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Russ appointed Chief Investment Office

David H. Russ, currently Treasurer of the Regents and Vice President for Investments for the University of California system, has been appointed Chief Investment Officer, effective Aug. 1, 2005. Russ succeeds Jonathon C. King who joined the University of North Carolina at Chapel Hill in January 2005.

Russ will oversee the Office of Investments, which directs the College's investment strategy. As Chief Investment Officer, he will be in charge of Dartmouth's endowment, which at the end of the 2004 fiscal year (June 30, 2004) totaled $2.45 billion. The endowment, which comprises more than 4,500 individual funds, is the 21st largest in the nation.

"I am very excited about David's appointment," said Adam Keller, Executive Vice President for Finance and Administration.  "He is one of the brightest minds in the endowment management field, having emerged from an exceptional pool of candidates.  He brings fresh leadership, creativity and forward thinking to an extremely strong portfolio.  In combination with the existing investment management team that has performed consistently in the top quartile of our peers, the students and faculty at Dartmouth will benefit for generations in the future."

His appointment follows a nationwide search, conducted with help from the Board of Trustees Investment Committee, alumni recommendations and the investor network at the Tuck School.  The search was managed by Amy Wang de Rham Tu '86, a senior partner of the Rhodes Associates executive search firm.

Russ' portfolio at the University of California (UC) has included management of the university's retirement, defined contribution and endowment funds, as well as the system's cash assets.  The endowment funds portion was valued at $5.3 billion as of June 30, 2004. While overseeing UC's investment strategy, Russ was invited to join the prestigious Institute for Quantitative Research in Finance.  He is a member of the Berkeley Program in Finance and of the Association for Investment Management and Research and a member and former committee chair of the Security Analysts of San Francisco.

Russ said he looks forward to taking up his new role at Dartmouth. "I'm very excited about the position and joining the finance group at Dartmouth to assist in managing the endowments, working with alumni and donors and working with members of the faculty," he said.

Russ began his career in investment management as a security investment specialist for the Bay Area Transit District in Oakland and went on to spend six years managing investments for Stanford University.  From there, he spent several years in investment management for Pacific Telesis Group in San Francisco. He then returned to higher education, first as the Managing Director of Public Markets for the University of Texas Investment Management Company and then as Treasurer of the Regents and Vice President for Investments for the University of California system.

Russ earned a bachelor's degree in genetics from the University of California, Berkeley and a master's degree in administration, finance and accounting from UC Davis.

By GENEVIEVE HAAS

Last Updated: 4/7/09