Sally Dungan, Longtime Tufts Investment Chief, Dies

Dungan was the first and only CIO of Tufts University’s investment office.

Sally Dungan (courtesy of Ian MacLellan/Tufts University)

Sally Dungan

(courtesy of Ian MacLellan/Tufts University)

Sally Dungan, the longtime chief investment officer at Tufts University, died of cancer on April 12, a spokesperson for the university confirmed Friday.

Dungan worked as the CIO for Tufts’ $1.98 billion endowment since 2002.

“Sally literally grew the office from scratch, to create an incredibly highly functioning, collegial enterprise,” said Steven Galbraith, trustee emeritus and chair of the investment committee, in a statement.

At the university, Dungan created a three-year young analyst program designed to bring Tufts alumni onto the investment office for the first time, according to the university.

“The way we’ve developed that program over time reflects Sally’s desire to take care of her employees and aid in their development and maturation,” said Tryfan Evans, director of investments, in a statement.

Other university investment offices followed suit, implementing similar programs of their own, according to risk and administration director David Hohmann.


Prior to joining Tufts, Dungan worked as the director of pension fund management for Siemens Corporation for two years. Before joining Siemens, she was the deputy chief investment officer and senior investment officer for public markets at Massachusetts’ state pension fund, and an administrative manager for Lehman Brothers.

Dungan served on the board at Eaglebrook School in western Massachusetts, which both of her sons attended.

Dungan graduated from Pomona College with a degree in French in 1975, her LinkedIn profile shows. She held a master’s degree from the Monterey Institute of International Studies in intercultural communication.