The Ledger, every show
Every statement that passed quotation and attribution checks, across all 44 shows. Pick shows below, then mix any filter with any other.
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every show 44 of 44
Williams College's value-add comes entirely from manager selection, not market timing
“You know, all of our value add is in manager selection. It's not in calling the market or anything like that. When we do the attribution work, it's all manager selection.”
Pension fund returns drove Lucent's corporate earnings in the 1990s
“I used to make the joke that Lucent was really a pension fund with a little bit of technology on the side, which is what drove the earnings of the company for that whole time, but nobody thought that joke was funny except for me, but it was actually pretty clo…”
Lucent headcount plunged from 150,000 to 8,000 during Chilton's tenure
“When I started at Lucent, there were a 150,000 employees, and when I left, there were 8000 employees.”
Andreas Halvorsen helped start Williams' portfolio, imparting Tiger's investing style
“Andreas Halvorsen was part of the committee that started this portfolio, and there are a lot of Williams people who have worked at Tiger or Tiger family firms, and so what that means for our portfolio today is there's kind of this fundamental bottom-up kind of…”
Williams was the first endowment to replace its custodian with an administrator
“We did one thing that was innovative, I thought, and saved us a lot of money and headaches is we moved away from a custodian and hired an administrator, which at the time we did it, nobody had done that in the endowment world, and not very many people have don…”
Williams College endowment supports over 50% of the operating budget
“Whereas at Williams, we support over 50% of the operating budget, so it's incredibly important, but there are like people I knew who retired and were relying on what we did every day.”
AT&T was among the first corporate pensions to back venture capital
“AT&T was one of the first corporate pension funds to invest in venture capital and private equity.”
Williams College invested in earliest CD&R and Madison Dearborn funds
“Joe Rice's good friend was John Canning. So we were in like the earliest CDNR and Madison Dearborn funds.”
Bill Simon, Andreas Halvorsen, and Paul Singer advised Williams College
“So the chair of that committee was Bill Simon, is famous for almost being the Republican governor of California. He's a wonderful person and a dear friend. So he chaired that and then people on the committee were like Andreas Halverson and Paul Singer and just…”
Williams College endowment grew from $1.5 billion to $3 billion
“You know, when I started, the pool was 1.5 billion, and now it's three billion over 14 years, and we've tried to keep the number of managers the same as when I started.”
Elliott's Paul Singer was a longtime Williams investment committee volunteer
“Paul was an incredible committee member and served for a long time, and he's not an alum. He has two sons who went to Williams, which is how he got involved and was an incredible non-alum volunteer.”