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Paula Volent

10 statements across 2 episodes · 4 bullish · 2 bearish · 2 people on the record · first statement Oct 25, 2021 by Paula Volent · said 9 times in 6 episodes since 2017 · across every show →

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

Mentions by year

brought up most by Ted Seides (6), Kip McDaniel (3)

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0122017201820192020202120222023episodes it came up in
001.51322017201820192020202120222023episodesmentions per episode
2023 1 mention in 1 episode
2022 1 mention in 1 episode
2021 3 mentions in 1 episode
2019 2 mentions in 1 episode
2017 2 mentions in 2 episodes 1 per episode

every mention, scene by scene, with the transcript →

Everything said about Paula Volent, oldest first

Oct 25, 2021 positive
Assertion Not checkable as stated
Bowdoin's endowment outperformance was driven entirely by manager selection, not allocation
“If you look back on the attribution of our performance over the years, it's all manager selection, and I think asset allocation is important, but as, like, even today, asset allocation gets blurry.”
Paula Volent Oct 25, 2021 ▶ 17:10 Paula Volent – Star Endowment Manager's Next Act at Rockefeller University (Capital Allocators, EP.219)
Oct 25, 2021 positive
Insight
During market crashes, ensure managers remain engaged and take calculated risks
“I always remember like in big drawdowns, like in March after the COVID was starting to happen, the March drawdown, you want to make sure your manager is sitting back up on their chair and looking at their screen rather than under their desk, and so I'm always …”
Paula Volent Oct 25, 2021 ▶ 30:17 Paula Volent – Star Endowment Manager's Next Act at Rockefeller University (Capital Allocators, EP.219)
Oct 25, 2021 negative
Insight
Re-upping into a troubled manager's subsequent fund is never a good idea
“The biggest mistake is not reading legal documents, but the other one is sort of thinking I can give a manager where I have a really bad feeling, and something is happening, or a person left one more chance and re-up to their next fund, thinking I'll squeeze o…”
Paula Volent Oct 25, 2021 ▶ 40:43 Paula Volent – Star Endowment Manager's Next Act at Rockefeller University (Capital Allocators, EP.219)
Oct 25, 2021 positive
Disclosure
Volent prefers investing in venture capital firms raising $250M to $350M
“I really like the venture capital firms that are raising 253 hundred and fifty million.”
Paula Volent Oct 25, 2021 ▶ 25:49 Paula Volent – Star Endowment Manager's Next Act at Rockefeller University (Capital Allocators, EP.219)
Oct 25, 2021
Disclosure
Volent traded art conservation services for works by Ruscha and Francis
“I worked for Ed Ruscha, Sam Francis, you know, a lot of artists today, and we would do trades because they were broken, I was broken, and they could never pay me. So that turned out to be sort of lucrative later on in life.”
Paula Volent Oct 25, 2021 ▶ 8:51 Paula Volent – Star Endowment Manager's Next Act at Rockefeller University (Capital Allocators, EP.219)
Oct 25, 2021
Insight
Scale impairs performance, giving an advantage to smaller, meaningful portfolio allocations
“Scale doesn't work in many asset classes, and so The ability to invest small amounts of money, but it will make a big impact on the bottom line is important.”
Paula Volent Oct 25, 2021 ▶ 25:54 Paula Volent – Star Endowment Manager's Next Act at Rockefeller University (Capital Allocators, EP.219)
Oct 25, 2021
Disclosure
Volent created an emerging manager fund to secure capacity and lower fees
“So one of the things I did at Bowdoin in the hedge fund was start an emerging managers fund where we didn't take economics, but we would usually get capacity rights, maybe a lower fee, like all that.”
Paula Volent Oct 25, 2021 ▶ 21:01 Paula Volent – Star Endowment Manager's Next Act at Rockefeller University (Capital Allocators, EP.219)
Oct 25, 2021 positive
Assertion Not checkable as stated
One of Volent's macro managers is generating strong returns trading carbon credits
“One of our managers is making good money by trading carbon credits, so that's a really interesting area.”
Paula Volent Oct 25, 2021 ▶ 34:57 Paula Volent – Star Endowment Manager's Next Act at Rockefeller University (Capital Allocators, EP.219)
Oct 25, 2021 neutral
Assertion Not checkable as stated
In 2021, venture capital funds returned to market faster than ever
“I've never seen funds come back to market so fast in my whole career, and so you're always doing these re-ups, where before you had a lot of time to do the due diligence and think about it.”
Paula Volent Oct 25, 2021 ▶ 33:48 Paula Volent – Star Endowment Manager's Next Act at Rockefeller University (Capital Allocators, EP.219)
May 5, 2022 negative
Opinion
Drobny: Endowments are not smart money; committees just fund obvious investments
“People think endowments are the smart money, and I disagree. I think endowments are often run by committee And of a dozen smart people in the room that are paid a lot of money that give money to the obvious stuff. And committees kind of push people towards tha…”
Steve Drobny May 5, 2022 ▶ 39:33 Steve Drobny – Where the World is Going at Clocktower Group (Manager Meeting, 30)
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