Michael A. Condon serves as University treasurer and chief investment officer at Southern Methodist University.
Condon is responsible for oversight of the endowment, mineral interests and planned giving assets. He plans the work of the Committee on Investments of the Board of Trustees, setting agendas, developing policies, formulating investment strategies, as well as recommending specific investment managers and vehicles for carrying out the investment program. SMU’s endowment was $1.4 billion as of June 30, 2008.
Condon’s experience as chief investment officer for several universities totals 17 years with funds ranging in size from $400 million to $1.5 billion. As chief investment officer at the University of Arkansas Foundation, he oversaw the investment of its $1.2 billion endowment. Prior to that, he served 10 years as chief investment officer for the Georgia Tech Foundation in Atlanta. Under his direction, assets under the Foundation’s management grew from $400 million to $1.5 billion. In 1991, Condon joined the University of South Alabama Foundation as chief investment officer, where he managed investments totaling $377 million. Before joining that university, he was vice president and treasurer at Altus Bank.
Condon serves on the President’s Executive Council and works with leadership on matters related to endowment spending and the communication of endowment strategy and performance. He oversees investment research and analysis, implementation, risk management, accounting, performance measurement and reporting associated with the investment process, and with the management of real estate and mineral interests.
Condon graduated from the University of South Alabama (B.S. Accounting, 1983) and Louisiana Tech University (M.B.A., 1984). He holds the Chartered Financial Analyst designation from the CFA Institute.