Category: Press

TIFF Investment Management (Radnor, PA) welcomes Deborah D. Boedicker, CFA and Mai-Anh Fox, CFA to its management and mutual fund Boards.

Deborah D. Boedicker, former managing director and board member at Strategic Investment Group, has joined the TIFF Advisory Services Board. Prior to her tenure at Strategic Investment Group, Ms. Boedicker was managing director at UBS Global Asset Management (formerly Brinson Partners) and director/portfolio manager at Analytic/TSA Global Asset Management. Ms. Boedicker’s role also will include governance oversight of TIFF as a nonprofit organization.

Mai-Anh Fox, Chief Financial Officer at the Ford Foundation, has been elected by shareholders to the TIFF Mutual Fund Board. She previously served as a director at the Alliance for Downtown New York, where she managed a loan and grant portfolio program to help small businesses in Lower Manhattan recover following 9/11.

Both Ms. Boedicker and Ms. Fox bring expertise to support TIFF’s mission and provide insight into asset allocation, portfolio construction, governance, and the selection of investment managers. For nearly 30 years TIFF’s Boards have included many of the nonprofit industry’s most prominent CEOs, CIOs and other financial executives, and with these additions the Boards now comprise 35% female representation.

For more information on TIFF’s Board, visit: TIFF Board of Directors.

About TIFF Investment Management

TIFF is a mission-driven, not-for-profit organization dedicated to delivering comprehensive investment solutions to foundations, endowments, and other charitable institutions. Since its inception in 1991, TIFF has exclusively served the nonprofit community by providing experienced manager selection and access, risk-sensitive asset allocation, and integrated member service to institutions with long-term investment horizons.

www.tiff.org

For media inquiries, please contact pro-tiff@prosek.com

TIFF Investment Management Appoints Robert Durden and Katie Koch to its Board of Directors

October 16, 2020

TIFF Investment Management (Radnor, PA) has appointed Robert Durden (UVIMCO) and Katie Koch (GSAM) to its Board of Directors.

TIFF Investment Management has welcomed two new members to its Board of Directors—Robert Durden, Chief Executive Officer and Chief Investment Officer of University of Virginia’s Investment Company (UVIMCO), and Kathryn (Katie) Koch, Co-Head of Fundamental Equity at Goldman Sachs Asset Management (GSAM). Robert and Kathryn join a reputable Board that has included and currently includes some of the most prominent CIOs, CEOs and other leaders in the nonprofit investment industry.

Their expertise will support TIFF’s asset allocation and portfolio construction, and bolster access to their network of investment managers and general market and investing insights. The deeply-experienced and highly-regarded board also provides governance oversight to TIFF as a nonprofit organization.

Robert manages UVIMCO’s Long-Term Pool, overseeing the asset allocation, portfolio management, risk management, and manager selection activities of the institution’s investment staff. Katie leads the GSAM team that manages a broad range of equity solutions on behalf of global institutional and individual clients and is a champion of Goldman Sachs’ diversity initiatives, including leading an investment team where approximately half the assets are managed by female portfolio managers. Both bring 38 collective years of institutional investing experience to TIFF’s prestigious board.

For more information on TIFF’s Board, visit: TIFF Board of Directors

About TIFF Investment Management
TIFF is a mission-driven, not-for-profit organization dedicated to delivering comprehensive investment solutions to foundations, endowments, and other charitable institutions. Since its inception in 1991, TIFF has exclusively served the non-profit community by providing experienced manager selection and access, risk-sensitive asset allocation, and integrated member service to institutions with long-term investment horizons.
www.tiff.org

For media inquiries, please contact Samantha Norquist snorquist@prosek.com.

This article appeared in Institutional Investor on June 10, 2020
Written by Alicia McElhaney

Kane Brenan joined TIFF in April, just as Pennsylvania’s coronavirus cases peaked. He talked with Institutional Investor about how he started a new job, completely online.

When Kane Brenan was hired as TIFF Investment Management’s new president, he made a plan.

He was going to spend his first week at TIFF’s Radnor, Pennsylvania office, getting to know his new colleagues. Then, he’d hit the road, spending the next month meeting with TIFF’s nonprofit clients across the country.

