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Jay Willoughby

Jay Willoughby

Chief Investment Officer at Tiff Advisory Services Inc.

Boston, MA , United States

About

Jay Willoughby, CFA, currently serves as Chief Investment Officer at TIFF Investment Management in Boston, where he leads investment strategy and chairs the Investment Committee. In this role, he is responsible for allocating capital on behalf of over 600 nonprofit clients, leveraging the endowment model and active management across portfolios of all sizes. His focus encompasses public and private markets, including equities, real estate, hedge funds, and private equity, where he seeks to identify skilled managers who can generate alpha and support long-term institutional missions.

Prior to TIFF, Jay was CIO of the $50 billion Alaska Permanent Fund, a sovereign wealth fund, where he developed deep expertise in portfolio construction and large-scale asset allocation. Earlier, he was co-managing partner at Ironbound Capital Management and held senior investment roles at Merrill Lynch, including as CIO of the Private Investors Group and head of research for equity funds, further honing his expertise in equities and alternative investments.

Jay holds an MBA in Finance from Columbia Business School and a BA in Biology from Pomona College, and is a Chartered Financial Analyst. He is recognized for his strategic vision in manager selection, portfolio risk management, and advancing innovation in investment practices for foundations and endowments. He also serves on the board of American Homes 4 Rent, a real estate investment trust, reflecting his continuing engagement with the real assets sector.

Career History

OrganizationRoleDate RangeDetails
TIFF Investment ManagementChief Investment OfficerOct 2015 to Present
Alaska Permanent FundChief Investment OfficerNov 2011 to Oct 2015
• Responsible for all investment activities of a fully diversified $50+ billion sovereign wealth fund, investing across public and private debt (sovereign, inflation linked, corporate, asset backed, h...
Ironbound Capital ManagementCo-Managing PartnerSep 2006 to Oct 2011
Recruited to become co-managing partner by a former Merrill Lynch Investment Managers colleague. Ironbound is a mid-size global long-short, long-biased equity hedge fund. Responsible for coordination...
MLIM Private InvestorsChief Investment OfficerApr 2003 to Aug 2006
Managed 160 person high net-worth business for MLIM with approximately $40 billion in AUM. Re-organized 21 office, 50 portfolio manager business to turn asset losses of $2 billion per year into asset ...
Head of Research - MLIM Equity FundsHead of Research for Equity FundsMay 2000 to Aug 2006
Worked with the President and the CIO of equity funds to improve coordination of analytical efforts across fund analyst teams. Organized sector meetings, rated analysts, set up common research reposit...
Merrill Lynch Real Estate FundSenior Portfolio ManagerNov 1997 to May 2001
Hired to manage a new REIT fund. Strong first-year performance followed by two sub-par years and lack of market growth led to fund closure in 2001.
AEW Capital ManagementManaging DirectorJan 1995 to Oct 1997
Hired to build a team to manage REIT portfolios. Grew business from zero to approximately $650 million in less than three years. Worked with head of marketing to call on consultants and institutional ...
The Crabbe-Huson CompanyPartnerApr 1986 to Dec 1994
Managed several funds in areas encompassing money markets, short-term government bonds, intermediate fixed income, Oregon municipals bonds and REIT securities. Participated in marketing presentations ...
Black & CompanyEquity Research AnalystJan 1984 to Mar 1986
Analyzed and published stock research on northwest regional companies.

Education

Columbia Business School

MBA, Finance

1981 1983

Pomona College

B.A., Biology

1977 1981

Skills & Expertise

Portfolio Management
Asset Allocation
Hedge Funds
Alternative Investments
Asset Managment
Investments
Equities
Venture Capital
Securities
Equity Valuation
Asset Management
Institutional Investments
Mutual Funds
Private Equity
Bloomberg
Investment Strategies
Trading
Equity Research
Valuation
Fixed Income
Series 63
ETFs
Bonds
Investment Management
Wealth Management
Emerging Markets
Derivatives
Funding
Real Estate
Fund Of Funds
Series 7
Capital Markets
Structured Products
Investment Banking
Due Diligence
Options
Financial Risk
Financial Markets
Financial Modeling
Investment Advisory
Financial Advisory
Financial Structuring
Equity Trading
Fishing
Business Development
Institutional

Others at Tiff Advisory Services Inc. (10)

NameRoleLocation
Alexander Barenboim
Alexander Barenboim
Client Portfolio AnalystUnited States
D
Damiano Cuppone
Investment AnalystBrookline, MA , United States
N
Nicholas Lam
Private Equity AnalystBoston, MA , United States
Aanya Parikh
Aanya Parikh
Investment AnalystNY , United States
C
Chris Matteini
AnalystWeston, MA , United States
Daniel Wilkinson
Daniel Wilkinson
Investment AnalystDevon, PA , United States
Jessica Bolster
Jessica Bolster
Investment Team - Trading and Portfolio ConstructionBoston, MA , United States
Joseph Wana
Joseph Wana
Investment AnalystBoston, MA , United States
K
Kyle A.
Senior AnalystPhiladelphia, PA , United States
O
Oliver Bardon
Risk and Portfolio ManagerBrookline, MA , United States

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