Anne Martin

15 statements across 1 episodes · 4 bullish · 5 bearish · 1 people on the record · first statement Dec 2, 2019 by Anne Martin · said 1 times in 1 episodes since 2022 · across every show →

On the record as a speaker too: Anne Martin's record, appearances and statements → this page counts the times other people say the name.

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Everything said about Anne Martin, oldest first

Dec 2, 2019 neutral
Insight
Martin: Allocators Must Triple-Check Diligence When Top Endowment Peers Pass
“If you find somebody you like and no other great investors are investing alongside you, I think you have to ask yourself, like, am I that much smarter than all these people at Yale who have been doing this for 20 years or at Princeton or at Stanford? Like, why…”
Anne Martin Dec 2, 2019 ▶ 29:40 Anne Martin - Pulling the Oars as CIO of Wesleyan University (Capital Allocators, EP.114)
Dec 2, 2019 positive
Opinion
Martin: Bias against bombastic managers probably favors the endowment
“There's lots of opportunities, so it's, I think it's okay, and I don't have any facts to prove this, but I think the bias is probably in our favor on that one.”
Anne Martin Dec 2, 2019 ▶ 18:54 Anne Martin - Pulling the Oars as CIO of Wesleyan University (Capital Allocators, EP.114)
Dec 2, 2019 positive
Disclosure
Martin: San Francisco Network Provided Crucial Diligence for Yale Venture Underwriting
“Because I was in emerging growth technology, there was a whole network of people that I knew from my nine years in San Francisco that were venture capitalists, growth equity investors, CEOs, and that provided a really nice database for me when underwriting new…”
Anne Martin Dec 2, 2019 ▶ 11:41 Anne Martin - Pulling the Oars as CIO of Wesleyan University (Capital Allocators, EP.114)
Dec 2, 2019
Insight
Martin: Small Endowments Have Capital for Niche Investments But Lack Staff
“Great paradox of the small endowment is that we have the capital base to do really interesting things, but we don't have the people in terms of resources on your team.”
Anne Martin Dec 2, 2019 ▶ 37:53 Anne Martin - Pulling the Oars as CIO of Wesleyan University (Capital Allocators, EP.114)
Dec 2, 2019 negative
Assertion Not checkable as stated
Wesleyan Endowment Was Non-Compliant with Decades-Old Policies When Martin Arrived
“There was one person there with some institutional memory. There were a lot of Excel spreadsheets with our historical performance, none of which I was certain didn't have fat finger errors in them. And there was a portfolio with 26 managers in it. And there wa…”
Anne Martin Dec 2, 2019 ▶ 22:15 Anne Martin - Pulling the Oars as CIO of Wesleyan University (Capital Allocators, EP.114)
Dec 2, 2019 bearish
Opinion
Martin: Unable to Develop Conviction in Machine-Based Investment Strategies
“I don't know how to get conviction in something that's machine based.”
Anne Martin Dec 2, 2019 ▶ 47:13 Anne Martin - Pulling the Oars as CIO of Wesleyan University (Capital Allocators, EP.114)
Dec 2, 2019
Disclosure
Martin: Managers must be articulate enough to reveal their thinking
“I don't really have to like the person, but I have to respect them enough, and I have to be able to have a conversation with them, and they have to be interesting enough and articulate enough to help me get inside their mind.”
Anne Martin Dec 2, 2019 ▶ 19:41 Anne Martin - Pulling the Oars as CIO of Wesleyan University (Capital Allocators, EP.114)
Dec 2, 2019 negative
Insight
Martin: Repeated non-lead deals reveal a venture firm's fading access
“Interpreting if a manager is in your conference room and you're saying, tell me about these five deals and, you know, to ask, were you the lead? Were you the lead? Were you the lead? No, no, no. And you start to realize, okay, this manager has fallen from a pl…”
Anne Martin Dec 2, 2019 ▶ 15:39 Anne Martin - Pulling the Oars as CIO of Wesleyan University (Capital Allocators, EP.114)
Dec 2, 2019 negative
Disclosure
Martin: Wesleyan deliberately excludes mining and non-US real estate investments
“So right off the bat, we said, look, we're not going to do any mining. We're not going to do any real estate outside of the US. We're not going to go to these parts of the world. It doesn't matter if that's in the index. We're just not doing it.”
Anne Martin Dec 2, 2019 ▶ 38:41 Anne Martin - Pulling the Oars as CIO of Wesleyan University (Capital Allocators, EP.114)
Dec 2, 2019 neutral
Disclosure
Martin: Wesleyan manages its endowment with five people across ~60 managers
“I think we're somewhere around 60 managers across the entire endowment, and there are five of us.”
Anne Martin Dec 2, 2019 ▶ 36:29 Anne Martin - Pulling the Oars as CIO of Wesleyan University (Capital Allocators, EP.114)
Dec 2, 2019 negative
Disclosure
Martin Refuses Meetings for Factor Risk and Smart Beta Products
“One of the ways we do that is we don't go to any conferences. Another way we do that is we don't meet with any firms that are trying to sell us, you know, factor risk or smart beta or any of those things”
Anne Martin Dec 2, 2019 ▶ 46:45 Anne Martin - Pulling the Oars as CIO of Wesleyan University (Capital Allocators, EP.114)
Dec 2, 2019
Disclosure
Martin: Wesleyan raised its illiquidity ceiling from 35% to 42%
“So when I started, it was about 35% we set as a ceiling, and now it's up to 42%. But we've had to do that gradually over time, and at a billion, we've got more room to do that.”
Anne Martin Dec 2, 2019 ▶ 24:09 Anne Martin - Pulling the Oars as CIO of Wesleyan University (Capital Allocators, EP.114)
Dec 2, 2019
Insight
Martin: Wesleyan prefers high-confidence 12% returns over uncertain 16-17% returns
“But I would rather have a high confidence, 12% return than a really not high confidence, 16% return or 17% return.”
Anne Martin Dec 2, 2019 ▶ 40:15 Anne Martin - Pulling the Oars as CIO of Wesleyan University (Capital Allocators, EP.114)
Dec 2, 2019 positive
Insight
Martin: Institutional Allocators Do Not Need to Participate in Every Good Deal
“Tim Sullivan used to say this thing, which has really stuck with me, and I repeat it often, which is, you don't have to do every good deal. Just every deal that you do has to be good. And so you have to be not afraid to miss something good. So you're really pl…”
Anne Martin Dec 2, 2019 ▶ 16:44 Anne Martin - Pulling the Oars as CIO of Wesleyan University (Capital Allocators, EP.114)
Dec 2, 2019 positive
Insight
Martin: Allocators Should Avoid Investing With Managers They Wouldn't Dine With
“If you don't want to go to dinner with them, I often tell my group this now, if you don't want to go to dinner with them, let's not invest with them. Because you're not really investing for the good times, you're investing for the really terrible times when yo…”
Anne Martin Dec 2, 2019 ▶ 17:55 Anne Martin - Pulling the Oars as CIO of Wesleyan University (Capital Allocators, EP.114)
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