
11119 Bellflower Road
Cleveland, OH 44106-7235
United States
Speaker(s): Sally Staley, Chief Investment Officer
Sponsored by: Weatherhead Career Development Center


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