By David G. Barry
Another senior
member of the University of Chicago Office of Investments is retiring.
Matthew H. Stone, who has been with the university for 23 years, is
stepping down from his role as assistant vice president, managing director of
public markets and absolute return. Stone has held that role since 2009.
Previously, he spent 10 years as director of absolute return investments.
Earlier this
summer, Christopher Longee retired as the Office of Investments’ head of
real assets. He had been with the university since 2004. Kate Carder,
who has been with the Office of Investments since 2010, was promoted to fill
Longee’s role.
In a note on LinkedIn, Stone said he is looking forward to “devoting myself to
spending my days immersed in music and releasing original songs.”
In his current role, Stone has overseen a team responsible for investment
decisions in public equities, hedge funds, private debt, fixed income, and credit
investments. In his bio on LinkedIn, Stone said he oversaw a $5 billion
portfolio.
The University of Chicago Office of Investments oversees $14 billion in assets,
including the school’s endowment, which was valued at $8.6 billion as of June
30, 2021.
Prior to the University of Chicago, Stone spent time with Arbor Research &
Trading, BARRA and the Chicago Board of Trade.
Andy Ward, who took over as the University of Chicago’s chief investment
officer a year ago, did not immediately return a message seeking comment about Stone
or who will replace him. According to the organization’s website, the public
markets/absolute return team also includes Senior Portfolio Managers Andrew
James and Elisabeth Roth, Portfolio Manager Christopher Rosemeyer
and Associate Portfolio Manager Jinny Lee.