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Fairfield University Endowment Fund

Name: Fairfield University

Assets Under Management: $702.8 Million (Source: Fairfield University on 6/30/2014)

Annual Report: Fairfield University Financial Statements June 30, 2014 and 2013

Portfolio Insights: “Founded in 1942, Fairfield University is a private, Jesuit institution that provides undergraduate, graduate and continuing studies in five distinct schools to its students. The accompanying financial statements, which include the accounts of Fairfield University and its Preparatory School (the “University”), which together are a 501(c)(3) tax-exempt institution, have been prepared on the accrual basis and in conformity with accounting principles generally accepted in the United States of America (“GAAP”).

Investments are reflected in the financial statements at fair value. Quoted market prices are used to value short-term investments, fixed income securities, and equity securities. Values for investments in limited partnerships, which are generally subject to certain withdrawal restrictions, are provided by the general partner, and may be based on historical cost, appraisals, obtainable prices for similar assets, or other estimates.” (Source)

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Top Fairfield University Endowment Fund Headlines:

1) January 31, 2014 – Michael Trafecante was named vice president for finance and treasurer and chief financial officer at Fairfield University, Conn., confirmed university spokesman Michael Horyczun. He replaces Julie Dolan, who left to become executive vice president and treasurer at Clark University, Worcester, Mass.

Mr. Trafecante’s responsibilities will include handling the university’s pension and endowment. He will report to Kevin Lawlor, Fairfield University executive vice president and COO. Mr. Horyczun did not disclose the assets size of the university’s pension or endowment. (Source)

2) The mission of Fairfield University is to produce students whose academic, cultural, and aesthetic acumen equips them to recognize the value of others—those both similar to and different from themselves— and the importance of community building. As “morally and socially responsible” lifelong learners, Fairfield graduates should be capable of navigating a wide variety of unfamiliar social situations, both domestic and international. Fairfield is integrating the vision of global education and social justice at every level of the institution and is undertaking new and exciting initiatives. (Source)

3) The primary objectives of a Fairfield University education are to develop the creative intellectual potential of its students and to foster in them ethical and religious values and a sense of social responsibility.[7] All schools of the university are committed to a liberal humanistic approach to education, which encourages interdisciplinary learning.

About 3,500 undergraduate and 1,200 graduate students[8] study in Fairfield’s five schools and colleges: The Fairfield University College of Arts and Sciences, The Charles F. Dolan School of Business, The School of Engineering, The School of Nursing, and The Graduate School of Education and Allied Professions. (Source)

4) Oct 22, 2014 – Fairfield University announced the election of six new members to the Board of Trustees of Fairfield University. They are: Mark J. Beckwith ’80, Christopher C. Desmarais ’93, Robert J. Murphy ’71, Katie Jacobs Robinson ’89, Rev. Dennis M. Baker, S.J., and Rev. Terrence P. Devino, S.J. The election of new members took place at Fairfield University’s Board of Trustees meeting held October 3, 2014.

Mark J. Beckwith ’80 is a retired partner and money manager with the Wellington Management Company, a private, independent investment management company serving over 2,000 institutions in over 50 countries. Prior to being elected partner in 2000, he served as a global energy industry analyst for the firm. From 1989 to 1995, he worked as a buy-side analyst for Tom Taylor Investment Advisors, and Silcap LLC, and from 1986 to 1989 as a sell-side equity analyst at Drexel Burnham Lambert, and as a research analyst at Brown Brothers Harriman from 1981 to 1985. A graduate of Bethel High School in Conn., he received his BS in mathematics from Fairfield University and his MS in statistics from Stanford University. (Source)

5) Jan 29, 2014 – Following a national search, Michael Trafecante MBA’01 has been named Fairfield University’s new Vice President for Finance and Treasurer and chief financial officer. Trafecante has more than 20 years of financial management experience spanning the areas of public accounting, information technology, transportation, and investment management. In that time, he held leadership roles in all accounting and finance operations including planning and analysis, auditing, investor relations, treasury, internal controls and compliance, risk management, and payroll. Trafecante is a Fairfield alumnus, earning his MBA in finance in 2001. He earned his bachelor of arts degree in accounting from Assumption College. He resides with his wife and five children in Shelton, Conn., and he will begin work in February 2014. (Source)

About Richard C. Wilson