Affiliation: Office of the President. And we need to give our thanks for that too., By NoahSaperstein • November 11, 2022, By MargaretBoyle • November 16, 2018, By MinaZanganeh and JulianaVandermark • 8 days ago. 5 free lookups per month. Bowdoins endowment consists of more than 1,700 individual funds earmarked for the perpetual support of a variety of College initiatives. The Office of Investments manages the combined Purdue Investment Pool (PIP) and the Purdue Investment Pool Cash (PIPC). 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. But there are exceptions. . Rockefellers endowment provides critical support for the innovative science performed in our laboratories, studies that have set the pace for progress in biomedicine since the institutions founding in 1901. "If you use your conservation skills on . Presidents get perks like first-class air travel, chauffeurs, club memberships for themselves and their spouses, etc. Bowdoin Colleges long-time chief investment officer Paula Volent is stepping down. Were looking for a Chief Investment Officer to manage a $1.5 Billion investment portfolio. There are other explanatory factors: relative performance, geography, private vs. public, and even prestige of the school, but they are usually swamped by the size of the fund. VICE PRESIDENT OF STUDENT AFFAIRS. A member of the company's Senior Leadership Team, he leads the Finance and Risk function responsible for the company's financial management and planning, budgeting, actuarial, investment risk and operations, enterprise risk management and resiliency. Bowdoin College's endowment return of 14.4 percent -- the best among schools so far this year -- was fueled by a portfolio built around top-performing private equity and hedge funds, said . Bowdoin College has promoted K. Niles Bryant to be the new CIO of its $1.8 billion endowment, effective July 1. These are the employers against which the university competes for talent recruitment and retention.. Olympian Joan Benoit Samuelson 79 Reflects on Championship, Mental Health, and Balance. Upon graduating, he soon began working at the law firm, Debevoise . And, even when public-school CIO comp is published, it cant always be trusted. from the University of New Hampshire. President Kim Cassidy and the Board of Trustees deserve credit for that bold vision. BOWDOIN COLLEGE BRUNSWICK, ME 04011-8445 | Tax-exempt since June 1935. She serves on a number of boards and investment committees including those of the National Gallery of Art, the Yale School of Management, The Rockefeller Foundation, the National Womens History Museum, Girls Who Invest, and MSCI. In 2006, we hired Collette Chilton to the new position of Chief Investment Officer. (latest available public filings), California Institute of Technology (Caltech), * Rob Wallace, Stanford, start date July 2015. from New York Universitys Institute of Fine Arts, and a B.A. You seem to be browsing on a screen size, browser, or device that this website cannot support. 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. A Maine resident herself, Volent will remain connected to the College and the state even after she assumes her new position. As senior vice president and chief investment officer, Bryant will be a member of Bowdoins senior leadership team, reporting to the president. A strong background in fixed income/credit is necessary. It is not clear if this factor influenced the decision. He holds degrees from Bowdoin College, University of St. Andrews, and University of Connecticut School of Law. The portfolio is structured with a long-term time horizon, with portfolio diversification and manager selection directed toward protecting endowment capital in challenging investment environments, while growing those assets during periods of economic stability and growth. [Swensen] took me inhe had me filing at first, and over time, he got me working on projects, Volent said. In this section. A Bowdoin spokesperson declined to comment on where Volent is headed next or who her replacement will be. Wilshire Lays Out a Broader Asset Allocation, Kentucky Retirement System Trustees Say It Is Not Subject to State's Anti-ESG Law, Ohio State Pension Approves New Asset Allocation. Since the investigation was announced on Monday, members of the Bates community have responded to the news of the investigation. As of June 30, 2020, the three-, five-, and ten-year annualized returns for Bowdoins endowment were 10.7 percent, 8.5 percent, and 11.6 percent, respectivelyall in the top fifth percentile among comparative college and university annualized returns, where the respective median returns were 5.2 percent, 5.0 percent, and 7.4 percent. President Barry Mills announced last night that he plans to remain at the helm of Bowdoin for at least five more years. Charles Skorina & Co. is the exclusive search agent for this position. We need a senior investment officer with experience at a top-tier asset owner such as an insurer, health system, endowment, foundation, pension fund, family office, or institutional asset manager. He previously was director of real assets for the Gordon and Betty Moore Foundation for nearly 12 years, and before that was associate director of investments at the Carnegie Corporation of New York for over four years. Bowdoin College. The occasional series "How it feels" was first published in the 2005-2006 volume of the Orient. On July 1, Paula Volent, Bowdoins chief investments officer, will be stepping down from her position after more than two decades of service to the College. Tulsa-based Williams processes and transports natural gas, so what followed was annoying but predictable. Harvards CIO-of-record in FY2017 was Narv Narvekar. . 