John Neff's knack for finding gold among "woebegone" companies has transformed Penn's endowment from among the worst performing in higher education to one of the best -- at a price you can't beat.
Attending the open meeting of Penn's board of trustees can be a bit like watching the performance of a play made up entirely of stage directions. Whatever hashing out of issues has been required has already occurred, and the meetings pass in a blur of motions, seconds, and "ayes." But there is usually one spark of life in the proceedings, which is the moment when John Neff, Hon'84, who chairs the University's investment board, delivers the latest investment report.
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