Endowment funds have been among the most progressive investors in exploring alternative investments and in challenging conventions.  Market turmoil over the last couple of years though has tarnished many investment products and has also increased demands for liquidity.  Given this history, what has changed in managing endowments and what has not?  Should anything change? 

Ms. Crecelius came to The Johns Hopkins University in the newly created position of Chief Investment Officer in October 2005.  She has been building the university's first separate investment office staff and is responsible for overall investment strategy and management of the university's endowment.

Prior to joining Johns Hopkins, she had been managing director for marketable alternative investments at the Massachusetts Institute of Technology since 1998.  She has also been a consultant at Cambridge Associates Inc. and held positions at Brown Brothers Harriman & Co., BayBank, and Bank of Boston.   Ms. Crecelius is a summa cum laude graduate of Bryn Mawr College and earned her Ph.D. in French from Yale University. She has won recognition as a chartered financial analyst.