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Chief investment officer retires

By The Mercury

David Weaver announced his retirement as chief investment officer for the Kansas State University Foundation effective Dec. 31.

Weaver earned a bachelor’s degree in business administration from Kansas State University in 1970. He has more than 40 years of experience in agricultural, commercial and residential real estate and more than 20 years in portfolio management.

Weaver has been employed at the Foundation since January 1983. Since 1992, Weaver has overseen management of the portfolios of pooled investments for endowed and expendable funds. He serves on the investor advisory boards of an institutional real estate fund, two institutional private capital funds and as president of a private investment company. Weaver is also a member of the Little Apple Optimist Noon Club in Manhattan.

Weaver was instrumental in establishing an investment manager selection process, including monitoring and evaluation, through creation of policies and procedures governing the process. 

Weaver will be succeeded by Lois Cox, who has served as director of investments since January 2005. Beginning in July, as Weaver enters phased retirement, Cox will take over as chief investment officer.

Prior to joining the Foundation, Cox was involved in the investment management of a $1 billion portfolio at Kansas Farm Bureau and Affiliated Companies and was a principal in FB Capital Management, a registered investment advisor. 

Cox currently serves as a member of the board of trustees for the Kansas Public Employees Retirement System and is president-elect of the Finance Advisory Board for the Kansas State University College of Business Administration, where she also serves as an executive mentor. She is a trustee of the Greater Manhattan Community Foundation and a member of the CFA Institute and CFA Society of Kansas City.

Cox earned a bachelor’s degree in business administration from Kansas State University in 1988.  She holds her chartered financial analyst designation and is a licensed certified financial planner.

The Foundation has more than $600 million assets, including an endowment pool of more than $375 million, and an expendable funds pool valued at $75 million. The foundation’s endowment pool is managed for the long term employing a global perspective and includes significant allocations to domestic, international developed and emerging markets equities, fixed income and alternative investments including absolute return and marketable alternatives, energy, commodities, real estate and timber.

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