Manager Selection Criteria

  1. Investment Philosophy
    1. Coherence
    2. Faithfulness of execution
    3. Fit with Endowment's structure and objectives
  2. Performance Record
    1. Against the market
    2. Against other managers
    3. Against other managers of similar philosophy
  3. Personnel
    1. Experience of professional personnel
    2. Time that the group has been together
    3. Financial incentives
    4. Availability of key personnel
    5. Interest in Notre Dame
    6. Personal chemistry with Notre Dame's investment staff and Investment Committee
  4. Organization
    1. Appropriateness of asset size (current and planned) and philosophy for the Endowment
    2. Degree of administrative complexity as evidenced by account size and discretion
    3. Similarity of clientele or familiarity with Endowment characteristics
    4. Research capability (as required by philosophy)
    5. Financial and ethical viability