UNC Management Company
UNC Management Company, Inc. (“UNCMC”) is a nonprofit organization that provides investment management services to the University of North Carolina System, its constituent institutions and their affiliated endowments and foundations. UNCMC manages the long-term assets of its investors through the UNC Investment Fund, a commingled investment vehicle with assets of over $11 billion.(1) UNCMC also provides investment management and administrative services to other investment vehicles that support the University of North Carolina at Chapel Hill. At the UNC Management Company our objective is to protect and enhance the value of the assets entrusted to us.
UNCMC is governed by a Board of Directors consisting of eight members including five ex officio members:
- Chancellor, University of North Carolina at Chapel Hill
- Vice Chancellor for Finance & Operations, University of North Carolina at Chapel Hill
- Chairman of the Board of Trustees, University of North Carolina at Chapel Hill
- Chairman of the Board of Directors, The University of North Carolina at Chapel Hill Foundation Investment Fund, Inc.
- President, UNC Management Company, Inc.
The remaining three members of the Board are elected by the ex officio members.
(1)As of June 30, 2024
Chief Investment Officer
Public Investments
Ed Hetherington
Senior VP & Senior Managing Director
Ed Hetherington is the Senior Vice President and Senior Managing Director of the Public Investments team at the UNC Management Company.
Prior to joining the UNC Management Company in 2014, Mr. Hetherington served as the Director of Public Markets for the Investments Group at UPS and was responsible for a $25 billion portfolio. Mr. Hetherington also served as the Investments Group’s Global Equity Portfolio Manager where he managed approximately $9 billion in public equity market investments. Mr. Hetherington began his career at UPS as part of the company’s mergers and acquisitions team, participating in over 20 strategic acquisitions.
Mr. Hetherington has been recognized as a permanent member of Chief Investment Officer’s Top 40 Under 40. While at UPS, his team was named Institutional Investor’s Corporate Hedge Fund Investor of the Year (2014) and was also awarded Chief Investment Officer’s Industry Innovation Award for Top Corporate Pension Plan (2013).
Mr. Hetherington graduated from the Wharton School of the University of Pennsylvania with a Bachelor of Science degree in Economics. Mr. Hetherington is a member of the Zeist Foundation’s investment committee and holds the Chartered Financial Analyst (CFA®) designation.
Angela Moss
Managing Director
Angela Moss is a Managing Director of the Public Investments team at the UNC Management Company.
Prior to joining the UNC Management Company in 2006, Ms. Moss was a Co-Portfolio Manager and Research Analyst for Hale and Dorr Wealth Advisors in Boston, MA. Previously, she worked in investment banking assisting in corporate finance transactions and advisory services, including mergers and acquisitions, restructurings, and equity offerings. Ms. Moss began her career at PricewaterhouseCoopers as a consultant to investment management firms.
Ms. Moss serves as a Board of Trustee for East Carolina University (ECU). Previous roles held at ECU include Chair of the Board of Visitors, Chair of the Alumni Board, and Vice Chair of the Foundation Board. She is a founding member and former Chair of the North Carolina chapter of 100 Women in Finance. Ms. Moss also serves as a member of the Triangle Community Foundation’s Investment Committee. She is a current member of the CFA Institute and the Chartered Alternative Investment Analyst (CAIA®) Association.
Ms. Moss graduated from ECU with a Bachelor of Science degree in Business Administration and a Master of Science in Accounting with a Tax concentration. While at ECU, Ms. Moss served as Student Body President / Board of Trustee. Ms. Moss holds the Chartered Alternative Investment Analyst (CAIA®) designation.
Chris Rudolph
Managing Director
Chris Rudolph is a Managing Director of the Public Investments team at the UNC Management Company.
Prior to joining the UNC Management Company in 2006, Mr. Rudolph was the Director of Investments and Planned Giving at the BBC Foundation in Clarks Summit, PA. He began his career as a Supervising Senior Accountant with KPMG and has served on the boards of the BBC Foundation and ReCity.
Mr. Rudolph graduated magna cum laude from Cedarville University with a Bachelor of Arts degree and received a Master of Business Administration degree from the Fuqua School of Business at Duke University. Mr. Rudolph is a Certified Public Accountant (CPA) and holds both the Chartered Alternative Investment Analyst (CAIA®) and Chartered Financial Analyst (CFA®) designations.
