University of Florida CIO Steps Down

Michael Smith has stepped down as the University of Florida‘s first chief investment officer, in order to join Global Endowment Management as a partner. He had originally come to Florida in 2004 from Duke Investment Management Co. (DUMAC), and helped to launch the University of Florida Investment Corp. (UFICO).

Smith will focus of overall strategy and hedge funds at GEM, whose private equity practice is managed by fellow DUMAC alum Hugh Wrigley. Smith’s last day at UFICO is March 31.