Filed under: About the Center
Building an endowment has become increasingly important as the Adrienne Arsht Center begins its fourth season. A strong endowment will create a perpetual stream of funding support that will be used to enhance operations, present innovative programming, and help keep our world class facility like new. Endowment support will also enable the Center to continue presenting and producing original, high quality performing arts experiences that appeal to the diverse members of our community and have an impact on generations to come. Ticket sales and other earned revenue alone do not cover all the Center’s operating costs. To guide this movement, the PACT Board of Directors and the Adrienne Arsht Center Foundation established an Endowment Committee which is charged with authorizing investment guidelines for PACT Board approval, recommending asset allocation policies, recommending Operating Contribution policies and evaluating the endowment’s performance. The committee members are four all-star investment professionals.
- Rob Barlick Jr., an Associate at Goldman, Sachs & Co where he manages investments for high net-worth individuals, endowments and foundations, has over $1.5 billion in client assets under his supervision. He received his M.B.A. from Harvard Business School.
- Marko Dimitrijevic, founder, president and chief investment officer of one of the longest established hedge fund advisory firms, Everest Capital, has 25 years of experience in international investment management and research. He received an M.B.A. from Stanford Graduate School of Business, where he was an Arjay Miller Scholar.
- Nathan Leight, co-founder of Terrapin Partners LLC and chief investment officer of Terrapin Asset Management LLC, has over 25 years of experience in asset management and investment banking. Mr. Leight graduated cum laude from Harvard College.
- David Rocker, founder of the hedge fund firm Rocker Partners, has over 40 years of experience as an analyst and portfolio manager. He received his M.B.A. from Harvard Business School.
Once the asset allocation policies have been established the committee plans to interview and hire professional asset managers.
“The Endowment will serve as another building block that will ensure that the Adrienne Arsht Center will continue to be a strong and integral part of the Miami-Dade County cultural life..” said John Burnett , Vice President of Finance and CFO for the Arsht Center.
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