Sam Gallo, new CIO at University System of Maryland Foundation

In May I successfully concluded a search for a new chief investment officer for the University System of Maryland Foundation with the appointment of Samuel N. Gallo, CPA, CAIA, BS in finance and BS in accounting from the University of Illinois, 1999.

Leonard Raley, the president of the foundation, and David Saunders, the chairman of the investment committee (and co-founder of K-2, one of the industry’s largest fund of hedge funds) were instrumental in defining and driving the search.

In this issue:

Farouki Majeed – a CalPERS vet heads back to Ohio

Interview with Peter Stein: an endowment CIO reinvents himself

Risk management: strategic or tactical?

In this issue: Mr Henry moves to Hershey, Hedge Fund smoke, I need a Fund of Funds Pro

Eric Henry lands a sweet job in Hershey, PA

Are Hedge Funds returns just a mirage?

Skorina needs a senior Fund of Hedge Funds pro

Shawn Wischmeier’s big money move, more Performance for pay, Australian “supers”, the wave of the future:

Our performance-for-pay index revisited

More pay, less pain: Shawn Wischmeier is new CIO at Margaret A. Cargill Philanthropies

Are Australian “supers” the future of pensions? Interview with Hazel McNeilage, former COO of QIC

Performance for pay: Is your CIO cost-effective?

(Check the 3 charts below)

For our internal use and to help our clients, we compile data and track the performance of hundreds of CIOs and asset managers. Recently, we extracted and published a list of the 50 highest-paid nonprofit CIOs, which some readers seemed to like.

This time, we’ve started with that same list and tried to answer the question: who among these well-paid managers provides the most performance relative to their paychecks?

Specifically, we looked at their investment returns over the most recent five years, computed how many basis points they earned per $100 thousand of compensation, and then ranked them all by that measure of performance-for-pay.

We’ll have more to say about what it all means further below. But, without further ado, here’s the ranking of the highest-paid nonprofit CIOs according to the almost-famous Skorina Performance-for-Pay Index.