Alaska Permanent Fund’s Jay Willoughby has joined the
Investment Fund for Foundations (TIFF) as its investment chief.
According to TIFF, Willoughby will begin his new position managing more than $11 billion on October 13, replacing former CIO Larry Lebowitz who resigned in April this year.
“As we have gotten to know Jay, we have been struck by his disciplined, yet highly collaborative approach to building and motivating teams,” said Collette Chilton, TIFF’s board chair, and CEO and interim-CIO Dick Flannery. “We enthusiastically welcome Jay to the TIFF team.”
Flannery also praised Willoughby’s ability to “strategize across investment approaches and styles.”
Once on board, Willoughby will turn his attention to “an immediate and intense focus” on TIFF’s investments, the outsourced-CIO said.
The CIO also promised to be “laser-focused on investment excellence” in beginning his work with Pennsylvania-based TIFF.
Willoughby spent the past four years as investment chief at the $52 billion Alaska Permanent Fund. The three-time Power 100 member also served as CIO of Merrill Lynch’s private investor group and head of research for equity funds.
He holds an MBA from Columbia University and a bachelor’s degree from Pomona Collage. Willoughby is also a Chartered Financial Analyst holder.
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