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Rice Management Company

Rice Management Company
Rice Management Company

The Rice Management Company was established October 1, 2009, as a division of Rice University. The President of RMC is also the Chief Investment Officer of the University. The responsibilities of RMC include asset allocation; and the selection and termination of investment managers and consultants. RMC acts as the master custodian, monitoring performance of investment managers and the entire portfolio on a regular basis, reporting to the Rice Management Company Board of Directors.

The endowment is managed as a consolidated investment pool composed of a large unrestricted endowment (approximately one-half of the total endowment), and more than 1,700 individual funds with designated purposes.

Ranking in the top 20 endowments of private research universities (by market value) in the country, the endowment funds are the permanent capital of the university, established to provide a perpetual source of revenue for current operations and certain capital needs. The endowment plays an important role in the university’s financial structure as it funds approximately 40% of the annual operating budget.