The Ohio State University names a new Chief Investment Officer (“CIO”) as the current CIO announces his retirement. Vishnu Srinivasan (“Vish”), an accomplished investment executive, will oversee the future strategic development and ongoing management of the university’s Long Term Investment Pool beginning on May 18th.
Ohio State's investment portfolio earned a +14.5 percent return for fiscal 2017, placing it among the top quartile of university endowments for the year.
The market value of the Long-Term Investment Pool was $4.25 billion as of the June 30 end of the fiscal year. Since then, Ohio State has invested $819 million in proceeds from the Comprehensive Energy Management Project in the LTIP, bringing the market value to more than $5.15 billion as of Oct. 2.
Ohio State's investment team outperformed the benchmark for each major asset class in fiscal 2017, surpassing the portfolio benchmark...