UC Berkeley Finds New CIO at University of Washington

After a nationwide search of roughly seven months, David McAuliffe has taken the job.

David McAuliffe

David McAuliffe

The University of California Berkeley’s endowment office has picked its new chief investment officer, a spokesperson for the trustees announced late Tuesday.

Incoming CIO David McAuliffe spent the last 11 years at the University of Washington Investment Management Company as a senior investment officer. Before that, he led IT investment banking at Cascadia Capital in Seattle and worked as a consultant at Deloitte.

McAuliffe enters his first CIO role at the Berkeley Endowment Management Company and is set to oversee $1.8 billion in assets, according to the announcement.

Prior CIO John-Austin Saviano told peers in mid-March of his intention to exit the investment office he helped set up in 2009.

[II Deep Dive: Berkeley Endowment CIO to Step Down]

Recruiting firm Russell Reynolds facilitated the nationwide search, the announcement said. While that was ongoing, director of investments Nicholas Warner stepped in as interim CIO and president.

The Berkeley endowment trustees lauded McAuliffe’s experience in alternative and emerging markets.

McAuliffe is one of several people with the chief investment officer title under the University of California umbrella. Located in Oakland, the central team runs roughly $100 billion in system-wide assets from the Office of the Present. UC CIO Jagdeep Bachher leads this overarching program for retirement, operating capital, and endowment funds, reporting to the board of regents.

Many UC campuses — Berkeley among them — nevertheless maintain their own portfolios and investment teams in parallel.