Ellen Schumann
Partner Emerita, Edgehill Endowment Partners. On 1 show, 1 appearance. The Shows tab opens the full record on each.
investorfounderexecutiveedgehillendowment.com ↗
After 12 years at the Yale University Investments Office, she served as the inaugural Chief Investment Officer of the Carnegie Corporation of New York from 1999 to 2011. In 2013, she co-founded the outsourced CIO firm Edgehill Endowment Partners.
1shows
1appearances
10statements
1resolved
1supported
0contradicted
100%fully supported
3said about them ↓ Everything Ellen Schumann said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Schumann: Specialist asset class models improve investment sourcing via deeper networks
“I really believe in a specialist model where individuals do lead a particular asset class because I think that the network that you bring, the sourcing capability, The relationships within a hedge fund community, or a venture community, or the real estate comm…”
Schumann: The endowment industry lacks organizational and people management skills
“And I don't think really managing organizations is a skill set that many CIOs thought about back then. I think our industry is very undeveloped in that way.”
Schumann: Requiring committee approval for all investments helped Carnegie increase risk
“They had to approve every investment recommendation, which is not today a best practice. But what I liked about that is that I think it helped us take more risk”
Schumann: Fixed income adds little value compared to private investments
“Fixed income, not going to add a lot of value. When Meredith came on board, you jumped into privates. Frankly, that's where we're going to add a lot of value.”
Schumann: Hiring highly paid investment professionals disrupts foundation cultures
“It's disruptive to hire investment professionals at an elemasonary institution. When you're the high paid help, you're a new group.”
Schumann: Formal conference room meetings weaken fund manager due diligence
“I think one of the downsides today interviewing and vetting managers is that you come to the manager's office, you're walked into a conference room, sitting by yourself, they come into that conference room, they control the environment totally, and Back then i…”
Schumann: Foundation structures make routine promotions and pay increases difficult
“We started out without any hierarchy or ways of promoting people, so I did really have to go to bat every time I wanted to promote people. And also increase their compensation commensurate with their experience, because that doesn't really happen in a foundati…”
Schumann: Captive capital with good governance is institutional nirvana
“If you have captive capital and you have good governance, it is nirvana. And governance issues are so important, and so many institutions have dysfunctional, quirky governance that does not serve them well.”
Schumann: Most foundations lacked professional investment staff in the late 1990s
“And I think at the time, foundations were a lot sleepier than endowments. Most of them did not have professional staffs.”
The other half of the tape: Ellen Schumann's own voice is left out of every number here. 3 statements on the record name them. every mention, with the transcript →
Statements about Ellen Schumann, by other people (3)
Liu: Legal documents do not protect limited partners when investments fail
“We spent a lot of time really thinking about how a manager would treat you when things went wrong, because the documents don't protect you. Ellen talked a lot about that. We have to know that they'll make the right decision when something goes wrong.”
Maul: In 2008, Carnegie's private portfolio faced capital calls without distributions
“This was oh eight, and distributions had just totally stopped. She showed me this chart of the private portfolio. Of what should be a self-funding portfolio with capital calls matching distributions. And the chart was wildly out of whack because calls had cont…”
Forman: Yale directly owned real estate assets before pioneering private equity model
“Back in the day, Yale was a direct real estate owner of assets. When I joined, I was put in charge of managing all those assets, and David and Ellen and Donna were pursuing this New model called private equity real estate”
One line per show, most statements first. The link opens Ellen's full record on that show: the calibration, argument clarity, speaking style and every statement made there.
| Show | Role there | Eps | Statements | Record | |
|---|---|---|---|---|---|
 CAPITAL ALLOCATORSLEDGER | Partner Emerita, Edgehill Endowment Partners | 1 | 10 | 100% 1/1 | full record on Capital Allocators → |