Josh Shapiro Managing Director University of North Carolina Management Company (UNCMC)

Josh Shapiro is a Managing Director at the University of North Carolina Management Company (UNCMC), where he has served since 2014. At UNCMC, he plays a key role in stewarding and growing the university’s endowment, bringing deep expertise in global investments, portfolio construction, and risk management. With nearly three decades of experience across institutional investing, hedge funds, and strategy, Josh has built a career at the intersection of academia, finance, and innovation.
Before joining UNCMC, Josh was a Partner at Sterling Stamos Capital, where he focused on hedge fund and private market investments. He previously held senior positions at Merrill Lynch, serving as a Principal within Global Principal Investments and Hedge Funds, where he evaluated and managed alternative investment opportunities worldwide. Earlier in his career, Josh was an Engagement Manager at McKinsey & Company, advising clients on strategy and operations, and a Consultant with PricewaterhouseCoopers.
Josh also has a strong academic background. He began his professional journey as a Lecturer and full-time faculty member at Yale University, where he taught before transitioning into finance. He earned his Ph.D. from Yale University, combining rigorous research training with a foundation that has informed his analytical approach throughout his investment career.

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