In this issue of News @ Wesleyan, we speak with Jonathan Farrar, a senior investment associate in the Wesleyan Investments Office.
Q: Jonathan, when did you join the staff at Wesleyan’s Investments Office?
A: I joined the investments office in mid-October 2014, though in most appropriate fashion (as you’ll soon discover) my first day on the job was actually on the road in San Francisco with Anne Martin, our Chief Investment Officer. I seized the opportunity to tag along since she was seeing some of our existing investment managers as well as a few that I have invested with in the past. I moved my family up on Halloween day just in time for my oldest, Jay, to throw on his elephant costume and go trick or treating in his new neighborhood.
Q: The Investments Office offers guidance and makes recommendations to the Investment Committee in the ongoing management, evaluation and growth of the University’s Endowment. What is the Wesleyan Investment Committee? Who are members?
A: The Wesleyan Board of Trustees is the primary fiduciary of the University’s endowment with the ultimate responsibility for how these assets are invested. The Board fulfills that responsibility by establishing policies governing its management, delegating appropriate responsibilities to the Investment Committee, and taking reasonable steps to verify that the Board’s policies are being adhered to. The Investment Committee is responsible for a number of things, including setting asset allocation, overseeing the work of the investments staff, and making recommendations to the Board for adjustments to the endowment’s investment policy.