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Former Vanderbilt Treasurer William Spitz named Lifetime Achievement Winner
7/22/2008
1:57 pm
William Spitz, former treasurer of In the 22 years that Spitz served as Vanderbilt’s vice chancellor of investments and treasurer, the school’s endowment grew to $3.5 billion from $300 million and became more highly diversified. He pioneered the concept of a more flexible, broader approach to asset allocation, which several other endowments have since emulated. “Bill had a wonderful knack of knowing how to take seeds and make them grow,” said K. Beth Johnson, senior consultant at Hammond Associates and a former investment director at Vanderbilt. “More than once he accepted investment allocations of insignificant portfolio value in highly oversubscribed investment funds. Those small investments subsequently bloomed into larger positions with top-tier firms.” Spitz has remained an active member of the investment industry. He has been invited to join While working at Vanderbilt, Spitz taught at the Vanderbilt Owen Graduate School of Management. Since leaving, he has written two case studies of Vanderbilt’s investments for Foundation & Endowment Money Management is the preeminent information source that delivers search leads and inside intelligence on the investment strategies of nonprofits—news that money-management marketers can act on to gain a competitive edge in this important sector. For more news about Media contact: Missy Pankake, (615) 322-NEWS |
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