Alumni Drive Endowment Success

Michael Corkery | Dec. 26, 2013 | The Wall Street Journal

Scott Malpass at a MassScott Malpass, center, investment chief at Notre Dame, listens during a Mass for members of the university endowment's investment team. Photo by Rob Hart for The Wall Street Journal

SOUTH BEND, Ind.— Paul Buser was finishing up at Harvard Business School and likely headed for a job in private equity when a former professor, Scott Malpass, paid him a visit.

Mr. Malpass invited his young protégé to return to the University of Notre Dame, his undergraduate alma mater, to work at the school's $8.7 billion endowment. To close the deal, Mr. Malpass, Notre Dame's chief investment officer, pulled out an official Notre Dame football jersey, the kind worn only by the varsity players. It had Mr. Buser's name on the back.

"It was almost as if a divine hand had led me to that moment,'' recalled Mr. Buser, 32 years old, who accepted the endowment job in 2009 and has worked there ever since.

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 by Daily Domer Staff

Posted In: Features