Former MIT treasurer Allan Bufferd has joined Family Endowment Partners as executive chairman.
Family Endowment Partners, LP, an independent private investment firm, today announced that Dr. Allan S. Bufferd, Treasurer Emeritus of the Massachusetts Institute of Technology, has joined the firm as Executive Chairman.
Dr. Bufferd is an undisputed leader in investment advisory and management as well as a pioneer of endowment-style investing. His tenure at MIT spanned more than three decades.
While at MIT, Dr. Bufferd contributed to the formation of investment policies and management of its endowment, retirement funds and other assets, which grew during his career from $600 million to $12 billion. Under Dr. Bufferd, MIT became the sixth largest university endowment in the US, building relationships with more than 150 asset managers worldwide. He was also the founding president of MIT Investment Management Company.
Endowment funds at large universities such as MIT, Duke, Harvard, Princeton, Stanford and Yale have consistently achieved double-digit annual returns with relatively low risk, based on a model that invests in globally diversified asset classes with best-of-breed managers across the globe. Dr. Bufferd helped develop this style of investing for endowments while at MIT.
“Allan is synonymous with endowment investing and his long and successful tenure at MIT lends unparalleled expertise and leadership to our firm,” said Robert Tishman, managing partner of FEP. “His experience will prove invaluable, especially during these challenging market conditions.”
Added Dr. Bufferd, “This is a great opportunity on a personal and professional level to help Family Endowment Partners develop and grow in the endowment-style investment business.”
About Dr. Allan S. Bufferd
Dr. Allan S. Bufferd is Treasurer Emeritus of the Massachusetts Institute of Technology, having retired in 2006 after a 34-year career at the university. Dr. Bufferd was the founding president of the MIT Investment Management Company in 2004. In addition, Dr. Bufferd serves on many advisory boards and leadership committees including the following:
Adveq AG (Switzerland), Director
City of London Investment Group (AIM-London), Director
Makena Capital Management LLC, Director
Morgan Stanley Prime Property Fund, Director
National University of Singapore, Investment Advisor
Och-Ziff Capital Management Group (NYSE: OZM), Director
Robert Wood Johnson Foundation, Trustee
Dr. Bufferd is a graduate of the Massachusetts Institute of Technology with a S.B., S.M., and Sc.D. in materials engineering. He also holds a J.D. from Suffolk University.
About Family Endowment Partners, LP
Family Endowment Partners, LP is an independent, private investment firm headquartered in Boston, Mass., that pursues a globally diversified endowment-style strategy. For more information, visit www.familyendowment.com