Oxford Hires Alternatives Expert

May 23 2007 | 11:35am ET

In a concession to the realities of contemporary higher education costs, Britain’s oldest university has hired an alternative investments expert to help run its endowment. The University of Oxford has named Sandra Robertson its first chief investment officer.

Robertston, who as co-head of portfolio management at the U.K.’s Wellcome Trust focused on hedge funds and private equity investments, will set up and operate an office to manage the university’s £900 million (US$1.8 billion) endowment.

Oxford said it hoped that the new office will increase the amount of income earned from its investments.

Institutions of higher education—both public and private—in the United States have for decades relied on their endowments for much of their funding. That advantage, coupled with decreasing government funding, has hurt the competitiveness of British universities compared to their American counterparts. Oxford rival the University of Cambridge also hired an alternatives specialist when it named its first CIO in November, picking Man Group’s Nick Cavella.


In Depth

Humble in Hofstra...One Debate an Election Can Make

Sep 26 2016 | 10:20am ET

Tonight's U.S. Presidential debate, infamously coined the “Humbling in Hofstra...

Lifestyle

Vortic: Reimagining the Custom Wristwatch

Sep 27 2016 | 7:24pm ET

American watch manufacturer Vortic, which started out restoring antique pocket watch...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...