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Seth Alexander to Succeed Bufferd

Seth Alexander has been chosen by the Board of the MIT Investment Company as the next IMC president, according a MIT News Office press release. Alexander, who is currently a director of the Investment Office at Yale University, will take over the position for Allan S. Bufferd ’59, treasurer of the MIT Corporation and the first IMC president, on May 15, 2006, said the press release. The IMC manages MIT’s endowment.

Theresa M. Stone, chair of the IMC board of directors, said that “Seth Alexander brings outstanding strategic, analytical, and personal qualities to his new position. The IMC Board is confident that he will continue the highest standards of investment excellence and commitment to the mission of MIT that Allan Bufferd and his Investment Office colleagues have exemplified,” according to the press release.

Alexander has worked with the Yale Investment Office for more than ten years and according to the press release, “has been deeply involved in the management of the university’s investments and portfolio strategy, and has particular expertise in marketable securities, timber, asset allocation, hedge funds and international investments.”

Yale has had exceptional investment performance over the past 20 years among university endowments, the press release stated.

Marie Y. Thibault