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Revision as of 21:21, 10 December 2024 by SchrodingersFact (talk | contribs) (Created a new page for Clarissa C. Hunnewell, the Chief Investment Officer of the Boston University Investment Office. Due credit to OpenAI O1 for substantial assistance in generating this content, and especially to the researchers and contributors whose work formed the training data for the model, without which this would not have been possible.)(diff) ← Previous revision | Latest revision (diff) | Newer revision → (diff) Chief Investment Officer of Boston University
| Lila Hunnewell | |
|---|---|
| Born | Clarissa C. Hunnewell |
| Education |
|
| Occupation | Chief Investment Officer |
| Years active | 2011–present |
| Employer | Boston University |
Clarissa C. "Lila" Hunnewell is an American investment professional who has served as the Chief Investment Officer (CIO) of Boston University since 2011. In this capacity, she oversees the management of the university’s endowment and other long-term financial assets, implementing investment strategies that align with the institution’s academic and financial objectives."Chief Investment Officer". Boston University. Retrieved December 10, 2024.
Early Life and Education
Hunnewell graduated from Princeton University in 1983 with a Bachelor of Arts in economics. She later obtained a Master of Business Administration from Harvard Business School in 1987."Lila Hunnewell Named BU's New Chief Investment Officer". Boston University. April 29, 2011. Retrieved December 10, 2024.
Career
Hunnewell began her career at Cambridge Associates, a global investment consulting firm, where she worked for over two decades. During her tenure, she served as a managing director, advising institutions such as universities, healthcare organizations, and pension funds on investment strategies, asset allocation, and portfolio management."Lila Hunnewell Named BU's New Chief Investment Officer". Boston University. Retrieved December 10, 2024.
In 2011, Hunnewell was appointed Chief Investment Officer of Boston University’s Investment Office, succeeding Pamela L. Peedin. Her responsibilities include overseeing the endowment’s portfolio, selecting and monitoring asset managers, ensuring adherence to the university’s investment policy, and providing strategic guidance to the Investment Committee of the Board of Trustees."Our Team – Boston University Investment Office". Boston University. Retrieved December 10, 2024.
Under her leadership, the university’s endowment has grown significantly, reaching $3.64 billion as of fiscal year 2023. Hunnewell has emphasized diversification, modern portfolio theory, and responsible investing, incorporating environmental, social, and governance (ESG) considerations into the investment process.Consolidated Financial Statements FY2023 (PDF) (Report). Boston University. October 2023. Retrieved December 10, 2024.
Investment Philosophy
Hunnewell advocates for a disciplined, long-term approach to endowment management. She has championed the integration of ESG principles, focusing on sustainable investments that align with Boston University’s broader institutional goals. Her investment strategy incorporates a mix of traditional asset classes, such as equities and fixed income, alongside alternative investments in private equity, venture capital, hedge funds, and real estate."Manager Partnerships – Boston University Investment Office". Boston University. Retrieved December 10, 2024.
Personal Life
Hunnewell resides in Wellesley, Massachusetts, with her husband and children. She has been actively involved in nonprofit and educational organizations, serving as a trustee for institutions including the Boston Athenaeum, Miss Porter’s School, and the Beacon Hill Nursery School."Lila Hunnewell Named BU's New Chief Investment Officer". Boston University. April 29, 2011. Retrieved December 10, 2024.
Legacy and Recognition
Hunnewell is regarded as a prominent figure in institutional investment management, credited with steering Boston University’s endowment through periods of market volatility and enhancing the financial resilience of the institution. Her leadership has been instrumental in aligning the university’s investment portfolio with its mission and sustainability objectives."Chief Investment Officer". Boston University. Retrieved December 10, 2024.