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Marquette University Endowment Fund

Name: Endowment Office | Marquette University

Assets Under Management: $1.32 Billion (Source: Marquette University on 6/30/2014)

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

Portfolio Insights: “Marquette University (the University) is an independent, coeducational, not-for-profit institution of higher learning and research located in Milwaukee, Wisconsin, formally opened in 1881 and conducted under the auspices of the Society of Jesus. Through its 12 separate colleges and schools, the University offers bachelor’s degree programs, master’s degree programs, doctoral degree programs, and post-baccal aureate first professional degree programs.

The financial statements of the University have been prepared, in all material respects, on the accrual basis of accounting in conformity with U.S. generally accepted accounting principles (GAAP).” (Source)

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Top Marquette University Endowment Fund Headlines:

1) The Office of Endowment is responsible for the strategic investment direction of the university’s endowment assets and serves as a liaison to internal and external investment planning parties. Investment responsibilities include oversight of outside investment management firms, relations with investment consultants and general monitoring of all aspects of endowment management. (Source)

2) Marquette University’s endowment helps fund student scholarships, academic programs, and salaries for faculty and staff. The endowment is valued at more than $405 million. Marquette’s financial statements in 2011 mention Marquette’s investments in hedge funds, but dono’t specify the amount. (Source)

3) Marquette University in Wisconsin was given $1 million posthumously by an alumnus whose daughters and son also graduated from the school. School President Scott Pilarz announced the donation, to go toward merit-based awards and annual support for professional faculty and staff development, from the estate of Robert Olson, a Davenport, Iowa, man who left his daughters Peg and Jane and son Steve in charge of directing his endowment, the Milwaukee Journal Sentinel reported Friday.

“This generous contribution from a legacy family will allow us to continue a larger drive for new excellence at Marquette University,” Pilarz said. “This gift offers an incredible opportunity for future generations of Marquette students to begin their own legacies by sharing their talents, dreams and hopes for the future.” (Source)

4) Four new members were elected to the Marquette University Board of Trustees this week. The new members include Patrick Lawton, managing director of fixed income capital markets at Robert W. Baird & Co.; Kelly McShane, a retired school psychologist; Scott Schroeder, a founding partner at hedge fund Balyasny Asset Management; and Owen Sullivan, a high-ranking ManpowerGroup executive, according to a press release.

Lawton is a 1978 graduate of the College of Business and a 1980 graduate of the Graduate School of Management. At Baird, he is responsible for all areas of fixed income capital markets, including public finance banking, sales and trading.

McShane, a 1968 graduate of the Helen Way Klingler College of Arts and Sciences, was a member of the pediatric neurology diagnostic team in the department of pediatrics at the University of Minnesota Hospital.

Schroeder graduated from the College of Business Administration in 1992 and from Marquette’s joint juris doctor/M.B.A. program in 1996. He is a founding partner at Balyasny Asset Management, a globally diversified, multi-strategy hedge fund manager focused on combining high quality, proprietary, fundamental research with top investment talent, a dynamic capital allocation process and comprehensive risk management.

Sullivan is a 1979 graduate of the Helen Way Klingler College of Arts and Sciences and is president of specialty brands for ManpowerGroup, where he serves multiple roles, including CEO of Right Management and Experis, as well as leader of ManpowerGroup’s global sales organization. Prior to joining ManpowerGroup, Sullivan worked as a management consultant with several venture capitalists and private equity groups, and served as president of the Financial Services Group of Metavante Corporation, as well as president of Metavante’s Enterprise Solutions Group. (Source)

5) Marquette University will spend about $9 million in a pending deal to buy about seven acres of land on the campus’ eastern edge, including the former UMB Fund Services offices. Marquette University president Mike Lovell’s inaugural address Friday came littered with big news items, including plans for a presence at the Global Water Center in Walker’s Point in Milwaukee and at the University of Wisconsin-Milwaukee’s Innovation Campus in Wauwatosa. Closer to the school’s home, Lovell revealed Marquette’s plans to buy up land along the campus’ eastern edge in the 800 block of West Michigan Street. Senior director of university communications Brian Dorrington said Monday that purchasing the three-block stretch will likely total about $9 million, a deal Marquette hopes to close later this month. (Source)

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