Jay Willoughby

Experience

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  Black & Company

  Jan 1984 - Mar 1986

  Equity Research Analyst

  Analyzed and published stock research on northwest regional companies.

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  The Crabbe-Huson Company

  Apr 1986 - Dec 1994

  Partner

  Managed several funds in areas encompassing money markets, short-term government bonds, intermediate fixed income, Oregon municipals bonds and REIT securities. Participated in marketing presentations to institutions and high net-worth individuals. Helped grow the business twelve-fold during tenure.All performance results were strong.

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  AEW Capital Management

  Jan 1995 - Oct 1997

  Managing Director

  Hired to build a team to manage REIT portfolios. Grew business from zero to approximately $650 million in less than three years.Worked with head of marketing to call on consultants and institutional clients directly. Client list grew to approximately ten large institutions and a small hedge fund. All performance results were strong.Also wrote a quarterly piece for the Institutional Real Estate News Letter.

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  Merrill Lynch Real Estate Fund

  Nov 1997 - May 2001

  Senior Portfolio Manager

  Hired to manage a new REIT fund. Strong first-year performance followed by two sub-par years and lack of market growth led to fund closure in 2001.

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  Head of Research - MLIM Equity Funds

  May 2000 - Aug 2006

  Head of Research for Equity Funds

  Worked with the President and the CIO of equity funds to improve coordination of analytical efforts across fund analyst teams. Organized sector meetings, rated analysts, set up common research repository for idea sharing and managed internally funded "analyst best ideas" fund. Interviewed and assisted in hiring of portfolio managers and analysts, and participated in fund re-organization discussions. MLIM fund family improved in Barron's Fund Family rankings from bottom quartile to top quartile during tenure. Also served as portfolio manager of outperforming Socially Responsible Fund and MLIM's Exchange Fund. Show less

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  MLIM Private Investors

  Apr 2003 - Aug 2006

  Chief Investment Officer

  Managed 160 person high net-worth business for MLIM with approximately $40 billion in AUM. Re-organized 21 office, 50 portfolio manager business to turn asset losses of $2 billion per year into asset gathering of $2 billion per year and improved consistency and performance of entire asset base. Streamlined and augmented offerings; coordinated with fixed income, equity and trading; and strengthened PM asset allocation, portfolio customization and presentation skills to enable better coordination with sales team.Made presentations to large groups of Merrill Lynch financial advisors highlighting platform capabilities and strengths. Responsible for content of monthly client publication. Show less

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  Ironbound Capital Management

  Sept 2006 - Oct 2011

  Co-Managing Partner

  Recruited to become co-managing partner by a former Merrill Lynch Investment Managers colleague. Ironbound is a mid-size global long-short, long-biased equity hedge fund. Responsible for coordination and oversight of all trading and risk functions as well as coordination of operations. Actively participate in marketing and client presentations and contribute long and short ideas to the fund. After my arrival the fund outperformed consistently through October 2008. Directly managed a five percent carve-out from January 2008 to October 2008 which outperformed benchmark dramatically and a two percent carve-out from May 2010 to year-end which outperformed benchmark meaningfully. Show less

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  Alaska Permanent Fund

  Nov 2011 - Oct 2015

  Chief Investment Officer

  • Responsible for all investment activities of a fully diversified $50+ billion sovereign wealth fund, investing across public and private debt (sovereign, inflation linked, corporate, asset backed, high yield, EM) public and private equity, public and private real estate, public and private infrastructure, hedge funds, direct investments and special opportunities across all geographies.• Primary investment responsibilities include portfolio design and benchmarking, asset allocation, prioritizing investment projects, mandate creation, manager due diligence selection and monitoring, external contract negotiation and structuring, coordinating resources with outside vendors/partners, maintaining the integrity of investment processes, understanding benchmarks and sources of incremental return and ultimately the generation of superior investment performance.• Primary leadership responsibilities include working with the Executive Director and Board of Trustees to develop a shared performance goal and vision of the strategic asset allocation framework for the fund, communicating this vision in a compelling manner enabling the fund to attract and retain the most talented professionals, interview evaluate and hire the best people, foster a high integrity positive and upbeat collaborative internal work environment to maximize contribution and performance of 15 person investment staff while representing the organization to the outside investment world.• Performance has exceeded benchmarks while internal capabilities and external mandates continue to be enhanced. Show less

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  TIFF Investment Management

  Oct 2015 - now

  Chief Investment Officer