Barnard College is pleased to announce its appointment of Strategic Investment Group, in Arlington, VA, as the new Outsourced Chief Investment Office (OCIO), effective at the end of September 2017.
Barnard's endowment supports student financial aid, faculty chairs, and other academic initiatives. Since 2006, Investure LLC in Charlottesville, VA, has successfully managed Barnard's endowment within a consortium.
The Board of Trustees decided to make a change for several reasons, including the desire for investment options that would facilitate the implementation of Barnard's Divest Policy.
Over the past 9 months, the Investment Committee of Barnard's Board of Trustees undertook a rigorous review of OCIO candidates. Strategic has a proven track record of managing endowments and has achieved strong returns. The firm has the desired ability to tailor investments to meet Barnard's specific needs.
We look forward to a long and profitable relationship with Strategic and thank Investure for its strong relationship with Barnard College.