Adelphi, Goldman Sachs Establish New Relationship
Garden City, NY (07/16/2020) — Adelphi University is pleased to announce that this month the University's board of trustees appointed Goldman Sachs as its Outsourced Chief Investment Officer. In this role, the company will work with Adelphi's Finance and Investment Committee to manage the University's endowment fund, effective July 1, 2020.
"Adelphi's administration and the board recognized that the volatility in today's financial markets required a more sophisticated and active approach to managing our endowment fund," said James Perrino, executive vice president of finance and administration at Adelphi. "We are excited to be working with Goldman Sachs and look forward to benefiting from their expertise and breadth of service offerings."
Perrino added, "We believe that adopting this new investment model will allow the University to react more timely to market conditions and provide us with a greater opportunity to maximize our investment returns given our tolerance for risk."
"We are pleased to be trusted with this crucial mandate and look forward to supporting the University and its endowment in their mission," said John Mallory, global head of Goldman Sachs Institutional Client Solutions. "As with all of our clients, we will seek to ensure that Adelphi and its community benefits from the reach and resources of our global franchise."
About Adelphi: A modern metropolitan university with a personalized approach to higher learning
Adelphi University, New York, is a highly awarded, nationally ranked, powerfully connected doctoral research university dedicated to transforming students' lives through small classes with world-class faculty, hands-on learning and innovative ways to support academic and career success. Adelphi offers exceptional liberal arts and sciences programs and professional training, with particular strength in our Core Four-Arts and Humanities, STEM and Social Sciences, the Business and Education Professions, and Health and Wellness.
Recognized as a Best College by U.S. News & World Report, Adelphi is Long Island's oldest private coeducational university. It serves almost 8,000 students at its beautiful main campus in Garden City, New York-just 23 miles from New York City's cultural and internship opportunities-and at dynamic learning hubs in Manhattan, the Hudson Valley and Suffolk County, as well as online.
More than 116,000 Adelphi graduates have gained the skills to thrive professionally as active, engaged citizens, making their mark on the University, their communities and the world.
Media Attachments
Adelphi University / New York
Taylor Damian, 516-993-5677, tdamian@adelphi.eduShare this Story
Recent News
- Adelphi Named to Phi Theta Kappa's 2025 Transfer Honor Roll
- Adelphi PAC Fall Season Lineup Announced - Tickets Now on Sale
- Adelphi Named a 2025-2026 College of Distinction for Excellence in Student-Centered Approach to Undergraduate Education
- Adelphi University's Robert B. Willumstad School of Business Named to Princeton Review's List of Best Business Schools
- $2.3 Million Federal Grant Renewal for Adelphi's IDEATE Fellowship Enhances Integrated Behavioral Healthcare Training
- Adelphi Second Summer Session Begins July 7: Enroll Now for Exciting Courses
- Adelphi University Partners with Audacia Foundation and 1199 SEIU to Offer Fully Funded Scholarships for Healthcare and Social Service Careers
- Adelphi Launches Graduate Program in Artificial Intelligence and Machine Learning
- Adelphi's Student Newspaper Wins Three Awards at 2025 PCLI Media Awards
- S&P Reaffirms Adelphi's A-, Stable Bond Rating