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before coming to UNC in 2005.
“Years ago, we made the decision to
have a management company staffed by the
best professionals we could find,” said Nelson Schwab ’ 67, a member of the UNC
Board of Trustees who also serves on the
board of the investment fund. “We have
really good people on a day-to-day basis.”
The in-house experts, in turn, work
with an investment board of volunteers
drawn from the upper echelons of the
business world: top executives from Goldman Sachs, Bloomberg, JPMorgan Chase
and other financial giants.
The endowment fund also has time on
its side. Most people’s investments are tied to
a specific event, such as retirement or a
child’s college fund — they need a certain
amount of money by a certain time. But an
endowment, investing for perpetuity, has all
the time in the world. So while October’s
