Endowment under new management
With the creation of the Rice Management Company at the beginning of this month, the endowment received a new organization to oversee its investments. The new organization will be headed by President of the Rice Management Company Scott Wise, formerly the vice president for investments, and a 10-member board of directors. Of the 10 members, seven currently serve on the Rice Board of Trustees and comprise part of a finance committee within the board, while the other three were recruited from outside the university, based on their background in financing, Wise said.