Duke Management Company (DUMAC)

In 1989, Duke University's Board of Trustees approved the formation of Duke Management Company (DUMAC) as a separate, non-profit support corporation of Duke University. DUMAC recommends investment policy and strategy, seeks and analyzes specific opportunities, and manages ongoing operations and activities. DUMAC operates under a cascading delegation of authority from the Board of Trustees and the DUMAC Board of Directors.

From the description of Duke Management Company (DUMAC) records, 1980-1993. (Duke University Library). WorldCat record id: 163168465

In 1989, Duke University's Board of Trustees approved the formation of Duke Management Company (DUMAC) as a separate, non-profit support corporation of Duke University. Solely responsible for managing the University's investment assets, DUMAC operates under a cascading delegation of authority from the Board of Trustees and the DUMAC Board of Directors. DUMAC recommends investment policy and strategy, seeks and analyzes specific opportunities, and manages ongoing operations and activities. Located in nearby off-campus facilities, the professional staff is organized around functional investment areas of public investments, hedged strategies, private investments, and operations/administration. The CEO of DUMAC from its inception until 2000 was Eugene McDonald. During the period these boxes cover, McDonald was also Senior Vice President and University Counsel at Duke; the boxes in this collection therefore also contain papers related to the duties of those offices.

From the guide to the Duke Management Company records, 1980-1993, (University Archives, Duke University)