By Muskan Arora
Effective January 2025, Mark Baumgartner
will serve as CEO/CIO for the $6bn University of Florida Investment Corporation.
Baumgartner will succeed Bill Reeser, the current
CIO/CEO, who will be retiring at the end of this year. The retirement was
announced earlier this year to provide the board of directors with a window to
look for his successor.
Reeser has been in the role since 2014, and during his tenure, the assets grew from $2.7bn to over $6bn currently.
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“Mark Baumgartner’s decades of experience in investments make him an excellent choice to lead UFICO,” said Kent Fuchs, UF interim President.
“He is well known in the industry, and I am
confident he will provide the steady and assured guidance that is needed in
such an important position,” added Fuchs.
Prior to this, Baumgartner has held multiple CIO roles. He was, most recently, the CIO of the single-family office for Ray Dalio, co-CIO of Bridgewater Associates, in New York for over two years, as well as CIO of the Carnegie Corporation, and CIO of the Institute for Advanced Study, where he built an entire portfolio based on Alts.
Over the years, he has also held
positions as board member at Scientific Technologies, the Investment Fund for Foundations and YMCA Retirement Fund.
