University of Virginia Names Interim CEO of $8.6 Billion FundBy and
Kristina Alimard was named interim chief executive officer of the University of Virginia’s $8.6 billion endowment.
Alimard, the fund’s chief operating officer since 2007, confirmed the Jan. 1 appointment in an email on Wednesday. Executive recruiter Dore Partnership is conducting a search for a replacement, the University of Virginia Investment Management Co. said.
Sargent McGowan, who’s been with the endowment since 2013 and is currently a managing director, was named interim chief investment officer, Alimard said.
The University of Virginia is the fifth-largest public school endowment in the U.S., according to data compiled by Bloomberg. The fund had a 7.3 percent annualized return in the 10 years through June 30. The performance isn’t net of fees; most endowments report investment performance that includes fees.