David Flash
Endowment Conference Hosted in Hong Kong our most important competitive advantages is the collective investment knowledge of Andover alumni throughout the world.” Board President Emeritus Oscar Tang ’56 spoke at the outset, commenting on Andover’s historic ties to Asia dating back to the mid-19th century. Panelists and speakers included Board Treasurer Amy Falls ’82, P’19; Trustee Joe Bae ’90 of Kohlberg Kravis Roberts & Co.; Charles Chao, P’14, of SINA Corporation; Stephen King ’83 of Violet Hill Partners Limited; Eashwar Krishnan of Tybourne Capital Management; Jason Lee, P’18, and X.D. Yang ’83 of The Carlyle Group; Kathy Xu of Capital Today Group; and Yichen Zhang ’82, P’18, of CITIC Capital Holdings Ltd. While the overall sentiment was one of caution, attendees identified pockets of opportunity throughout global and Asian financial markets. These included energy investments, venture capital, private equity in Asia, and emerging markets equities. Head of School John Palfrey wrapped up the four-hour event by conveying his gratitude for the group’s commitment to guiding Andover’s endowment decisions.
Photos by Mabel Lee, P’04
Spotlighting the collective financial expertise of the Phillips Academy community, approximately 60 Andover alumni, parents, administrators, and students gathered in early March at the China Club Hong Kong for the Academy’s Future of the Endowment Conference. This was the seventh such conference, which began more than a decade ago to leverage the intellectual capital of Andover’s alumni and parent community. In gathering financial experts from around the globe with a common purpose—to protect and grow the Academy’s endowment—Andover draws on the experience of a network that is unparalleled even at major universities. Attendees at the conference, which was presented by Phillips Academy’s Board of Trustees and the Asia Council, represented some of Asia’s largest and most successful private equity firms, venture capital firms, hedge funds, and other financial and investment institutions. “Achieving our investment goals allows the endowment to support the Andover community today and in the future,” said Chief Investment Officer Michael Reist. “One of
Clockwise from top left: Head of School John Palfrey, Oscar Tang ’56, Amy Falls ’82, P’19, Joe Bae ’90, and Chien Lee ’71 Claudia Chu ’17, Alice Rogers ’19, and Michelle Ng ’19 Soojin Min, P ’19, Cherry Chu, P’18, and Ching Ju Yeh, P’19 Jin Hyuk Park ’83, P’17, Kyungjoon Lee ’83, P’17, and Oscar Tang ’56
Andover | Summer 2016
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