DUMAC

DUMAC provides investment management services to Duke University and affiliated organizations, including the university's endowment, its defined-benefit pension assets, Duke University Health System's investments, and the assets of the separately governed Duke Endowment charitable trust. The office targets a real rate of return net of fees sufficient to sustain its distributions over the long term, using a patient, long-horizon approach.[Firm website]

Duke's student and faculty investment-advisory committee process, through which the community can petition DUMAC on investment questions, has drawn coverage examining how the mechanism works and what distinguishes a successful petition.[Duke Chronicle]