bowdoin college chief investment officer

or (OCIO firm) . He added that Volent and her team have produced investment returns that changed both the trajectory of the college and the lives of thousands of students who benefitted from the financial aid resources generated from its endowment.. $1,200,798. Volent previously worked for Yale University CIO David Swensen and managed Bowdoins endowment alongside billionaire investor and Bowdoin College Investment Committee Chair Stan Druckenmiller, an alumnus of the college. 3.3.2023. Other distributions restricted by donors are used to support professorships and instruction, lectureships, museums, the library and book purchases, and technology. Smith, who has served as the university's co-chief investment officer ad interim since March 2020, was chosen following an extensive national search. We should also mention that we used a $1 billion AUM lower bound for this list. Im going to stay very much involved with the College when I leave.. The Foundation and Endowment Intelligence article, citing an unnamed source, said that the College "plans to relocate the investment staffsometime in the next few months." It would be highly misleading to ascribe that comp to Mr. Narvekar, so we didnt. The investment portfolios for the endowments of the Massachusetts Institute of Technology and Bowdoin College lost 5.3% and 7.1%, respectively, in 2022, as volatile markets and rising rates have caused nearly every endowment to report investment losses for the fiscal year ending June 30. Published October 05, 2022 by Bowdoin College. The most obvious one here is Paula Volent at Bowdoin College. You are strongly encouraged to use a real name or identifier ("Class of '92"). Data Engineer @ Recorded Future Individual Tutor @ Bowdoin College Information Technology Technician @ Bowdoin College see more The Orient was unable to confirm if this is the case; beyond the statement issued by Volent, senior administrators contacted for this story declined to comment, as did several trustees and faculty with knowledge of the move. I look forward to working with Niles over the next four months to facilitate a smooth leadership transition.. They used a consultancy, Cambridge Associates, and it was something the treasurer did part-time.. . Without that, wed be in a very different place now with regards to access.. Bowdoin has established a second investment office in New York City, College officials confirmed this week. During her time at Bowdoin, Volent has cemented her reputation as one of the nations preeminent college investments managers, outperforming every other college endowment over that span. For all of those things that we understand to be the liberal arts and the power of it, shes demonstrated that you can have success in one area and then have the capabilities, the skills, the underlying education to be able to pivot and then have success in another.. Updates on the University COVID-19 response and operations available, Clinical Research and the Rockefeller University Hospital, Chemers Neustein Summer Undergraduate Research Fellowship Program, Campaign for the Convergence of Science and Medicine, Experience Science, the Arts, and Culture, Meet the scientific leaders who are changing medicine, Peek inside our 71 biomedical laboratories, Learn more about our flexible, supportive academic programs, Learn about the breakthroughs happening every day, Hear from the worlds leading speakers and thinkers, Weve spent 122 years perfecting the bioscience institute. Jun 2018 - Aug 20183 months. Join to view profile . Paula will help ensure that we continue to have the resources needed to fuel the world-leading research of our 70 heads of laboratory in pursuit of our mission, Science for the benefit of humanity., I have long admired the dedication and focus of the entire Rockefeller University community on conducting ambitious science that expands our knowledge of the world and has a positive impact on society, says Volent. WE'RE NOT ALONG: The investment office now has a satellite office in NYC. Were not going to do any deep mathematical analysis here, but certain patterns are pretty obvious. About . Rockefellers research-oriented, biochem-heavy institutional values will present new opportunities for Volent. CIO editor Christine Giordano said, "We were very impressed by all that she has been able to accomplish in such a short amount of time.". So, the downward march of the comp rankings pretty closely follows the downward march of AUM on this list. Chief investment officer pay at 74 top endowments; Skorina seeks a chief investment officer; Vickie Fuller: The after-life of a CIO; . Paula Volent '97 will be the next chief investment officer of Rockefeller University, with responsibility for managing its $2.5 billion endowment, the New York City research university announced. Volent has not yet revealed her post-Bowdoin plans other than to say that she will be taking on new challenges. She leaves her post after overseeing the endowments growth from just over $465 million during the summer of 2000 to $1.8 billion as of the end of June. Thirty-seven years ago, on Aug. 5, 1984, Joan Benoit Samuelson won the first-ever women's Olympic marathon. Any comments made with an email address that does not belong to you will get removed. . $10.7. Starting right in the middle of the dot-com bubble, Volents first task was damage control; she managed to hold losses to just $15 million of the endowments $465 million valuation when she first came on board. DeGraff earned her master's and doctorate . And, we see no reason why we shouldnt share some of that bounty with our readers. I have known Paula for my entire investing career and have always admired her investment judgment, passion for markets, and dedication to Bowdoin, noted Bryant. When I leave Bowdoin, Im leaving the endowment position after 21 years, and if you count the museum its 25 years, Volent said. Many details about the office remain unknown: Volent did not specify where in New York City the office is located, its physical size, or if there is a possibility that it will become the College's primary office in the future. E.g., the number for Mr. Pomeroy at Penn State is a very conservative estimate. The reader should also be warned that pay for a given year, while accurate, is not