Investment Committee
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.
Board Members
Ann Goodbody, Investment Committee Chair
Ms. 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.
Neil M. McCarthy
Neil M. McCarthy is the chairman and chief executive officer of Salem, Wade & Company, 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 longterm 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.
John Tuke
Mr. Tuke is chief financial officer at the Hotchkiss School and is responsible for all business and financial matters, including serving as a member of the Investment Committee, which oversees the management of the school’s $290 million endowment. He manages a 120-person staff and oversees the Hotchkiss physical plant. Prior to Hotchkiss, Mr. Tuke worked at Merrill Lynch, which he joined in 1982. He became vice president at the age of 26 and was elected managing director four years later. In 1987 through 1991, he was vice president of a private partnership, Ecoban Finance, Ltd. He returned to Merrill Lynch in 1991, where he worked in new product marketing and then in fixed income trading until joining Hotchkiss in 1999. Mr. Tuke earned a B.A. from Harvard College, graduating cum laude in 1978. He was awarded an M.B.A. in finance by the University of Chicago in 1982. He also studied at Cambridge University, where he received a masters of philosophy degree in international relations in 1987.
Andrew C. Vickery
Mr. 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 Advisors
Community advisors with specific investment experience are elected for 3-year terms to bring additional expertise to the Investment Committee.Noha Carrington
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.
Cornelia Small
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.
Zenas Block (emeritus)
During his 65-year career, Zenas Block has been a chemist, research director, senior corporate manager, entrepreneur, academic, investor and consultant, specializing in new venture development and management in the US, Japan and the UK. He was a founder of Nisshin DCA in Japan and DCA Industries in the UK, while CEO of DCA Food Industries in the US. He founded, built and sold Haystack Cable Vision in the northwest corner of Connecticut and ran a small equities investment firm. Starting in 1980, he founded the Center for Entrepreneurial Studies at the Stern School of Business at NYU, developed and taught entrepreneurship courses for the MBA program and served as clinical professor until he retired in 2001. He currently is an elected member of the board of finance of Salisbury, CT, a member of the governing board of Sharon Hospital, and the founder of the Salisbury Central School Educational Enrichment Fund and the E=MC2 Fund, donor-advised funds at Berkshire Taconic. He was the recipient of the Citibank Excellence in Teaching Award at Stern. The book he co-authored with Professor Ian Macmillan of Wharton, "Corporate Venturing – Creating New Businesses within the Firm," was published by the Harvard Business School Press and has been published in Japanese and Korean.