October 7, 2014

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Countdown to Craziness

Faculty Lobby on Capitol Hill

Could this season’s basketball team outmatch teams from previous years and win a national title? | Page 11

Duke professors go to congressmen to advocate for increase in research funding after budget cuts | Page 2

The Chronicle T H E I N D E P E N D E N T D A I LY AT D U K E U N I V E R S I T Y

WWW.DUKECHRONICLE.COM

TUESDAY, OCTOBER 7, 2014

New director to guide parking through transition

ONE HUNDRED AND TENTH YEAR, ISSUE 29

Under new rules, ACIR guides investment

Kali Shulklapper University Editor After a months-long national search, Carl DePinto was selected as the new director for parking and transportation services. DePinto, previous director of Parking for the New York-Presbyterian Healthcare System, will replace interim director Melissa Harden—who has filled the role since April—beginning Oct. 16. During his 15year career in the parking business, DePinto has built and managed successful parking operations at large hospitals and has organized parking for major events. In his new role at Duke, DePinto will oversee several major projects which Duke PTS is currently working on. “Carl has direct experience—especially in areas we are going to face,” Vice President of Administration Kyle Cavanaugh said. DePinto will be responsible for parking Carl DePinto and transportation within both the University and the Health System. Prior to his role as director of Parking for New York-Presbyterian Healthcare System, DePinto served as the operations and parking consultant for the Hackensack University Medical Center and senior director of operations and development for Professional Parking LLC. His work with operations in the Tri-State Area involves services for major televised events including professional tennis tournaments and other large gatherings. Cavanaugh said that DePinto’s prior work, as well as his experience with construction and renovation, will contribute to the success of major initiatives which Duke PTS is currently pursuing. Duke PTS is intending to build a strategic approach to the parking and transportaSee Parking on Page 6

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Thu Nguyen | The Chronicle Although the majority of the University’s endowment is held in managed funds and direct investments in derivitives, the University has social responsibility guidelines for its direct investments in equities.

Emma Baccellieri News Editor A year after the Board of Trustees approved changes to Duke’s policies on socially responsible investing, the University continues to work on increasing transparency in its investment committee system. The Advisory Committee on Investment Responsibility—a group of faculty, trustees, alumni and students who assess the social impact of Duke’s investments—is finalizing the transition to a new structure intended to increase both internal regulation and external transparency. After being reorganized by the Board’s vote last October, the group is aiming to make information on socially responsible investing more accessible.

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The committee’s restructuring comes in the midst of several student-led movements for socially responsible investing—including the successful 2012 push to divest from conflict minerals, last year’s Duke Open campaign for endowment transparency and the current Divest Duke movement to divest from fossil fuel companies. “We’re supposed to be more active, rather than just being reactive,” said ACIR Chair James Cox, the Brainerd Currie professor of law. “We’re supposed to have a way of surveilling events and getting ahead of the curve—or at least, not falling woefully behind the curve.” Before the Board’s decision last Fall, ACIR met irregularly on an ad-hoc basis and was a secondary committee, only seeing investment issues after they had been presented to the President’s Special Committee on Investment

Serving the University since 1905

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Responsibility. The Board decided to dissolve the President’s Special Committee, making ACIR the principal adviser on socially responsible investments. The group now has a regular meeting schedule—five to six times a year—and has expanded from 10 members to 14 so as to better reflect the University community, Cox said. Cox noted that the transition to a larger group with regular meetings has gone smoothly, adding that ACIR is in the process of adopting internal bylaws to finalize the restructuring. The committee now turns its focus to more external action—increasing transparency and fine-tuning its guidelines as it considers the proposal by Divest Duke. To improve access to information, ACIR

@dukechronicle

See Investment on Page 4

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© 2014 The Chronicle


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