October 27, 2010
The University of Virginia has picked Georgetown University's chief investment officer to manage the university's $4.6 billion endowment.
Lawrence Kochard will become chief executive of the University of Virginia's Investment Management Company on Jan. 1, U.Va. officials announced Tuesday.
Kochard, 54, started Georgetown's investment office in 2004. He has two graduate degrees in economics from U.Va.
Kochard will lead a 23-person staff to manage U.Va.'s $3 billion main endowment and about $1.6 billion in other assets held by university foundations. He succeeds Christopher Brightman, who resigned from the post earlier this year.
Before managing Georgetown's investments, Kochard was managing director for equity and hedge fund investments for the Virginia Retirement System from 2001-04. He previously taught at U.Va.'s McIntire School of Commerce.