Institutional Investor magazine named University Vice President and Chief Investment Officer Scott Malpass its Large Endowment Manager of the Year, according to a University press release Sunday.
The award recognizes U.S. institutional advisors whose "innovative strategies and fiduciary savvy resulted in impressive returns" over the past year.
"Notre Dame is so fortunate to have an investment professional of Scott's caliber, and I congratulate him on this well-deserved recognition for his work," University President Fr. John Jenkins said in the release.
"Under Scott's leadership, Notre Dame has established an international reputation for being prudent stewards of its investment resources."
Malpass, who began serving as Notre Dame's chief investment officer in 1989, is responsible for the investment of the University's endowment, working capital, pension and life income assets of $6.2 billion.
The endowment is the 14th largest in American higher education and the largest at a Catholic university, according to the release.
During the past 15 years, Notre Dame experienced a 12.1 percent annualized return on its endowment pool. Malpass led the University to recognition for its innovation in international, private capital and alternative investing. Under his leadership, Notre Dame also developed a philosophy of building relationships with leading investment management firms while identifying niche investment opportunities.
University Executive Vice President John Affleck-Graves said Malpass contributed to the success of many financial initiatives at Notre Dame.
"This truly exceptional performance attests to Notre Dame's ceaseless commitment to be good stewards of the funds entrusted the University by its donors," Affleck-Graves said. "Thanks in no small part to excellent stewardship by Scott and his team, we are able to make steady, and in some instances, transformational progress: meeting the demonstrated financial need of our students, establishing new endowed chairs to attract exceptional faculty, expanding the collections of our Hesburgh Libraries and so much more."
Malpass will be honored alongside seven other winners May 16 at the Mandarin Oriental hotel in New York City.
"I've very thankful, not only for this award, but for the Notre Dame alumni, parents and friends who entrust us with their gifts," Malpass said. "And those gifts — large and small — have allowed this University to grow and flourish."
I'm also blessed with a wonderful team of professionals who are deserving of this award as anyone else," he said.
