7.03.2011

William W. Jennings

William W. Jennings is Professor of Finance and Investments at the U.S. Air Force Academy. Dr. Jennings is the principal finance educator—overseeing instruction to over 800 students per year—and senior civilian management instructor. He has served in roles analogous to associate dean in a typical business school and led the Management Department's successful AACSB accreditation effort.


Dr. Jennings serves the community via various investment committees overseeing over $20 billion in endowment and pension funds. In this capacity he has had both operational and oversight experience across a range of fiduciary investment management activities in both traditional and alternative investments.



His research interests focus on portfolio management. Recently, he has undertaken research on alternative investments, investment policy, socially responsible investment and health care investing. He has also done significant research on portfolio management for taxable investors, and is co-author of Integrating Investments and the Tax Code, which was published by J.K. Lasser in 2003.



Dr. Jennings previously worked as a private equity analyst and sports valuation analyst at Arthur Andersen & Co. He is a Chartered Financial Analyst charterholder and is licensed as a Certified Public Accountant in Michigan. His doctorate is from the University of Michigan.

7.01.2011

William Jennings' Investment Committee Service

Dr. Jennings currently serves as member of or counsellor to eight investment committees or boards.

These boards have oversight of over $20 billion in endowment and pension funds.

In these capacities, he has:
  • conducted an asset-liability study and developed a surplus management policy
  • conducted and analyzed asset allocation studies
  • developed and revised Investment Policy Statements
  • conducted manager searches
  • transitioned endowments to a multi-manager structure, and vice versa
  • formulated watch-list criteria
  • evaluated general investment consultants
  • evaluated real estate investment consultants
  • analyzed enhanced indexing vehicles
  • analyzed hedge fund of funds
  • analyzed direct energy investments
  • analyzed diversifying asset classes
  • reviewed target date funds
  • reviewed defined contribution investment menus
  • ... among many other activities
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