A year ago Emory University hired a new Chief Investment Officer.
In his role as CIO, [Srinivas “Srini”] Pulavarti will lead the Emory Investment Management (EIM) group, a team of investment managers who work to maintain a well-diversified portfolio, invest with best-in-class external partners, and seek opportunities to add value throughout market cycles.
Since 2012, Pulavarti has been president and chief investment officer of UCLA Investment Company in Los Angeles, managing approximately $2.3 billion for UCLA Foundation and its affiliate organizations.
With nearly 25 years of investment experience with managing assets for endowments, foundations and pension funds in the U.S., Pulavarti served from 2005-2012 as president and CIO of Spider Management Company, an asset management affiliate of the University of Richmond. While there, he conceived and built the first successful outsourced CIO model in a university environment.
As in many organizations with new leadership, the endowment team is changing.
The wave of departures occurred during the first year of new CIO Srinivas Pulavarti’s tenure. He took over the fund on July 1, 2018, after leading the $2.3 billion UCLA Foundation.
Despite Emory’s once-substantial team and generously compensated top brass, the Atlanta fund has underperformed most of its peers. Emory’s 7.7 percent annualized return put it at the bottom of the third quartile among U.S. nonprofit funds for the five years ending June 30, 2018, a private database shows.
Post by Marcelino Pantoja