To the Editor:
Thank you for highlighting the performance of the Brown endowment for fiscal year 2019 in your editorial on Oct. 4. The endowment is invested with the goal of achieving high risk-adjusted returns over periods much longer than a single year. Nonetheless, the strong returns from fiscal year 2019 are indeed excellent news for the entire Brown community.
The editorial however did not sufficiently recognize the engine of these returns: a dedicated investment team, an active Investment Committee and extensive help from alumni who help us source unique investment opportunities. Led by Chief Investment Officer, Jane Dietze, Brown’s endowment is in highly capable hands. The entire Investment Office team deserves the credit!
Ever True,
Joe Dowling
CEO of the Investment Office and interim CFO of the University
