The Fund Evaluation Group (FEG) has poached an endowment CIO
veteran to build out its outsourced-CIO (OCIO) arm.
Michael Condon, most recently CIO at Southern Methodist
University, has been appointed OCIO senior vice president at FEG, a newly
“The depth of [Condon’s] experience from an investment and industry
standpoint will be a valuable asset to our clients,” Rebecca Wood, FEG’s
managing principal and head of consulting, said in a statement. “Mike
personally knows the challenges of balancing the day-to-day demands of an
investment office with the long-term mandate of intergenerational equity.”
Condon spent seven years at Southern Methodist University leading
a 15-person team responsible for the $1.5 billion endowment. According to his LinkedIn,
he left the Dallas, Texas-based school in March.
Previously, Condon was CIO for the $1.1 billion University of
Arkansas Foundation for one year. He also spent 10 years at the Georgia Tech
Foundation, growing the endowment from $440 million to $1.5 billion during his
Condon holds an MBA from Louisiana Tech University and a
bachelor’s degree from the University of South Alabama.
According to CIO’s 2016 OCIO buyer’s guide, FEG had $4
billion in full discretionary assets and 80 US clients at the end of January.
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