Summer research assistant in the Department of Botany at the National Museum of Natural History. Harold Alfond Foundation Board of Trustees But they may get significant other items to round up their total. Bowdoin College Signatory to Supreme Court Amicus Brief Supporting Use of Race-Conscious Admissions Process, Bowdoin has joined with thirty-two peer institutions in an, Bowdoin College Presidential Search Committee Named. Financial services and technology are . Sharon K. Basso. K. Niles Bryant will become the next senior vice president and chief investment officer at Bowdoin College, where he will be responsible for managing the College's $1.8 billion (as of June 30 . Volent has an M.B.A. from the Yale School of Management, an M.A. She succeeds Amy Falls, who is leaving the post this spring . Conn. Williams hired Collette Chilton as its chief investment officer in 2006 and opened the Boston office shortly after. Volent went back for her Masters degree in art conservatorship at NYU and then went west, working at the L.A. County Museum of Art and San Franciscos Palace of Fine Arts as a paper conservator before starting her own private art conservation business outside of Los Angeles. Bowdoin College has promoted K. Niles Bryant to be the new CIO of its $1.8 billion endowment, effective July 1. Executives Listed on Filing. But over 5 years Bowdoin beat him by 170 basis points! Paula is unquestionably one of the most accomplished investment officers in the country, and we are thrilled that she has agreed to join us in this vital role, says Richard P. Lifton, Rockefellers president. You seem to be browsing on a screen size, browser, or device that this website cannot support. Then, at the end of July, the publicly-listed Williams Companies (NYSE: WMB) announced her appointment to their board. $1,981,536,000. This is the Bowdoin Orient's archive site. Leadership Maine is a powerful, nine month, outward journey that takes a leader beyond their day-to-day experience and expands their capacity to shape our state's future. Rather, it was the Walker Art Museum that housed her first office at the CollegeVolents first career was as a distinguished art historian and conservator, and her first job out of college was in Bowdoins museum, not its treasury. It would be highly misleading to ascribe that comp to Mr. Narvekar, so we didnt. Affiliation: Office of the President. Paula Volent. Other, non-W2 items benefitting the CIO are often reported to the IRS (and are sometimes substantial) but we omit them for our purposes. Its the same as with conservation[in conservation], we do tons of looking under the microscope, testing, and then you have to have the bravery to do the treatment because youre making a commitment [by doing that]. 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. But its been like pulling teeth in many places. Volent will join the biomedical research institution this summer from Bowdoin College, where she led the $2 billion endowment for the past two decades. Much of this has to be declared as taxable W2 income to the employee per IRS rules and is therefore in our total. Lane Hall, Room 214C. Harvards CIO-of-record in FY2017 was Narv Narvekar. 29. I have great confidence that the Bowdoin endowment will be in the very best of hands going forward. Benje Douglas Senior Vice President for Inclusion and Diversity. His new employer gave him a $1.8 million mortgage loan at (presumably) a very nice interest rate. Our chart shows W2 earnings only, paid in calendar year 2015 and taxable to the CIO. Copyright 20042023 The Rockefeller University. She holds a masters in business degree from the Yale School of Management. For example, because we are CIO-centric rather than school-centric, we report AUM for UTIMCO endowments as a whole and dont distinguish between U. of Texas and Texas A&M since the endowments are mostly handled as a single pool under a single CIO who earns a single paycheck. During this recent challenging period, Niles has worked side by side with me and our investment committee on managing Bowdoins portfolio, augmenting the investment team, and carrying out our due diligence on potential opportunities.. Bowdoin College Non Profit Data A strong background in fixed income/credit is necessary. 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. This kind of bennie has long been typical for school presidents, but its becoming more common for senior administrators. Here I was, an art person, Volent said. 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. 100 Notable Alumni of Bowdoin College [Sorted List] Well-known alumni include John L. Flannery, who in 2017 was named chairman and chief executive officer of . And, even when public-school CIO comp is published, it cant always be trusted. 