Tim Viezer, Phd, Cfa, Caia, Prm, Aifa Email & Phone Number

Oxford, Oh, Us

• Steward/staff for University, Foundation, and pension assets totaling $2.1 B. Briefed Investment Committee.• Revised endowment and non-endowment Investment Policy Statements and Investment Committee Charter. • Coordinated Enterprise Risk Management (ERM) for the Foundation. • Conducted formal reviews of fiduciary practices of the Investment Committee, Staff, and OCIO.• Built an integrated financial endowment model that estimates the impact of changes in cash gifts, investment returns, and spending rate on total philanthropic value, market value, and distributions to the university. Stress tested the results using Monte Carlo analysis. Built an optimization and scenario evaluation model to assist asset allocation of the 3-tiered non-endowment.• Assisted Retirement Plan Advisory Committee meetings and post issuance tax exempt bond compliance.

Us

• Hired as the inaugural Chief Investment Officer (CIO) to oversee the Employees Retirement System of the Sewerage & Water Board's pension assets which include Global Equity, Fixed Income, Real Estate, and Hedge Funds totaling $225 M. • Conducted an Asset-Liability study. Devised and wrote a funding policy that cut the time to 100% funding by a third and could save the plan sponsor over $70 M. Wrote a formal investment philosophy and a statement of risk appetite.• Improved governance for a complex hybrid organization. Resuscitated the Board of Trustees’ Pension Committee and Board of Directors’ Audit Committee and Governance Committee. Rebuilt communication, trust, and teamwork among stakeholders throughout multiple leadership transitions (8 executive directors during my 18-month tenure).• Assisted executive management on multiple special projects for the plan sponsor. Introduced Enterprise Risk Management and wrote an RFP to establish comprehensive internal controls for the plan sponsor.

Raleigh, Nc, Us

• Managed portfolios totaling $41 B (42% of total) including Global Public Equity and Hedge Funds. Oversaw currency overlay, proxy voting, securities lending, and assisted securities litigation. • Conducted due diligence, negotiated contracts, and built a $2.5 B managed account platform for hedge funds that provided transparency, liquidity, control, $7 M per year in fee savings, investor-friendly terms, and manager accountability. Created synthetic hedge fund exposure that preserved $168 M in value by quickly and prudently implementing exposure. As Managed Account Platform project sponsor oversaw 5 firms and 44 people. • Member of a 9-person Investment Committee that provided strategic and tactical Asset Allocation for the nation’s 13th largest pension. Member of the Investment Operating Committee and Corporate Governance Committee. • Assisted the oversight of an additional $8 B in defined contribution assets. Hired a consultant to help design a governance structure for an unbundled, fully delegated 3(38)-style plan that was sustainable in the face of staff turnover, cost-effective, and offered the Board flexibility in structuring the outsourcing.• Increased the shareholder activism of the Corporate Governance Committee by drafting a charter, hiring staff, and matching ambitions with resources. Hired U.S. and Japanese activist Hedge Fund managers.• Supervised a team of 7 including: 3 experienced Portfolio Managers, a Project Manager, an Investment Analyst, with matrix reporting from a Corporate Governance Analyst and an Attorney. Built trust and empowered a team that tripled project output.

Cincinnati, Ohio, Us

• Throughout entire tenure, had all powers granted to the Chief Investment Officer in his absence. Appointed as Acting Chief Investment Officer.• Managed portfolios totaling $575 M (85% of total) including 7 U.S. Equity, 6 International Equity, 6 Fixed Income, 4 Real Estate, and 13 Hedge Fund managers. Conducted due diligence and hired Private Equity managers.• Quarterly briefed Investment Committee members. Wrote an Investment Policy Statement that was complimented by the Investment Committee for its concise but clear "governance matrix."• Innovatively analyzed Asset Allocation strategies in various macroeconomic regimes by assembling 136 years of asset returns. This study combined with wide spreads in investment grade corporate bonds gave us the confidence to seize a fixed income opportunity in the financial crisis that outperformed by +600 bps on an annualized, net of fee basis over the next three years. Coordinated fund rebalancing and transitions. • Conducted due diligence, negotiated contracts, hired and fired external managers. Restructured hedge fund portfolio from a fund of hedge funds to direct investments; portfolio outperformed the HFRI Fund of Fund Index by an annualized +400 bps net of fees over the following three years.• Spearheaded the restructuring of the Treasury department; improving accuracy, timeliness, and efficiency and facilitating the ability to invest in private equity. Eliminated overly prescriptive investment policies that cost $14.5 M over 5 years for a $244 M operating cash portfolio.• Recruited, trained, and supervised a team of 2-4 Honors Student Investment Analyst Interns. Recruited and mentored a Senior Investment Officer. Team led an interdepartmental team of 6 people.

