Stein to manage University investmentsBy William Harms
Peter Stein, managing director of the Princeton University Investment Co., has been named Vice President and Chief Investment Officer of the University.
Stein, who begins his duties Monday, July 11, will be responsible for the investment of the University’s $3.8 billion endowment and other financial assets, and for the day-to-day management of the investment office and its staff, said President Randel.
He will work closely with the University’s Chief Financial Officer and the Vice President for Development in support of the University’s financial goals and the development and planned giving programs.
On a day-to-day basis, Stein will work directly with the chair and other members of the Investment Committee of the Board of Trustees in support of the University’s investment goals.
At the Princeton University Investment Co., Stein is responsible for that university’s investments in hedge funds, domestic equities and fixed income, which account for more than half of Princeton’s $10 billion endowment. Stein, who has been managing director for five years, has 20 years of experience in fund management. He holds a B.S. in mathematics from Brown University.
James Crown, Chairman of the University Board of Trustees, chaired the search committee, which included David Booth and Stanford Grossman, both University Trustees; Richard Elden, founder and chairman emeritus of Grosvenor Capital Management, Chicago; and Donald Reaves, Vice President for Administration and Chief Financial Officer of the University.