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. She is also a council member at the Maine Coast Heritage Trust and a financial advisory committee member at the American Institute for Conservation. The Investment Office oversees the Institute's investment-management activities, managing over $4.6 billion of endowment, trust and other assets, including real estate. Michael Cato Senior Vice President and Chief Information Officer. Her record in the short, medium and long term of investment returns is at the very highest of all colleges and universities of this country that has allowed our endowment to grow and the biggest piece of our endowment is dedicated to financial aid. and Secretary to the Board of Trustees. See the metrics below for more information. This is a new position with a highly rated, multi-line insurance company located in the greater Philadelphia area. Orlando named chief financial officer at Bowdoin College No hate speech, profanity, disrespectful or threatening comments. 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. Charles Skorina & Co. is the exclusive search agent for this position. The portfolio she has built is truly one of a kind and her devotion to Bowdoins success in unmatched.. He earned an undergraduate degree in classical archaeology at the University of Michigan and a law degree at the Duke University School of Law, as well as an MBA from Dartmouth Colleges Tuck School of Business. Michelle Chamberlain. In a very few cases we estimated comp based on our industry knowledge, rather than omitting a major school. In our last letter we featured Vickie Fuller, retiring CIO of the $200 billion New York State Common Retirement Fund. There's not much that hasn't been long since said. Kathy Weiler oversees market strategy, product development, brand management . Erim began his current role at the RGA as Chief Financial Officer in August 2017. Presidential pay is structured very differently from a CIOs. 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. For FY 2018 shes turned in the best performance weve seen reported so far, a 1-year return of 15.7 percent. Speech, the Internet, and Democracy featuring Suzanne Nossel, chief MIT, Bowdoin Endowments Lose 5.3%, 7.1% in Fiscal 2022 | Chief Alice A. Ruth '83 (Photo courtesy of Alice A. Ruth '83) Highly regarded and experienced investment manager Alice A. Ruth '83 has been named Dartmouth's chief investment officer, the College announced today. Bowdoin College Chief Investment Officer Paula Volent To Step Down - News This support includes enabling expanded access, subsidizing tuition for every student, paying for the best teachers and facilities, creating knowledge and supporting basic operations. Thirty-seven years ago, on Aug. 5, 1984, Joan Benoit Samuelson won the first-ever women's Olympic marathon. Retained Executive Search Republican Governors Association: Announces senior staff Over the duration of her career in Brunswick, Volent oversaw the growth of Bowdoins endowment from $465 million to its current $2.4 billion valuationgrowth which has fundamentally altered the Colleges financial capabilities and enabled it to be one of 19 need-blind colleges nationwide in its admissions policies and meet full demonstrated financial need with zero loans. She exceeded even her mentor, the esteemed David Swensen, who was a close second with 11.7 percent. EIN: 01-0215213; Classification Undergraduate College (4-year) . As a member of Bowdoins senior leadership team, Bryant will report to Rose. During this recent challenging period, Niles has worked side by side with me and our Investment Committee on managing Bowdoins portfolio, augmenting the investment team, and carrying out our due diligence on potential opportunities. Its a constantly evolving spectacle and The Skorina Letter gives readers a ringside seat. Home - Charles Skorina & Company Office of Investments - Purdue Research Foundation Michigan State University and ), officer during the War of 1812 5700 College Station (207) 725-3221. $10.5. Bowdoin also offers internships to students every summer in the Brunswick investment office; it is not known whether these internships will be available in New York. The Bowdoin endowment consists of more than 1,700 individual funds, and, as of June 30, had three-, five-, and 10-year annualized returns of 10.7%, 8.5%, and 11.6%, respectively. Niles exceptional experience and skills, his record of achievement, and his deep commitment to Bowdoins mission make him the ideal person to succeed Paula, Bowdoin President Clayton Rose said in a statement. Although the gross number had become public, the Detroit Free Press still sued the University to obtain details about how it was calculated. 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.