Kenneth Miranda, director of the International Monetary Fund’s investment office, was named chief investment officer at Cornell University effective July 1, the university announced Wednesday.
Mr. Miranda will manage the Ithaca, N.Y.-based Cornell’s $6 billion investment portfolio and lead the office of university investments, confirmed Cornell spokesman John Carberry.
He replaces A.J. Edwards, who left at the end of March. Senior investment officers Cody Burke and Roger Vincent have been serving as interim CIOs.
In his IMF role, he has “coordinated a focused team that oversaw the investment of approximately $11.5 billion in assets for the IMF’s Staff Retirement Plan and Retired Staff Benefits Investment Account,” a Cornell news release said. Mr. Miranda’s resignation at the IMF is effective June 30, IMF spokeswoman Angela Gaviria wrote in an e-mail. The IMF “will now begin the search for a successor,” she wrote.
In addition to serving as the director of the IMF investment office since 2000, Mr. Miranda also has been a member of the Cornell University board of trustees’ investment committee since February 2012.
Mr. Miranda “is a results-driven professional with dynamic strategies that will ensure our endowment grows in depth and breadth as it maintains the stability required to support our educational and engagement mission,” said Michael Kotlikoff, the university’s provost and acting president, in the release.
Mr. Miranda will report to trustee Donald Opatrny, chairman of the investment committee, and Joanne DeStefano, Cornell’s executive vice president and chief financial officer.