Nick Smirensky
Adjunct Assistant Professor of Public Administration

Nick Smirensky is Chief Investment Officer of the New York State Health Foundation. He is responsible for managing the Foundation's investment portfolio and developing investment strategy.

Prior to joining the Foundation, he was Deputy Chief Investment Officer and Director of Alternative Investments with the $155 billion New York State Common Retirement Fund, the third largest public pension fund in the United States. He was responsible for overseeing the Fund's corporate governance and investment program, which includes internally traded equity and fixed income, external equity managers, private equity, hedge funds and real estate. He directly managed the Fund's private equity program. He was Director of New York's College Savings Program and Director of Budget and Financial Analysis at the New York State Comptroller's Office prior to joining the Common Retirement Fund. He is also a trustee of the New York State Teachers Retirement System and a member of the System's Investment Committee.

He holds the CFA designation, has a BA degree from Columbia College and a MA degree from the Graduate School of Arts and Sciences of Columbia University.

Semester Course
Spring 2015 PADM-GP.4139.001 Investment Management for Public and Nonprofit Organizations

This course is designed to provide state and local government, endowment and foundation staff with a basic understanding of institutional investment management. With the key concepts covered in this class (portfolio construction, the risk and return characteristics of major asset classes, due diligence, investment decision making, and fiduciary responsibility), the student will be equipped to understand the operations of an institution’s investment pool as well as evaluate investment and governance policy issues.


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Spring 2014 PADM-GP.4139.001 Investment Management for Public and Nonprofit Organizations

This course is designed to provide state and local government, endowment and foundation staff with a basic understanding of institutional investment management. With the key concepts covered in this class (portfolio construction, the risk and return characteristics of major asset classes, due diligence, investment decision making, and fiduciary responsibility), the student will be equipped to understand the operations of an institution’s investment pool as well as evaluate investment and governance policy issues.


Download Syllabus
Spring 2013 PADM-GP.4139.001 Investment Management for Public and Nonprofit Organizations

This course is designed to provide state and local government, endowment and foundation staff with a basic understanding of institutional investment management. With the key concepts covered in this class (portfolio construction, the risk and return characteristics of major asset classes, due diligence, investment decision making, and fiduciary responsibility), the student will be equipped to understand the operations of an institution’s investment pool as well as evaluate investment and governance policy issues.


Download Syllabus
Spring 2012 PADM-GP.4139.001 Investment Management for Public and Nonprofit Organizations

This course is designed to provide state and local government, endowment and foundation staff with a basic understanding of institutional investment management. With the key concepts covered in this class (portfolio construction, the risk and return characteristics of major asset classes, due diligence, investment decision making, and fiduciary responsibility), the student will be equipped to understand the operations of an institution’s investment pool as well as evaluate investment and governance policy issues.


Download Syllabus