Ellen Schumann

8 statements across 2 episodes · 2 bullish · 4 bearish · 4 people on the record · first statement Sep 25, 2023 by Alan Forman · across every show →

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

Everything said about Ellen Schumann, oldest first

Sep 25, 2023
Assertion Supported
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”
Alan Forman Sep 25, 2023 ▶ 7:50 Alan Forman – Yale Endowment Real Estate (EP.340)
Apr 1, 2024 negative
Insight
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.”
Kim Lew Apr 1, 2024 ▶ 29:26 Training Grounds – Carnegie Corporation of New York (EP.377)
Apr 1, 2024 positive
Insight
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…”
Ellen Schumann Apr 1, 2024 ▶ 19:47 Training Grounds – Carnegie Corporation of New York (EP.377)
Apr 1, 2024
Assertion Not checkable as stated
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…”
Elisa Maul Apr 1, 2024 ▶ 17:00 Training Grounds – Carnegie Corporation of New York (EP.377)
Apr 1, 2024 positive
Insight
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”
Ellen Schumann Apr 1, 2024 ▶ 39:18 Training Grounds – Carnegie Corporation of New York (EP.377)
Apr 1, 2024 negative
Opinion
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.”
Ellen Schumann Apr 1, 2024 ▶ 20:40 Training Grounds – Carnegie Corporation of New York (EP.377)
Apr 1, 2024 negative
Insight
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…”
Ellen Schumann Apr 1, 2024 ▶ 41:58 Training Grounds – Carnegie Corporation of New York (EP.377)
Apr 1, 2024 negative
Insight
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…”
Ellen Schumann Apr 1, 2024 ▶ 25:56 Training Grounds – Carnegie Corporation of New York (EP.377)
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