Keegan Alston
Senior Investment Analyst
Jay Mehalek
Senior Investment Analyst
Alexander Cook
Investment Analyst
Angela Elam
Senior Administrative Assistant
Private Investments
Chris Bartholomew
Managing Director
Chris Bartholomew is a Managing Director of the Private Investments team at the UNC Management Company.
Prior to joining the UNC Management Company in 2004, Mr. Bartholomew worked in the accounting department of MCNC. He currently serves on the Board of Directors of the central North Carolina chapter of the American Red Cross.
Mr. Bartholomew graduated from the University of North Carolina at Chapel Hill with a Bachelor of Science degree with Distinction in Business Administration and Information Science. Mr. Bartholomew holds both the Chartered Alternative Investment Analyst (CAIA®) and Chartered Financial Analyst (CFA®) designations.
Rodgers Harshbarger
Managing Director
Rodgers Harshbarger is a Managing Director of the Private Investments team at the UNC Management Company.
Prior to joining the UNC Management Company in 2008, Mr. Harshbarger was a Consultant in the Private Equity Group at Bain & Company in Atlanta, GA. Previously, Mr. Harshbarger was a Vice President at Atlantic~Pacific Capital in San Francisco, CA and began his career in investment banking at Donaldson, Lufkin & Jenrette in New York, NY.
Mr. Harshbarger graduated from the University of Virginia, where he was an Echols Scholar, with a Bachelor of Arts degree. He received his Master of Business Administration degree from the Kenan-Flagler Business School at the University of North Carolina at Chapel Hill where he was a Richard H. Jenrette Fellow, received the Frank Hawkins Kenan Award for Excellence, and was inducted into Beta Gamma Sigma. Mr. Harshbarger holds the Chartered Alternative Investment Analyst (CAIA®) designation.
Matthew Lesesky
Managing Director
Matthew Lesesky is a Managing Director of the Private Investments team at the UNC Management Company.
Prior to joining the UNC Management Company in 2012, Mr. Lesesky was the Director of Private Investments at Hatteras Funds where he was responsible for private equity fund investments and direct private equity programs. Previously, Mr. Lesesky was an Associate with PCG Capital Partners, a private equity firm based in La Jolla, CA focused on growth equity investments, where he was involved in the sourcing, evaluation, execution, and monitoring of transactions across a variety of industries. Mr. Lesesky also worked as an investment banking associate in the Mergers and Acquisitions group of Citigroup Global Markets based in New York, NY. Prior to Citigroup, Mr. Lesesky was an Associate at Fusion Ventures, an early-stage venture capital fund, and an Analyst at Andersen Consulting.
Mr. Lesesky graduated from the University of North Carolina at Chapel Hill with a Bachelor of Science degree with Distinction in Applied Science and received a Master of Business Administration degree from the Kenan-Flagler Business School at the University of North Carolina at Chapel Hill where he was inducted into Beta Gamma Sigma.
Ellie Sullivan
Senior Investment Associate
Nick Bailey
Senior Investment Analyst
Sunmeet Gulati
Investment Analyst
Celeste Reed
Senior Administrative Assistant
Investment Strategy & Risk Management
Joshua Shapiro
VP & Managing Director
Josh Shapiro is the Vice President and Managing Director of the Investment Strategy and Risk Management team at the UNC Management Company.
Prior to joining the UNC Management Company in 2014, Mr. Shapiro was a Partner and Head of Portfolio Construction & Risk at Stamos Capital in New York, NY, a multi-billion dollar private investment firm. Previously, Mr. Shapiro worked at Merrill Lynch as a Principal in the Global Principal Investments division. During his tenure at Merrill Lynch he also served as the Head of Strategy for the Hedge Fund Group and as a Director at Merrill Lynch Investment Managers. Mr. Shapiro also worked at McKinsey & Company where he was an engagement manager in the Financial Institutions Group. He began his career as a full-time lecturer at Yale University.
Mr. Shapiro received a PhD with Honors from Yale University.
