ELS24: Results From the 2023 NACUBO-Commonfund Study of Endowments

Charmel Maynard serves as the University of Miami's chief investment officer and treasurer. In this capacity, he leads the university’s efforts to invest assets, including endowment and pension funds. Maynard is also responsible for the university’s capital structure, including liquidity and debt issuances. Additionally, he manages treasury and cash management.

Maynard was previously a vice president with J.P. Morgan’s Investment Bank in New York City. During his 10-year career with J.P. Morgan, he focused on investment banking debt capital markets and leveraged finance, where he advised clients on capital structure solutions, deal structuring, and execution of syndicated revolving credit facilities, institutional term loans, and bond issuances.

Maynard holds a bachelor’s degree in political science from Amherst College.

Timothy T. Yates, Jr. heads Commonfund OCIO and is responsible for managing all aspects of Commonfund OCIO's business, which focuses exclusively on non-profit institutions. In this role, he leads a team of professionals that advise, implement, and monitor custom investment solutions for institutions with total assets under management of more than $15 billion. Yates is a member of the Commonfund OCIO Executive Group and serves on both the Commonfund Asset Allocation and Operating Committees.

Yates joined Commonfund as an associate in the CF Private Equity Associate Program. In 2003, he was a founding member of Commonfund's OCIO platform, where he was responsible for the design, tailoring, and implementation of total portfolio solutions. Additionally, he held several roles with CF Private Equity including having responsibility for custom accounts and serving as a senior member of the firm’s emerging markets private equity portfolio leadership team with a focus on Latin America.

Before joining Commonfund, Yates was an instructor of Spanish and Italian at Fordham Preparatory School in the Bronx, NY. He holds an MBA in finance with a designation in international business from Fordham University and a BA in modern languages from Trinity College. Yates is a member of the investment committee for St. Paul’s Church in Fairfield, CT, the Advisory Board of Girls Who Invest, a member of the Trinity College Board of Fellows, and the Board of Directors of Caroline House—a non-profit in Bridgeport, CT, focused on enabling women and children to reach the fullness of their potential through education in English language and life skills.

Stephanie Hughes is a senior reporter for the national radio show Marketplace, where she reports on business and economics, with a focus on education. She’s covered stories ranging from the effectiveness of technology used by schools to prevent violence to why theater majors are getting jobs writing for chatbots. Previously, Hughes worked as a producer for Bloomberg and before that at WYPR, the NPR affiliate in Baltimore, where she helped produce a year-long, multi-platform series on race, wealth, and poverty, which won a duPont-Columbia Award. Her work has also appeared in The New York Times, on NPR, and in Salon. She lives in Baltimore.

Kenneth E. Redd is senior director, research and policy analysis for NACUBO. At NACUBO, Redd directs the annual NACUBO-TIAA Study of Endowments, the NACUBO Tuition Discounting Study, and other studies on higher education finance issues.

In addition to his work at NACUBO, Redd also serves on the board of trustees for the Meadville Lombard School of Theology in Chicago, IL, and is a member of the board of directors for the Unitarian Universalist Common Endowment Fund (UUCEF) and the Association for the Study of Higher Education (ASHE).

Redd has a master’s degree in public affairs from the Hubert H. Humphrey School of Public Affairs, University of Minnesota.