Sid Browne was named CIO of Yeshiva University, according to Hedy Shulman, a spokeswoman for the New York school.
In a letter to “members of the Yeshiva University Community” obtained by P&I Daily, Yeshiva President Richard Joel said Mr. Browne will partner with the university's investment committee “to build an investment office charged with guiding and growing our combined investment portfolio.”
Ms. Shulman said it is a newly created position but declined to provide further details. According to the 2009 Money Market Directory, Yeshiva's endowment had $1.4 billion in assets as of June 2007.
According to the letter, Mr. Browne was most recently the CIO at Brevan Howard U.S. Asset Management. Prior to that, he spent six years at Goldman Sachs & Co., first as head of the quantitative modeling group, firmwide risk, and then as the head of the quantitative analysis group of alternative assets at Goldman Sachs Asset Management.
Yeshiva University lost about $110 million in investments tied to the Bernard Madoff scandal, with most of the lost money having been invested through hedge funds controlled by money manager J. Ezra Merkin, who was a Yeshiva trustee and chairman of the university's investment committee. Mr. Merkin resigned from both university positions in December.
