University of Chicago to begin search for endowment CIO

Mark Schmid, who has served as vice president and chief investment officer at the University of Chicago since 2009, has announced his plans to retire as of September 1.

The university’s endowment has grown from $4.9 billion in 2009 to more than $10 billion today, officials said.

“I am grateful for all of Mark’s contributions to the University, and for his service as an insightful and trusted colleague,” Robert Zimmer, president of the University of Chicago said in a statement.  

The endowment has retained a substantial allocation to alternative . . .

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