Bowdoin College announced Tuesday the promotion of Boris Raykin to CIO, following a nationwide search to replace K. Niles Bryant, who left the fund in March for a position at family office Sutton Place Ltd.
Raykin, who joined the endowment as director of investments in the endowment’s New York office in 2021, will now lead management of the $2.9 billion fund’s marketable-securities portfolio, which includes absolute return strategies and public equities.
The endowment—one of the highest-performing in fiscal 2025—returned 15.3% that year, and it has reported annualized returns of 8.8%, 13.5%, 11% and 10.7% over the last three, five, 10 and 20 years, respectively.
Bryant announced his departure last December. The Brunswick, Maine-based college partnered with search consultant SpencerStuart to find a replacement.
“Boris’s appointment follows a comprehensive national search that attracted a strong pool of candidates,” wrote Bowdoin President Safa Zaka in a letter sent to college faculty. “His investment expertise, institutional knowledge, and commitment to Bowdoin’s mission make him an excellent choice to succeed Niles Bryant in this role.”
Prior to joining the endowment, Raykin ran his own firm, Ray Research, and was director of public markets at Willett Advisors LLC, which manages the personal and philanthropic assets of Michael Bloomberg and Bloomberg Philanthropies. He also led manager selection and asset allocation for equities and real assets at family office Granite Associates and was a director at Citi Private Bank.
Raykin earned both a bachelor of science degree and a master of engineering degree in electrical engineering and computer science from the Massachusetts Institute of Technology.
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$2.9B Bowdoin College Endowment Seeks CIO |
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Bowdoin College Endowment Returns 15.3% in Fiscal 2025 |
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Bowdoin College Names K. Niles Bryant CIO |
Tags: Bowdoin College