2 Andrews Road. On July 1, Paula Volent, Bowdoin's chief investments officer, will be stepping down from her position after more than two decades of service to the College. Forty-nine percent of Bowdoins first-year class receives need-based financial aid, a percentage that continues to grow. Matthew P. Orlando of Brunswick has been promoted to the position of senior vice president for finance and administration at Bowdoin . Over the course of Volents tenure, the endowment has grown from just over $465 million in the summer of 2000 to $1.8 billion as of June 30, 2020, according to Bowdoins announcement. No Reproduction Without Prior Authorizations. The stewardship of these resources includes the investment of the endowment and other financial . Mr. Phillips is an effective and well-credentialed CIO and Rochester, understandably, wants to fend off offers from other, bigger schools. Volent didnt make her first investment until ten months into her new job, spending close to a year getting familiar with Bowdoins risk profile, the members of the Colleges investments committee and the money managers she would be working with in the future. Prior to moving into the financial sector, Bryant was an associate at the New York City law firms of Dewey Ballantine and Winston & Strawn. COVID-19 Testing and Response Team Specialist. 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. In a 2007 article published in The Williams Record, Chilton cited greater access to investors as the principal reason for the move. Investment Officer - Sourcing and structured investments in Albania . She holds a masters in business degree from the Yale School of Management. Were not going to do any deep mathematical analysis here, but certain patterns are pretty obvious. In a very few cases we estimated comp based on our industry knowledge, rather than omitting a major school. Net Assets. AUM as of June 30, 2017), COMPENSATION: TOP 74 CHIEF INVESTMENT OFFICERS, Baseline compensation year: December 31, 2015 . But over 5 years Bowdoin beat him by 170 basis points! Bowdoin College Names K. Niles Bryant CIO, Massachusetts Pension Fund Increases Corporate Diversity Standards. Compensation for this key position is competitive. Bowdoin's investment team is collaborative, research oriented, and performance driven. He almost certainly makes more. Before embarking on her career in investment management, Volent worked as an art conservator specializing in the conservation of art on paper. I look forward to working with Niles over the next four months to facilitate a smooth leadership transition.. Printed by Penmor Lithographers, Lewiston, Maine. Indeed, Volents first introduction to business and investing didnt come until she was well into her art career. This is a new position with a highly rated, multi-line insurance company located in the greater Philadelphia area. She will join the . Ruth, who spent the last eight years as chief investment officer for Michael Bloomberg's family office, known as Willett Advisors . 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. $1,200,798. Mills previously served as the deputy presiding partner of Debevoise . I started taking business classes at night at UCLA, and one of my professors said, youre pretty good at thishave you ever thought about going into business school? Volent said in a phone interview with the Orient. Most of it is publicly available, anyway; as long as youre willing to scrounge for it. Over the past two decades, Volent has overseen a level of endowment growth unrivaled by any other institution in the country. Craig W. Smith, a highly experienced and respected investment professional in the institutional investment industry, has been named chief investment officer of Tufts University. Volent flies frequently to meet with investment mangers across the country, so a New York location should make traveling easier for her. 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. Kathleen E. Jacobs , Chief Investment Officer Skip Sidebar. When I leave Bowdoin, Im leaving the endowment position after 21 years, and if you count the museum its 25 years, Volent said. A little background: Mills, who has a fondness for telling golf stories, described in his address an interaction which occurred during a golf match this summer. As a member of Bowdoins senior leadership team, Bryant will report to Rose. <br><br>After graduating from Bowdoin College in 1992 with degrees in both Economics and Spanish, he began his . Office of the President. The fact that a major university would go to some trouble to avoid disclosing that information does speak to the highly competitive market for top CIOs. A first-generation college student herself, Volent earned her undergraduate degree in art history on a scholarship from the University of New Hampshire, a passion that turned into a full-fledged career before investing was ever on her radar. Im going to stay very much involved with the College when I leave.. Work at the Investment Office centers on selecting and monitoring investment . Paula Volent, Bowdoin Colleges chief investment officer, announced she will leave her post June 30, 2021, at the end of the current academic year, to pursue the next chapter in what has been a varied and tremendously successful career at the College.