Michigan State Endowment to Be Run by Zecher, an Ex-Fund Manager
- Other schools hire chief investment officers as funds grow
- Philip Zecher co-ran currency hedge fund EQA Partners
This article is for subscribers only.
Michigan State University hired Philip Zecher, a former hedge fund manager with a doctorate in nuclear physics, as its first chief investment officer to oversee the school’s $2.3 billion endowment.
The school joins other institutions such as the University of Nebraska in creating investment chief positions as their endowments have grown rather than outsource the responsibility to consultants. The value of Michigan State’s investments, which includes the endowment and some other funds, has climbed 800 percent since 2000, the university said.