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    Investment Office

    The Investment Office is responsible for the oversight of the College’s endowment and defined benefit pension plan. 

    The purpose of the endowment is to provide sustainable financial support to existing operations as well as to provide for future generations of students, faculty and staff. 

    The goal of the investment office is to maintain the endowment’s real value by generating average annual real returns that meet or exceed the spending rate after inflation, management fees, and administration costs (Consumer Price Index + 5%). 

    The endowment is managed according to the Investment Policy, a governing document that outlines the objectives, spending policy, asset allocation, risk management, and long-term goals of the endowment. 

    The Investment Office works alongside the Investment Committee, a subcommittee of the Board of Trustees, to create and amend the Investment Policy and oversee the management and investment of the assets of the endowment. 

    o'kane hall

    Endowment Market Value

    As of June 30, 2019, the market value of the Holy Cross endowment was $785.9 million.

    Staff

    Daniel Ricciardi '06

    Interim Chief Investment Officer and Assistant Treasurer
    Phone:     508-793-3714
    Office: O'Kane 175 P.O. Box: INVEST
    Email: dricciar@holycross.edu 

     

     

     

    About Dan Ricciardi

    As part of the team managing the endowment and pension assets of the College, Dan focuses on asset allocation and the selection and monitoring of investment managers across all asset classes. In addition to his investment responsibilities, Dan is also a lecturer in the College’s J.D. Power Center for Liberal Arts in the World, where he teaches courses on corporate governance and corporate social responsibility. He joined the College's investment team in 2008.  Before Holy Cross, Dan was a trust supervisor at BNY Mellon Asset Servicing. He currently serves as treasurer of Catholic Charities of Worcester County, where he is also a board member and previously served as treasurer of Worcester Community Housing Resources. In 2016 he was named a Rising Star by Institutional Investor's Investor Intelligence Network, and in 2015 he was named by Trusted Insight as a Top 50 University Endowment Investor in Hedge Funds.  Dan graduated magna cum laude from the College of the Holy Cross, where he was a Fenwick Scholar and elected to Phi Beta Kappa, and earned his MBA with distinction from Boston College’s Carroll School of Management, where he was elected to Beta Gamma Sigma.

    Tim Jerome – Investment Fellow
    Donna Cranshaw – Executive Assistant

    Location

    O'Kane Hall, Room 175
    Phone: 508-793-2515
    Fax: 508-793-2336
    P.O. Box: INVEST
    investments@holycross.edu