Making the Grade

U.S. college and university endowments are scrambling to fi nd investment talent to manage their increasingly complex portfolios.

On May 31, in a stunning move, Lehigh University announced that Peter Gilbert would become the school’s first chief investment officer. With high turnover at endowments and numerous U.S. colleges and universities seeking CIOs, securing one of the world’s savviest and most innovative investors was a major coup.

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