“One, it gives you fodder to make changes,” Brenan said on his plan to meet with clients. “But also, you are kind of a blank slate. You can go and listen and learn.”

The Covid-19 pandemic, though, derailed that plan. Brenan’s first day at the firm was April 13, just days after Pennsylvania’s new coronavirus cases peaked. All travel was put on hold, and Brenan’s first day was conducted from his family’s home.

“It’s actually gone much better than I feared in mid-March,” Brenan said by phone Monday. “I couldn’t imagine not being in the office.”

Brenan, who previously led Goldman’s global portfolio solutions group, left the firm in the fall of 2019 to return to the Philadelphia area, where his family lives. At the same time, TIFF began its search for a new president, according to TIFF’s April announcement, which noted that “the stars aligned” so that TIFF was able to hire Brenan.

According to Brenan, working for a nonprofit that also serves as an investment manager for consultants is exciting to him.

“At my age and experience, to try something that rhymes with what I’ve done but has a different bent is really cool,” he said.

When Kane Brenan was hired as TIFF Investment Management’s new president, he made a plan.

He was going to spend his first week at TIFF’s Radnor, Pennsylvania office, getting to know his new colleagues. Then, he’d hit the road, spending the next month meeting with TIFF’s nonprofit clients across the country.

“One, it gives you fodder to make changes,” Brenan said on his plan to meet with clients. “But also, you are kind of a blank slate. You can go and listen and learn.”

The Covid-19 pandemic, though, derailed that plan. Brenan’s first day at the firm was April 13, just days after Pennsylvania’s new coronavirus cases peaked. All travel was put on hold, and Brenan’s first day was conducted from his family’s home.

“It’s actually gone much better than I feared in mid-March,” Brenan said by phone Monday. “I couldn’t imagine not being in the office.”

Brenan, who previously led Goldman’s global portfolio solutions group, left the firm in the fall of 2019 to return to the Philadelphia area, where his family lives. At the same time, TIFF began its search for a new president, according to TIFF’s April announcement, which noted that “the stars aligned” so that TIFF was able to hire Brenan.

According to Brenan, working for a nonprofit that also serves as an investment manager for consultants is exciting to him.

“At my age and experience, to try something that rhymes with what I’ve done but has a different bent is really cool,” he said.

Download the PDF above to read Institutional Investor’s article on TIFF’s appointment of Kane Brenan as President.

TIFF Investment Management has appointed a new President as part of the firm’s succession planning.

Kane Brenan, who most recently served as Global Head and Co-Chief Investment Officer of the Global Portfolio Solutions (GPS) group for Goldman Sachs, will become TIFF’s President effective Monday, April 13, 2020. Kane and TIFF CEO, Dick Flannery, will work closely together to ensure a smooth leadership transition for the firm and the charitable organizations it serves.

Brenan had been with Goldman Sachs for over 20 years, was a partner in the firm, and had worked with some of Goldman’s largest pension and endowment clients in an outsourced chief investment officer (OCIO) capacity.

In a joint statement, Neal Triplett (Chair of the TIFF Board and President of Duke University’s endowment office) and Dick Flannery said: “We are delighted to add someone with Kane Brenan’s extraordinary qualifications to the TIFF senior management team. His knowledge and experience, when combined with his distinctive ‘values first’ ethos, will serve TIFF’s non-profit members well for many years to come.”

TIFF announced its formal search for a President last fall.  At almost the same time, Mr. Brenan announced his intention to leave Goldman Sachs to return to the Philadelphia area, where his family lives.  The stars aligned and TIFF identified a talented industry veteran, who sits on multiple boards, and has a passion for non-profit work, to add to the firm’s executive team and eventually replace Mr. Flannery.

“I have had an extraordinary experience at Goldman Sachs and I am now excited to join TIFF and pursue the firm’s important mission. I look forward to meeting TIFF’s members and helping each of them achieve their investment and organizational goals. TIFF represents two remarkably motivating pursuits – non-profit work and investing.  I am looking forward to getting started on those pursuits.” – Kane Brenan