Under the oversight of the CFO, Paul Ellinger, the Office of Investments oversees the investment of the University System’s Operating and Endowment assets, including farmland donated to the University.
Operating and Endowment assets are invested through carefully selected external investment firms, while farmland is primarily managed internally by the Agricultural Property Services department.
$122.2M was distributed to System Units in FY23.
The Investment Program generates investment income that is distributed to units across the University System. EXPLORE
Over the past five years, the Endowment Pool's diversity allocation has increased more than 300%.
The investment objective for the Endowment Pool is to preserve the purchasing power of pool assets and provide annual support for an infinite period.
The investment objective for the Operating Pool is to preserve the value of the principal, maintain liquidity appropriate to the forecasted working capital requirements of the System, provide prudent diversification and maximize the rate of return on investment.
ANNUAL REPORT
INVESTMENT POLICY
PUBLIC FUNDS REPORTING
The Endowment Pool ranked in the top decile relative to peers for the 10 year period as of June 2020.
Sr. Director of Investments
Ms. Melchiorre has 15 years of investment and banking experience. She joined the University System’s investment team in 2012. Previously, Ms. Melchiorre spent four years at Northern Trust Asset Management focusing on operational and investment risk management and two years at Protiviti Consulting with a focus on the banking industry. She graduated from the University of Illinois with a bachelor’s degree in finance and speech communication. Ms. Melchiorre is a CFA Charterholder.
Directory Information
Associate Director, Investment Operations
Coordinator, Investment Operations
Investment Analyst, Investment Operations
Given limited staffing and the high volume of investment opportunities that our office receives, we work through our consultant, Fund Evaluation Group (FEG) on fund sourcing.
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