Key Takeaways
- • Daniel P. Ricciardi '06, investment officer at the College of the Holy Cross, was named to Trusted Insight's list of the "Top 30 University Endowment Investors in Hedge Funds."
- • Ricciardi joined the College as an analyst in 2008 and rose to investment officer, overseeing a $730 million endowment as part of a three-person team.
- • Ricciardi says the college evaluates hedge fund managers on long-term strategy, investment philosophy and firm culture, and treats managers as partners rather than sources of funding.
- • Publisher context dates the Trusted Insight recognition to October 2015, and one publisher listing gives his title as Associate Vice President for Investments.
Summary
Daniel P. Ricciardi '06, an investment officer at the College of the Holy Cross, was named to Trusted Insight's list of the "Top 30 University Endowment Investors in Hedge Funds," according to a Holy Cross Magazine profile. Ricciardi started as an analyst for the College in 2008 and later became an investment officer. He oversees a $730 million endowment as part of a three-person investment team.
Ricciardi began his career path as a history major intending to become a history professor. He decided to gain experience outside academia before pursuing a Ph.D., and spent a couple of years at BNY Mellon, where he found he enjoyed financial services. He tells Trusted Insight that the experience was a surprise and led him to a career in finance.
In describing the college's approach to hedge funds, Ricciardi emphasized a focus on long-term investment horizons. He said the college looks for managers with a long-term strategy, a clear investment philosophy and a strong firm culture. "Our best managers are always curious about how we see the world and view the relationship as a partnership, not as a source of funding," he said.
Ricciardi also teaches a class for non-finance majors at the College aimed at translating the language of finance into the language of the liberal arts. The profile highlights his commitment to service, including his advocacy for people with disabilities, and his comments on Pope Francis's visit to New York, which he praised as an example of the Jesuit commitment to the world's poor and suffering. The Trusted Insight article itself is login-restricted, and the publisher's context places the recognition in October 2015.
Ricciardi began his career path as a history major intending to become a history professor. He decided to gain experience outside academia before pursuing a Ph.D., and spent a couple of years at BNY Mellon, where he found he enjoyed financial services. He tells Trusted Insight that the experience was a surprise and led him to a career in finance.
In describing the college's approach to hedge funds, Ricciardi emphasized a focus on long-term investment horizons. He said the college looks for managers with a long-term strategy, a clear investment philosophy and a strong firm culture. "Our best managers are always curious about how we see the world and view the relationship as a partnership, not as a source of funding," he said.
Ricciardi also teaches a class for non-finance majors at the College aimed at translating the language of finance into the language of the liberal arts. The profile highlights his commitment to service, including his advocacy for people with disabilities, and his comments on Pope Francis's visit to New York, which he praised as an example of the Jesuit commitment to the world's poor and suffering. The Trusted Insight article itself is login-restricted, and the publisher's context places the recognition in October 2015.
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