Williams College Investment Office

The Investment Office has a staff of nine people who directly oversee the management of the College's portfolio. Advising the staff are three Advisory Committees, made up of Williams alumni or parents with financial expertise. Overseeing all is the Investment Committee, consisting of eight members, who is finally responsible for the Investment Pool.^[4][5]

On the staff level, the Chief Investment Officer remains Collette Chilton. The Co-Chairs of the Marketable Assets Advisory Committee are Ole Andreas Halvorsen and Elizabeth Robinson. The Co-Chairs of the Non-Marketable Assets Advisory Committee are Timothy Barrows and Jonathan Sokoloff. The Co-Chairs of the Real Assets Advisory Committee are John Foster and Robert Pinkard. The Chair of the Investment Committee is Jonathan Kraft.^[5]

The Investment Office does not directly invest in any stocks. Rather, the staff hires managers to invest the different assets in the portfolio. There are ten asset classes: global long equity, global long/short equity, absolute return, venture capital, buyouts, real assets, real estate, investment grade fixed income, non-investment grade fixed income, and cash. The Office has a long-term return objective of 5% plus inflation.^[6] Overall, the Investment Office had a rate of return of -1.5% in the 2016 fiscal year, and an overall annual return of 7.3% for the ten years since the office was established.^[5]