always typical for that CIO. In the early 2000s, as Williams' endowment rose above the $1 billion mark, we knew our increasingly complex portfolio and expanding group of outside investment managers would eventually require full-time professional oversight. Charles Skorina & Co. is the exclusive search agent for this position. Compensation for this key position is competitive. Niless exceptional experience and skills, his record of achievement, and his deep commitment to Bowdoins mission make him the ideal person to succeed Paula in this work that is vital for the College and especially for the students and families supported through our endowment returns, said Bowdoin President Clayton S. Rose. A statement sent to the Orient did not disclose the date of the opening, though a February 22 article published on the website of Foundation and Endowment Intelligence suggests that it occurred earlier this year. This is a new position with a highly rated, multi-line insurance company located in the greater Philadelphia area. Zorina Khan on the Role of Prizes in Driving Innovation, Professor of Economics Zorina Khan shares her expertise and insights into the realms of economic history and technological progress with. Can an 'Agreement to Agree' Support Expectation Damages? And, if NYSCRF held Williams (investment-grade) bonds, you can be sure that Ms. Williams a crack credit-analyst and bond maven in her previous jobs had the numbers to prove they were a suitable buy for her fund. At Rockefeller, we have enjoyed an enviable record of investment success under Amy Falls, says Bill Ford, chair of Rockefellers Board of Trustees. But there are exceptions. Salary ranges can vary widely depending on many important factors, including education , certifications, additional skills, the number of years you have spent in your profession. Office of the President. and Secretary to the Board of Trustees. Bowdoin College. Indeed, Volents first introduction to business and investing didnt come until she was well into her art career. The endowment grew to $1.8 billion in assets under management over the course of her tenure. As a member of Bowdoins senior leadership team, Bryant will report to Rose. The Endowment is managed by a professional investment staff within the NYU Investment Office. Paula Volent was named vice president and chief investment officer of The Rockefeller University, New York, where she will oversee the management of its $2.3 billion endowment. Read Bio . After Over 20 Years at Bowdoin, CIO Paula Volent Is Bowing Out, This content is from: Clever college administrators have sometimes found (or constructed) loopholes in those sunshine laws which let them conceal part of the CIO pay-package. Volent also cited proximity to fund managers as a primary reason for the new office. New Bowdoin Podcast to Tackle Issues of Democracy. Williams' endowment is the largest of any liberal arts college in the country,but Williamstown, Mass., like Brunswick, is not a hotbed of financial activity. As senior vice president and chief investment officer, Bryant will be a member of Bowdoins senior leadership team, reporting to the president. Prior to his work in the field of investments, Bryant was an associate at the New York City law firms of Dewey Ballantine and Winston & Strawn. Executives Listed on Filing. Copyright 20042023 The Rockefeller University. An outrage outfit called (appropriately) Sludge, with some like-minded media allies, produced a hit-piece which they called New York Pension Chief Cashes in on Natural Gas. Year in and year out, working with her team and the investment committee, Paula has produced consistently outstanding investment returns, outpacing virtually every other college and university endowment in the nation over the short, medium, and long term, Bowdoin College president Clayton Rose said in a statement. Bryant joined Bowdoins investment office in April 2020 as director of investments, following sixteen years as an investment professional and earlier as an attorney specializing in capital markets and mergers and acquisitions. Chief. April 16, 2021. Bowdoin College. Back Submit. But, we feel no such constraint. Lane Hall, Room 214C. And, if youre crafting a competitive offer, it certainly helps to know exactly what you have to beat. BOWDOIN COLLEGE BRUNSWICK, ME 04011-8445 | Tax-exempt since June 1935. The Bowdoin College endowment generated an investment return of -7.1 percent for the fiscal year that ended June 30, 2022, a highly volatile period for financial markets that saw the S&P 500 and the NASDAQ lose 10.6 percent and 23.4 percent, respectively. The corresponding data for most public schools is often fresher, but its scattered among various and often quirky databases in various jurisdictions with various disclosure rules. We pointed out in our letter that she appeared to be underpaid compared to (male, white) CIOs running comparably big public pensions. Work at the Investment Office centers on selecting and monitoring investment . Prior to working in the investment industry, Volent was a paper conservator at the New-York Historical Society, the San Francisco Palace of Fine Arts, the LA County Museum of Art, and the National Gallery of Art in Washington, D.C., according to her biography on the museums website. - Conducted research . CIO; PLANADVISER; PLANSPONSOR; 702 King Farm Boulevard, Suite 400, Rockville . He received a big payout classified as other in calendar 2015. Matthew G. Bibbens '92. Anne Dinneen, Hamilton's Chief Investment Officer, received Chief Investment Officer (CIO) magazine's Innovation Award for endowment management on Dec. 14 at a gala at the New York City Public Library. The directory includes famous graduates and former students along with research and academic staff. Other, non-W2 items benefitting the CIO are often reported to the IRS (and are sometimes substantial) but we omit them for our purposes. Our team, led by Senior Vice President and Chief Investment Officer Niles Bryant with the support and insights of our Investment Committee, did outstanding work to preserve much of the extraordinary gains we earned in the prior year, while generating substantial liquidity. Investment Officer - Sourcing and structured investments in Albania . EIN: 01-0215213; Classification Undergraduate College (4-year) .