Scott Richland will be stepping down as CIO at Caltech on Dec. 31, 2024, according to a letter to the Caltech community from Thomas Rosenbaum, the Sonja and William Davidow Presidential chair and professor of physics.
Richland has grown Caltech’s assets under management from $1.6 billion when he joined in 2010 to almost $4.6 billion today. Caltech has an allocation to real assets, which primarily consists of real estate, energy and commodities.
Rosenbaum wrote that he has appointed a joint trustee, faculty and staff committee to conduct a national search to recommend a successor.
To read the full letter from Rosenbaum, click here.