Johns Hopkins University is hiring for the role of vice president and CIO, according to a recent job listing.
The candidate will succeed Jason Perlioni, who was vice president of investments and CIO of the university’s investment office from 2017 until June, according to his LinkedIn profile. Baltimore-based Johns Hopkins has partnered with executive search firm Braddock Matthews Barrett to assist in the search. The new hire will be the university’s third CIO; Perlioni succeeded Kathryn Crecelius, who served from 2005 through 2017 before retiring.
“The CIO will provide leadership, management, and investment expertise to the University’s investment activities,” the job posting states. “The primary objective of the position is to optimize the performance of the University’s investment portfolios.”
Qualifications for the role include a track record of proven investment leadership experience, a history of outperforming peers and benchmarks, experience in sourcing and allocating to external managers across a number of asset classes and experience developing and implementing asset allocation, portfolio construction and risk management strategies.
The investment office of the university oversees the investments of the university endowments and the Johns Hopkins Hospital System, totaling $8 billion in assets, as well as an additional $1 billion in pension assets. The endowment ranked 16th in the U.S. in assets, according to the 2023 NACUBO-Commonfund Study of Endowments.
According to Johns Hopkins financial statements, as of June 30, 2023, the university allocated 39% of its $8.9 billion portfolio to absolute return assets, 26.14% to private equity and venture capital, 14.74% to U.S. equities, 9.78% to international equities, 6.75% to natural resources and 6.55% to real estate.
In fiscal 2023, the endowment returned approximately 27.8%, among the year’s highest endowment performances, according to the 2023 NACUBO-Commonfund study of endowments.
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Tags: Braddock Matthews Barrett, CIO, Endowment, Jason Perlioni, Johns Hopkins University, Kathryn Crecelius, Pension