Sally Staley has a knack for taking jobs for which she has no direct prior experience and then making a big impact. I love being the first person to hold a job, she says, pointing to past roles as investment director at the State of Wisconsin Investment Board (198995) and associate treasurer at Case Western Reserve University (200206). I enjoy whats new and innovative, and it takes me to another level.
Staley assumed her current position as CIO of Case Western a decade ago and now oversees five investment professionals who manage a $1.8 billion endowment fund, a $150 million defined benefit plan and $1.7 billion in 403(b) assets. Innovation has been the hallmark of her career at the university; she was one of the first endowment heads to hire a director of risk management, in April 2006, when she brought in former Smith Barney financial consultant Anjum Hussain.
After the financial crisis in 200809, it became clear to Staley that the endowments then-focus on relative return ignored the role of risk. So in 2013 she led the investment committee to change the funds objectives, including redirecting the focus to nominal absolute-return targets for several benchmarks and revising its Sharpe ratio goal.
Recently, in response to the U.S. congressional effort to reform the tax code, led by Utah Republican Senator Orrin Hatch, Staley, along with officials at 55 other large educational institutions, are pulling together data on spending and fund oversight.
Staley, 60, earned a master of international affairs degree from Columbia University in 1980 and began her career in international bond market research and sales under the legendary Henry Kaufman at Salomon Brothers. At Wisconsin she established the public pension funds international fixed-income program and managed an international bond portfolio.
Return to the 2016 U.S. Money Masters.
Follow Frances Denmark on Twitter at @francesdenmark.The 2016 U.S. Money Masters Click below to view profiles.
John Alexander Jr. Clemson University large public pension
Ashbel Williams Jr. Florida State Board of Administration large corporate pension
Kathleen Gallagher Benefit Plans,
Ford Motor Co. Foundation
Denise Strack Gordon and Betty
manager lifetime achievement
David Booth Dimensional Fund Advisors Small Public Pension
Elizabeth Crisafi San Diego City Employees Retirement System Health System
Scott Pittman Mount Sinai Health System Large Endowment
Sally Staley Case Western Reserve University
Small Corporate Pension
Charles Van Vleet Textron Investor Lifetime achievement
Peter Gilbert Lehigh University Endowment Fund