Peter H. Ammon

Peter H. Ammon is an American investor and endowment manager. He has been the chief investment officer of the University of Pennsylvania since 2013.

Early life and education Peter H. Ammon graduated from Princeton University with undergraduate degree in politics and holds an M.B.A. and a master's in international relations from Yale University.

Investment career

Princeton's investment company He briefly worked at the Princeton University Investment Company in the early 2000s.

Work under Swensen In 2005, he was asked to join the Yale University Investments Office and work under David F. Swensen. At the firm he was tasked with analyzing "asset allocation, domestic and foreign equities, absolute return and the timber portfolio."

In 2013, the endowment posted +14.4% return on investments, primarily driven by "equity markets and the university’s absolute-return portfolio." In 2014, the endowment grew from $7.7 billion to $9.6 billion (an increase of $1.8 billion from a year earlier), generating a net return of +17.5%. The year after, the endowment rose +7.4% to $10.1 billion fueled by the fund's private equity holdings. In the 2016 fiscal year, the endowment lost a market value total of -1.4%, however, a large influx of gifts and trusts left the endowment up +6% to $10.7 billion.