Following the U.S. Department of States (DOS) decision to merge its travel advisories with those set by the Centers for Disease Control and Prevention (CDC), these students were notified during the first round of course registration that, if they were traveling to a country that the DOS had just categorized as Level 4, they were strongly encouraged to withdraw from their prospective study abroad status with Bowdoin and register for courses. EDUCATION: Brandeis University, Bowdoin College. The latest science discoveries delivered monthly to your inbox. Report this profile Report Report. 5700 College Station (207) 725-3221. Paula Volent. Bowdoin College. June 07, 2018. who was hired by Bowdoin in 2000, oversees the College's $904 million endowment. So many interesting people in finance have art history degrees or literature degrees, [that sort of background in] the liberal arts., Shes a wonderful example of what the liberal arts is all about and the power of the liberal arts, Rose said. Im eager to join that community of scientists, students, postdocs, administrators, staff, and trustees and, in my new role, to contribute to the universitys culture of sustained excellence by working to assure the strength of its financial underpinnings.. We wanted this chart to be a book-end to our reporting of investment performance for FY2017. Some key points from the policy: Go to content, skip over visible header bar, Orient article offers singular, alarming interpretation, President Rose, College community react to revealed Epstein ties with former trustee Jes Staley '79 P'11, Owner of At Last Spa promotes personal health and wellness practices, Graffiti at Bates being investigated as possible hate crime; Bowdoin students write letter in solidarity with protestors, Mckesson 07 H21 debuts fireside chats as first of this years honorary degree recipients, Shift in off-campus study policy now allows more students to go abroad for the fall, Professor of Government Chryl Laird to leave Bowdoin for University of Maryland. 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. On June 30, 2020, the endowment was valued at $1.8 billion and provided $71.8 million to the annual operations of the College. 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. AND DEAN OF THE FACULTY AND BOSWELL PROFESSOR OF ECONOMICS. 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. He is a graduate of the University of Michigan, where he earned his undergraduate degree magna cum laude in classical archaeology, and where he was also elected to Phi Beta Kappa. He graduated from Purdue University with a B.A. Shell be making something like $340 thousand (the average director comp in cash and stock in 2017) for serving on two key committees (audit, and governance) on the relatively small board of a big, complex company. News & Research forInvestmentLeaders, J.P. Morgan Credit and risk management 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. 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. 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. Orlando named chief financial officer at Bowdoin College. Officer. 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. Our top earner Mr. Malpass at Notre Dame is deservedly well-paid and isnt going anywhere. Bryant will succeed Paula Volent, who announced in February that she intends to step down . 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. According to the Foundation and Endowment Intelligence report, the College is now looking to hire a head of private equity and a head of real assets. They used a consultancy, Cambridge Associates, and it was something the treasurer did part-time.. Bowdoin College has promoted K. Niles Bryant to be the new CIO of its $1.8 billion endowment, effective July 1. Investment Officer - Sourcing and structured investments in Albania . 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. As of June 30, 2022, the three-, five-, and ten-year annualized returns for Bowdoins endowment were 15.7 percent, 14.7 percent, and 13.3 percent, respectivelyall in the top 5th percentile among comparative college and university annualized returns, according to data compiled by Cambridge Associates. Location. Copyright 2023 Asset International, Inc. All Rights Reserved. [Swensen] took me inhe had me filing at first, and over time, he got me working on projects, Volent said. Compensation is a delicate issue; but recruiters need to keep track of it. You are strongly encouraged to use a real name or identifier ("Class of '92"). The two-year lag in comp reporting is annoying, although we get to blame the IRS. Students who were set to study abroad in the fall of 2021 have had a tumultuous few weeks. "The College's endowment is invested across a range of asset classes in global markets. 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." and Secretary to the Board of Trustees. A Bird's-Eye View of Fall Color on Campus. It has been a great honor to oversee Bowdoins endowment, said Volent. As Mills told the story, an opponent said to him mid-swing, "I would never support Bowdoinyou are a ridiculous liberal school that brings all the wrong students to campus for all the wrong reasons." The reader should also be warned that pay for a given year, while accurate, is not always typical for that CIO. The chief investment officer (CIO) usually oversees . I said, No, Im an artist, of course not!. Corner Office. Our insights and commentary come from our clients board members, CEOs, chief investment officers and the global investment community within which we work as executive search professionals. When Volent took on her position in the summer of 2000, Bowdoins endowment stood at just over $465 million; in the year ended June 30, 2020, the endowment had gained 5.9 percent, growing to $1.8 billion, providing nearly $72 million to the annual operations of the College last year, including $33 million for need-based financial aid. At Yale, Volent took classes and also held a job in the investments office under David Swensen, Yales longtime investments manager who passed away last week. Can an 'Agreement to Agree' Support Expectation Damages? When I leave Bowdoin, Im leaving the endowment position after 21 years, and if you count the museum its 25 years, Volent said. More From Investment Office. But he was only hired in late 2016, and he had no pay for that position in CY2015. (Compensation as of calendar year-end 2015. Having that background in art history and art conservatorship and coming at the world with a broad understanding of the issues the worlds facing [is so important]. 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. John Lawler is chief financial officer at Ford Motor Company and has overall responsibility of finance functions including Accounting, Financial Planning and Analysis, Treasury, Tax, Investor Relations, Economics and Audit as well as the Ford Credit business. Lewiston, Maine 04240. Niles Bryant is the SVP and Chief Investment Officer at Bowdoin College. In 2015 Paula Volent, Bowdoin College's chief investment officer, managed a hefty 14.4% return on the Maine liberal arts college's then- $1.4 billion endowment. Without that, wed be in a very different place now with regards to access.. Volent, who was hired by Bowdoin in 2000, oversees the College's $904 million endowment. CIO; PLANADVISER; PLANSPONSOR; 702 King Farm Boulevard, Suite 400, Rockville . The most obvious one here is Paula Volent at Bowdoin College. Capital Projects, and Special Counsel. <br><br>After graduating from Bowdoin College in 1992 with degrees in both Economics and Spanish, he began his . For the record, the CIO back in CY2015 was Stephen Blyth who had total comp of $14.8 million (it was both his first and last year). It would be highly misleading to ascribe that comp to Mr. Narvekar, so we didnt. 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. chief investment officers - and the global investment community within which we work as executive search professionals. Net Assets. (The smaller TAM Foundation is managed separately.). Michigan State University and Kathleen E. Jacobs , Chief Investment Officer Skip Sidebar. Weve been skeptical of that number for a while, but the U was eventually prodded into disclosing that Mr. Lundberg actually made $2 million in 2017. Niles is uniquely positioned for this leadership position at Bowdoin, Volent said in a statement.