Investment Staff

Douglas W. Phillips

Senior Vice President, Institutional Resources

Education Rutgers University, BA 1980
Rensselaer Polytechnic Institute, MBA 1991

Employment Financial Analyst, Management Planning, Princeton NJ (1980-1981)
Manager of Investment Administration, Princeton University (1982-1986)
Associate Treasurer / Treasurer, Williams College (1986-2000)
Senior Vice President, University of Rochester (2000-present)

Awards and Radio Clips 2010 NACUBO Rodney Adams Award for Endowment Management (Read his comments at the acceptance ceremony.)

2018 presentation at the NMS Conference in Scottsdale, AZ (Camp Fire Stories With Douglas Phillips.)

Bloomberg Audio Clips
On the University of Rochester Out History and Mission – April 2016
On Risk and the Unknown and Unexpected – December 2016
The Case for Optimism – March 2017
On Endowment Investment Strategy – June 2017
On the Role of Colleges and Universities in their Communities – October 2017
On Endowment Taxation – November 2017
On Higher Education and Healthcare – January 2018
On China – April 2018

Responsibilities Chief Investment Officer; responsible for asset allocation, risk program, portfolio construction, strategy, investment manager recommendations, consulting relationship and portfolio monitoring.
Principal liaison for investments with the University of Rochester community (faculty senate, Deans, University officers, development officers, and University affiliates). Oversees investment office staff.

Outside Activities MCIC (Investment Committee Chair), The Rotary Foundation of Rotary International (Investment Committee), and several not-for profit Boards or Investment Committees in Rochester.

Johnson

Joyce A. Johnson

Associate Vice President for Investments and Assistant Treasurer

Education University of Rochester, BA 1971

Employment Secretary to VP for Branch Administration & Operations Canal National Bank, Portland, Maine (1971-1974)
Secretary to Director of Marketing, Nalge Corporation Rochester, New York (1974-1975)
University of Rochester (1975-present)
Assistant Treasurer (1994-present)
Investment Officer (2001-2004)
Associate Vice President for Investments (2004-present)

Responsibilities Areas of concentration include publicly traded domestic and international equities and hedge funds; responsible for custodial bank relationship; primary investment liaison with Advancement Officers for deferred giving plans.

Outside Activities Investment Advisory Committee of Rivas Trust.


Insalaco

Richard C. Insalaco

Senior Investment Officer and Assistant Treasurer
Adjunct Professor of Finance at Simon School of Business

Education University of Rochester, BA 1984
University of Michigan, JD 1987, MBA 1996
CFA charterholder

Employment Corporate Attorney, Thelen et al/Titchell, Maltzman et al, San Francisco CA (1987-1994)
Trader/Senior Financial Analyst, Federal Reserve Bank of New York (1996-2006)
Investment Officer, University of Rochester (2006-2011)
Senior Investment Officer & Assistant Treasurer, University of Rochester (2011-present)
Adjunct Professor of Finance, Simon Business School, University of Rochester (2014-present)

Responsibilities Areas of concentration include fixed income, private equity, multi-strategy hedge funds, distressed, cash funds, and risk management; responsible for investment of operating capital.

Outside Activities Member, CFA Institute and CFA Society of Rochester; California, New York, and New Jersey bars. Member of not-for-profit boards in Rochester.


Groves2

Steven M. Groves

Investment Officer

Education SUNY Fredonia, BA & BS 1997
University of Rochester, MBA 2005

Employment Risk Management Analyst, Manning & Napier Advisors (1997-2000)
Investment Analyst, University of Rochester (2000-2004)
Investment Officer, University of Rochester (2004-present)

Responsibilities Area of concentration includes real assets.


Rahbari

Robert C. Rahbari

Investment Officer

Education University of Michigan, BA 1993
University of Chicago Law School, JD 1996

Employment Associate, Skadden, Arps, Slate, Meagher & Flom LLP (1996-2000)
Vice President Strategic Relations, Director, General Counsel, Ondotek Inc. (2000-2003)
Associate, Weil, Gotshal & Manges LLP (2003-2004)
Director, Ferro Capital LLC (2004-2006)
Co-Founder and Managing Director, RAS Capital Management (2006-2009)
Vice President, Private Bank, J.P. Morgan (2010-2013)
Investment Officer, University of Rochester (2013-present)

Responsibilities Areas of concentration include secondary investments and emerging markets; generalist across asset classes.

Outside Activities Investment Committee of Strong Museum; Member, New York bar.


Conway

John F. Conway

Manager of Investment Research

Education Saint John Fisher College, BS 2009
CFA charterholder

Employment Investment Analyst, Ashford Advisors, LLC (2010-2013)
Manager of Investment Research, University of Rochester (2013-present)

Responsibilities Conducts due diligence on new and existing investment managers and assists team of Investment Officers in identifying investment opportunities.

Outside Activities Member, CFA Institute and CFA Society of Rochester.

nicholas russo

Nicholas J. Russo

Investment Analyst 

Education SUNY Geneseo, BS 2014
Passed all three levels of the CFA Program

Employment Analyst, three+one advisors (2014-2015)
Portfolio Analyst, Ambruster Capital Management (2015-2018)
Investment Analyst, University of Rochester (2018-present)

Responsibilities Conduct due diligence on new and existing investment managers and assist team of Investment Officers in identifying investment opportunities.


stephanie westen

Stephanie Westen

Investment Analyst 

Education Duke University, BS 2005
Temple University, Master of Music 2008
University of North Carolina at Chapel Hill, Master of Accounting 2010
Certified Public Accountant

Employment Assurance Associate, RSM US LLP (formerly McGladrey LLP), Raleigh NC (2010-2012)
Performance Analyst, DUMAC, Inc. (Duke University), Durham NC (2012-2016)
Senior Internal Auditor, University of Rochester (2017-2018)
Investment Analyst, University of Rochester (2018-present)
Responsibilities Conduct due diligence on new and existing investment managers and assist team of Investment Officers in identifying investment opportunities.


Lancy

Tammy S. Lancy

Manager of Investment Operations

Education Roberts Wesleyan College, BA 1992

Employment Secretary, University of Rochester (1993-1995)
Administrative Assistant, University of Rochester (1995-2004)
Manager, Investment Operations, University of Rochester (2004-present)

Responsibilities Oversees production of investment reporting and supervision of support staff.


Werner

Glenn R. Dombrowski

Manager of Investment Administration and Reporting

Education Canisius College, BS 2008
Loyola University Maryland, MBA 2014

Employment Securities Analyst, Wells Fargo Corporate Trust (2012-2014)
Investment Operations Analyst, Johns Hopkins University (2014-2015)
Senior Investment Analyst, Rochester Regional Health (2016-2017)
Manager of Investment Administration and Reporting, University of Rochester (2017-Present)

Responsibilities Responsible for portfolio accounting, custodian relationship and performance reporting.


saunders_headshot

Andrea C. Saunders

Administrative Assistant

Education Monroe Community College, AAS 1999

Employment Secretary, University of Rochester (2004-2006)
Administrative Assistant, University of Rochester (2016-present)

Responsibilities Provides support to investment office staff.


RLO

Russell L. Olson

Investor In Residence

Education Rutgers University, BA 1954
Harvard Business School, MBA 1971

Employment Eastman Kodak Company (1954-2000)
Responsibility for Kodak Pension Fund (1971-2000)
Director, Pension Investments (1982-2000)
Consultant, University of Rochester, Institutional Investing (2005-present)

Outside Activities Consults with clients, serves on various investment committees in Rochester, including Strong Museum and Rochester Regional Health, and chairs the Children Awaiting Parents committee.