Kathleen Jacobs, the CIO of New York University’s Endowment Fund, stepped down as of September 30.
Jacobs joined the NYU endowment in 2015 after nearly seven years as managing director of investments at New York Presbyterian Hospital. Prior to that, she was a senior investor at the Juilliard School’s endowment. She also held vice president positions at J.P. Morgan and Goldman Sachs.
Under Jacobs, the endowment grew to $5.3 billion, as of August 31, 2022, from $3.5 billion, according to the university. In the past 20 years, the fund has returned 7.3% against its benchmark of 6.1%. Because of performance and capital inflows, the value of the fund has increased 8% per year in the last 20 years.
“Over the past eight years, Kathleen transformed and institutionalized the university endowment, created a best-in-class investment office and program, and generated strong investment returns significantly exceeding the policy benchmark” NYU Executive Vice President Martin Dorph told Washington Square News.
Jacobs has not announced a new role. NYU declined to comment.
Tags: Kathleen Jacobs, New York University, New York University Endowment Fund, NYU