This content is from: Corner Office
Dartmouth CIO Resigns; Search Underway
The $4.5 billion Ivy League endowment needs a new investment chief.
Pamela Peedin will step down as CIO of Dartmouth College in June 2017, the private university announced in a release late last week.
Executive search firm David Barrett Partners is working to secure a new leader for the $4.5 billion endowment. The firm has recently executed searches for investment chiefs at the Harvard Management Company, Stanford Management Company, American Red Cross, and the University of California.
Peedin joined Dartmouth in 2011. She arrived from Boston University, where as CIO Peedin set up the schools investment office and managed its then-$1 billion portfolio.
During her tenure at Dartmouth, the Hanover, New Hampshire-based Ivy League fund returned an average 8.8 percent annualized over the five years ending June 30, 2016.
Dartmouth, like most of its peers, posted a weak performance for 2016, losing 1.9 percent.
Peedin will depart at the end of the next fiscal year to spend time with her husband and their two teenage sons before the boys head to college, according to the announcement. This was not an easy decision for me, she continued. I do work I love for an institution I love.
Leanna Orr is Global Content Director of Investor Intelligence Network (IIN), Institutional Investors private community for asset owners.