What is Bucknell's approach to endowment management?
Following a comprehensive review process, Bucknell has constructed an endowment management model that utilizes high-quality internal and external resources. These resources include our strategic adviser, Commonfund, and other best-of-breed investment firms with specialty expertise, as well as the investment acumen and full-time dedication of Bucknell's Investment Office staff and the experience of Bucknell's Investment Committee of the Board of Trustees. Multiple groups provide diversity of thought and idea generation on behalf of the University's endowment fund. This model meets Bucknell's unique needs and delivers extensive resources for a reasonable cost.
What is the goal of this management structure, and what are its key benefits?
The goal is to provide the University's endowed funds with the resources necessary to earn attractive long-term returns that meet the objectives of the University and its endowed funds.
Within this management structure, several high-quality internal and external groups will bring their best investment ideas to the University. Bucknell represents a key relationship for Commonfund, and their senior investment team works collaboratively with the Bucknell Investment Office and the Investment Committee in a joint effort to achieve our goals.
Who is Commonfund?
Commonfund was founded in 1971 with a grant from the Ford Foundation specifically to support endowments and foundations in the management of their investment assets. The firm has continued to enhance its capabilities over the past five decades and today brings rich experience and knowledge of the priorities and drivers of risks for universities. Commonfund's staff includes approximately 60 investment professionals focused on equity, fixed income, hedge funds, private capital, risk management and asset allocation. The firm has offices in New York City, Connecticut, San Francisco, Beijing, and London.
Commonfund is the only global investment management franchise to include, as part of its shared corporate mission, the education of its clients and peers in all aspects of institutional investing. The firm invests a portion of revenue annually in proprietary research, publications, and seminars to promote, develop and share best practices