SMU's Condon Resigns From $1.5 Billion Endowment

[AfricanMustang]

Michael Condon, treasurer and chief investment officer at Southern Methodist University, resigned after eight years overseeing one of the largest private college endowments in Texas.

Condon resigned from the Dallas-based school on March 24, Kent Best, a spokesman, said in an e-mail on Monday. No reason was given and Best didn’t respond to a request for further comment. The university, home to the George W. Bush Presidential Library and Museum, will seek a new chief to manage the $1.5 billion fund, Best said. Condon couldn’t immediately be reached for comment.

Christine Regis, the chief financial officer, will serve as interim chief investment officer, Best said.

The departure is the third from the endowment since October, including Adrienne Bowyer Smith, an investment analyst, who confirmed in a phone interview on Monday that she had left.

Condon joined SMU from the University of Arkansas Foundation in 2008 and previously worked at the Georgia Tech Foundation, according to a university bio.

Southern Methodist produced a 4.1 percent investment return in the year through June 30, 2015, according to data compiled by Bloomberg. Over a decade the fund gained 8.7 percent, the third best among the 15 private southern colleges with more than $900 million of assets that are tracked by Bloomberg.

Rice University has the largest private college endowment in Texas at $5.6 billion, followed by Texas Christian University and SMU, each at $1.5 billion as of June 30.

The university said in an annual report that venture capital investments were a ΓÇ£significant contributor to performanceΓÇ¥ last year.

http://www.bloomberg.com/news/articles/ ... -endowment

[smusic 00]

Will miss seeing him at bball games if he doesn't stick around as a fan.

[tristatecoog]

Adrienne went to HBK.
2013 UT BBA and 2017 SMU MS Data Science.

[smustatesman]

I should think that after six months (Oct-Mar) a condom change is necessary.........what ? I missed his name........oh never mind.

[CA Mustang]

Adrienne went to HBK.
2013 UT BBA and 2017 SMU MS Data Science.

HBK?

[CalallenStang]

Adrienne went to HBK.
2013 UT BBA and 2017 SMU MS Data Science.

HBK?

Investment firm with global reach

[smupony94]

Isn't SMU a university with a global reach?

[tristatecoog]

HBK Capital Management is an alternative investment firm currently managing approximately $9.5 billion in assets. The firm was founded in 1991 and employs approximately 200 individuals in Dallas, New York, London, and Charlottesville. Among the top-rated and longest-tenured hedge funds in the world, we have a refreshingly transparent and team-focused culture, low turnover, and a fun work environment.

[CalallenStang]

Isn't SMU a university with a global reach?

World changers shaped here

[smusic 00]

Isn't SMU a university with a global reach?

Do we offer a global reach around?

[smupony94]

Ooooooo well played

[smusic 00]

Oooooooo indeed

[Digetydog]

http://fox61.com/2016/03/29/florida-gov ... ine-state/

We should merge with Yale and have Dave Swenson manage the combined endowment. The great Kleptocracy of CT Government is trying to steal Yale's endowment.

[Pony^]

SMU hires Florida school official to oversee $1.5 billion endowment

http://www.dallasnews.com/business/pers ... owment.ece

[Mustangs_Maroons]

this is something where we should pay someone handsomely as it basically determines our ability to fund many things moving forward. This sounds like a middle of the road hire.