The Investment Committee is a team of professionals with experience in institutional investments. Its chair is Ann Goodbody, who worked for 32 years at Citicbank, N.A. before retiring in 2002. The committee meets five times a year and works as an adjunct to the full board. It reviews performance, rebalances the portfolio, meets with current and prospective managers, discusses market conditions and long-term strategy, and establishes overall and manager-specific benchmarks.
Ann Goodbody, Investment Committee Chair
Ann Goodbody spent 32 years at Citibank, N.A., until her retirement in 2002, holding various positions in the insurance and real estate divisions of corporate banking. In 1995, she became head of capital management for the holding company, Citicorp, and its subsidiaries, and in that capacity, had oversight for its capital adequacy, its debt and equity issues and its acquisitions and divestitures. She was also a member of the Market Risk Policy Committee. She was appointed an executive vice president in 1997 and became chairman of credit policy. Subsequent to the merger which created Citigroup, she became the head of credit risk management for Citibank in the 80 countries in the emerging markets where the bank had a presence. Ms. Goodbody graduated from Fordham University in 1968 with a B.S. in Economics. After a brief time on Wall Street, she joined Citibank, N.A., then named First National City Bank, and became part of the early cadre of women pursuing careers in banking and finance. She was the first woman to be appointed to the chief credit officer position of a major banking institution.
David F. McCarthy
David F. McCarthy is the Principal of D.F. McCarthy LLC, a consulting and advisory firm. In 2002, he co-founded Martello Investment Management, LP, a specialist fund of funds and advisory firm concentrating on absolute return hedge fund strategies including global macro and CTA strategies. From 1994 to 2000, Mr. McCarthy was an Investment Manager for Global Asset Management (GAM) where he managed GAM's trading funds of funds. He has been an investment officer with the Atlantic Philanthropies, a partner in Rayner and Stonington, a deputy manager of the International Financial Advisory Service of Brown Brothers Harriman & Co., and a consultant with McKinsey & Co. Mr. McCarthy taught finance and investments at Skidmore College and the University of Massachusetts (Amherst) in the U.S., and University College Dublin in Ireland. He is a contributor to the Greenwich Roundtable "Best Practices in Hedge Fund Investing" series, and is the author of a number of academic articles on managed futures. Mr. McCarthy holds a Ph.D. from University College Dublin, an MBA from Stanford University, and a BA from the University of New Hampshire. David is a resident of Stockbridge, Massachusetts.
Thomas S. Quinn
Thomas Quinn is an investment adviser with over 30 years of experience in banking, investment management and commercial property. He is the former global head of Real Estate Investment Management (REIM) of UBS Wealth Management and Business Banking, a position he held from 2004 to 2009. Prior to joining UBS in April 2004, Mr. Quinn founded and managed TS Quinn Associates, LLC, a real estate investment management firm. Before that, he spent 23 years at JP Morgan where he held various senior management positions. From 1994 to 2001, Mr. Quinn was responsible for JP Morgan's proprietary private equity investments in the real estate sector. He previously had a broad range of assignments in corporate finance and investment banking, including positions in New York, Mexico City and London. Mr. Quinn is a director of Alpha Investment Partners Limited, a real estate investment management firm in Singapore, a trustee of the Hotchkiss School and a former member of the National Real Estate Advisory Board of the Nature Conservancy. He is a graduate of Dartmouth College (BA) and Middlebury College (MA).
Andrew C. Vickery
Andrew Vickery has over 10 years of investment experience and is presently the managing partner of Berkshire Capital Partners, a firm which makes principal private equity investments and provides merchant banking and advisory services. Prior to this, he had an extensive career in investment banking and debt capital markets at J.P. Morgan in Europe and Asia.
Community AdvisorsCommunity advisors with specific investment experience are elected for 3-year terms to bring additional expertise to the Investment Committee.
Noha Carrington is the director of research for Carrington Strategic Advisors, LLC and risk manager for the Carrington Strategic Master Funds. Initially based in Tokyo, she now works in Southport, Connecticut. Before her current position, Ms. Carrington was managing partner and co-founder of InterGlobal Strategic Capital Management, based in Tokyo. Earlier, she was a hedge fund consultant for the Pacific Rim region and a principal at Trilogy Advisors, where she was responsible for risk management, analysis and executing trades. Before joining the buy-side, she spent 18 years as a global equity derivative salesperson with firms including Morgan Stanley, Salomon Brothers and Goldman Sachs. Ms. Carrington is a summa cum laude graduate of the University of Connecticut and earned an M.B.A. cum laude in finance from New York University Stern Business School.
Neil M. McCarthy
Neil McCarthy is the Chairman and Chief Executive Officer of Windham Capital Management, an independent, privately owned financial services firm. He is also the founder and Managing Partner of Windham Capital Management, a New York based SEC registered Investment Advisor. Mr. McCarthy is responsible for the long term strategic, financial and operating plans of both organizations. Prior to his current positions, he was a Vice President in the Investment Management Group of Bankers Trust Company, New York, where he served as a Senior Portfolio Manager as well as a member of the firm's Investment Policy and Strategy Committee. Mr. McCarthy is a member of the Association for Investment Management and Research as well as the New York Society of Security Analysts. He has spoken extensively at industry events both in the United States and abroad.
Cornelia Small is presently a member of the Board of Trustees of Fidelity Funds, as well as chair of the Investment Committee of Smith College, where she has been a member of the Board of Trustees since 2000. She was the Annual Fund Co-Chair for the Fletcher School of Law and Diplomacy at Tufts University. From 1969 until 2000, Ms. Small was involved with Scudder Kemper Investments in New York, acting in various capacities, including as its Chief Investment Officer, Director of Global Equity Investments and, for twenty years, as an Economist. She is a magna cum laude graduate of Smith College with a B.A. in Economics. She earned an M.A./M.A.L.D. in Economics from the Fletcher School of Law and Diplomacy and attended the National Academy of Design School in New York. She and her husband live in New York City and Colebrook, Connecticut.