Operating funds and other short-term assets are invested and managed by the Office of the Treasurer. For more information about these types of assets, please visit the Treasurer website.
The university's financial accounts are maintained in accordance with United States general accepted accounting principles (GAAP). The financial statements are produced by the Controller's Office and audited by an independent auditor.
The Office of Investments oversees the investment of long-term financial assets at Case Western Reserve University, including:
Endowments and related funds;
Long-horizon operating assets; and
Staff retirement and savings plans.
Led by Chief Investment Officer Tim Milanich, five professionals source and examine potential investments across global markets and construct portfolios appropriate to the stated goals and/or liabilities of the assets.
The Office of Investments staff reports to the chief financial officer. Investment policy for endowments is established by the Investment Committee of the Board of Trustees. Investment policy for pension and retirement savings plans is established and overseen by the Retirement Oversight Committee.
As of June 2020, assets under management or oversight by the Office of Investments staff totaled about $3.9 billion dollars with approximately 50 percent in a long-term investment pool; 50 percent in staff pension assets and retirement savings plans; and the balance in other long-term horizon assets.
Operating funds and other short-term assets are invested and managed by the Office of the Treasurer.