Jeffrey Chamberlain
Senior Quantitative Analyst
Jeffrey Chamberlain is a Senior Quantitative Analyst of the Investment Strategy and Risk Management Team at the UNC Management Company.
Prior to joining the UNC Management Company in 2016, Mr. Chamberlain was Vice President at Axiom SL, a risk platform company. Previously, Mr. Chamberlain worked at Bank of America Merrill Lynch as Associate Vice President in the Mortgage-Backed Securities division. Mr. Chamberlain also worked at Axioma in risk model development. Prior to that, Mr. Chamberlain worked at Morgan Stanley in the Securitized Products Group. Mr. Chamberlain began his career at Bloomberg LP on the Equity Derivatives team.
Mr. Chamberlain graduated from Carnegie Mellon University with a Master of Science degree in Computational Finance. He holds a PhD in Electrical and Computer Engineering from the University of Iowa. Mr. Chamberlain graduated from Tsinghua University (China) with a Bachelor of Science degree in Electrical Engineering. Mr. Chamberlain holds the Chartered Financial Analyst (CFA®) and Financial Risk Manager (FRM®) designations.
Trena Martelon
Senior Administrative Assistant
Investor Relations & Communications
Legal
Investment Operations & Finance
Chris Mattke
VP & Managing Director
Chris Mattke is the Vice President and Managing Director of the Investment Operations and Finance team at the UNC Management Company.
Prior to joining the UNC Management Company in 2017, Mr. Mattke was a Vice President – Finance & Accounting at Harvard Management Company in Boston, MA. Previously, he was a Senior Associate in the financial services audit group at KPMG in both Boston, MA and Minneapolis, MN.
Mr. Mattke graduated from the University of St. Thomas with a Bachelor of Science degree in Accounting and received a Master of Business Administration degree from the W.P. Carey School of Business at Arizona State University. Mr. Mattke is a Certified Public Accountant (CPA) and holds a Certificate in Investment Performance Measurement (CIPM®).
Margaret Holder
Senior Director, Corporate Finance & Administration
Margaret Holder is the Senior Director of the Corporate Finance and Administration team at the UNC Management Company.
Prior to joining the UNC Management Company in 2011, Ms. Holder was the Controller, Foundations Accounting and Investments at North Carolina State University. Previously, she was an Accounting Manager at Compass Group and a Senior Auditor in KPMG’s Management Assurance Services group, both in Charlotte, NC. Ms. Holder began her career as an auditor with the Auditor of Public Accountants for the Commonwealth of Virginia before becoming an internal auditor at the Colonial Williamsburg Foundation in Williamsburg, VA.
Ms. Holder graduated from the University of Virginia with a Bachelor of Arts degree in English with a minor in French and received her Post Baccalaureate Certificate in Accounting from Virginia Commonwealth University. Ms. Holder is a Certified Internal Auditor (CIA®) and a Certified Public Accountant (CPA).
Benjamin Wendt
Investments Performance Manager
Bobby Williams
Fund Controller
Bobby Williams is the Fund Controller at the UNC Management Company.
Prior to joining the UNC Management Company in 2013, Mr. Williams was an audit manager for Hughes, Pittman, and Gupton, LLP in Raleigh, NC. He has over nine years of experience in public accounting including prior Big 4 experience at Deloitte. He also served a two year volunteer role on the Finance Committee for the Make-A-Wish Foundation of Eastern NC.
Mr. Williams graduated from the University of North Carolina at Chapel Hill with a Bachelor of Arts degree in Economics and received a Master of Accounting degree from the Kenan-Flagler Business School at the University of North Carolina at Chapel Hill. He also completed the UNC Foundations of Capital Markets program at Kenan-Flagler. Mr. Williams is a a Certified Public Accountant (CPA) and is active in the community as a nationally licensed youth soccer coach.
Kimberly Baker
Portfolio Administration Leader
Deana Griffin
Receptionist / Administrative Assistant
Juddy Mair
Investment Operations Specialist
Virginia Morse
Accounting & Operations Associate
Sarah Rivera
Financial & Operations Manager
Susan Smith
Senior Administrative Assistant
Gina St. Phillips
Portfolio Administration Specialist
Meredith Turner
Investment Accountant