Newsmakers
Sargent McGowan Named CIO for Endowments and Foundations at Brown Advisory
McGowan was previously managing director and acting CIO of UVIMCO.
According to UVIMCO, its developed market managers ‘were not able to fully capture the strong gains seen in domestic equities.’
The Ivy gains 7.6%, UVA earns 5.3%, and the Pacific Northwest school increases only 1.1%.
Robert Durden has been tapped to head up Virginia’s $9.2 billion endowment.