Carnegie Mellon University is seeking a director of investments, said a job notice posted on the Pittsburgh-based university’s website.
It is a new position, said university spokeswoman Abby Simmons.
The director of investments will be responsible for managing the university’s $1.25 billion endowment and other long-term financial investments. Duties include developing and overseeing the private markets program while working with the other members of the investment office staff, members of the university’s senior administration and the investment committee of the board of trustees.
The selected candidate will also advance and carry out the processes leading to the portfolio’s asset allocation and the selection of external managers. Selecting external investment managers will also be a key aspect of the position.
The director of investments will report to Charles A. Kennedy, chief investment officer at the university’s investment office.
A timetable for a hiring decision was not provided.
Information on the job posting is available on the university’s website.