Columbus, Ohio, Us

• Managed portfolios totaling $7 B (60% of total) including 11 Domestic and 19 International Equity managers. Assisted portfolio management of Fixed Income.• Made over 88 Board presentations that entertained/informed/persuaded. Developed and facilitated a Joint-Trustee Orientation for 55 trustees from 6 systems as part of an inter-system team. • Managed and analyzed Asset Allocations and coordinated fund rebalancing and transitions.• Championed the use of Hedge Funds, researched and evaluated, and assisted the strategy and manager and due diligence related to the creation of a $500M absolute return Hedge Fund portfolio.• Conducted due diligence, negotiated contracts (including ISDAs), hired and fired external managers. Restructured Non-US Equity portfolio outperformed annualized +170 bps over 3 years raising the batting average from 40% to 70% and peer ranking from 64th percentile to top 16th percentile. Oversaw currency overlay, commission recapture, proxy voting, securities lending, and securities litigation. • Spearheaded the restructuring of investment operations improving accuracy, increasing relevant information for decision-making, and moving timeliness from dead last to top quartile. This prevented $3.6 M in daily losses due to slow reaction in volatile markets. Supervised construction of an intranet; delivered on-time, under budget, and exceeded expectations. Reduced storage and processing costs and improved document retrieval for public information requests.• Supervised a team of 3: Investment Officer, Investment Analyst, and Intern. Led interdepartmental teams of 6-8 people. Authored career paths and development plans to create a stable and productive team that was still in place after a decade. Completed 18-month Emerging Leader Development program.

Columbus, Ohio, Us

• Taught undergraduate and graduate courses in economics, finance, investments, and statistics. • Taught at The Ohio State University, Franklin University, Otterbein College, Capital University, Columbus State Community College, Ohio Dominican, College, Baldwin Wallace College, and Cuyahoga Community College.• Guest lectured at Miami University (2019-present): Portfolio Management (FIN 403) and Real Estate Investment and Finance (FIN 431) and assisted with reviewing IPS, participated on a panel of judges evaluating student stock pitch presentations, and facilitating trades for Student Managed Investment Fund (FIN 481).

Columbus, Oh, Us

• Published 10 articles on Real Estate investment in academic and professional journals.• Built an econometric model of 200 Real Estate markets to forecast Real Estate returns which integrated rental and capital markets. The model solved a long-standing industry analytical problem and was used to recommend target markets for investment. • Estimated within-Real Estate Asset Allocation using classic mean-variance optimization and Monte Carlo analysis. Developed "diversification hurdle rates" that adjusted the insights from Modern Portfolio Theory to the realities of an illiquid and lumpy asset class.• Generated portfolio performance reports, performance attribution, and risk analyses.• Recruited, team-led, and mentored up to 6 researchers on several projects.

Washington, District Of Columbia, Us

• As a full-time doctoral student, assisted research and co-authored monographs on public utility regulation.

Akron, Oh, Us

• Worked at Centerior Energy Corporation, which merged with Ohio Edison Company in 1996 to form First Energy.• Econometrically forecasted electrical energy sales and revenues.• Briefed senior management on economic conditions and wrote a monthly economic newsletter that was quoted in the media. Participated on the Federal Reserve Bank of Cleveland's Fourth District Economist Roundtable.• Conducted business intelligence on factories in the automotive, chemical, glass, and steel industries for rate negotiations.• Worked as a case study for the Electric Power Research Institute's Industrial End-Use Planning Methodology (INDEPTH) for forecasting industrial electrical energy usage.• Wrote testimony for regulatory hearings. • Staffed for the Vice President of Human Resources and Strategic Planning.• Hired as a Consulting Economist after departure to pursue full-time doctoral studies. Estimated local manufacturing output by SIC as an input to Centerior's sales forecasting.

Phd, Agricultural (Applied) Economics With A Concentration In Finance

Master Of Arts (Ma), Political Science

Master Of Arts In Economics (Mae), Economics

Bachelor Of Arts (Ba), Political Science

Bachelor Of Business Administration (Bba), Economics