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Scott Malpass

24 statements across 3 episodes · 7 bullish · 7 bearish · 3 people on the record · first statement Aug 7, 2017 by Kip McDaniel · said 18 times in 10 episodes since 2017 · across every show →

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

Mentions by year

brought up most by Ted Seides (4), Baroness Dambisa Moyo (3), Michael Mauboussin (2), Margaret Chen (2), Ellen Ellison (2), Bill Spitz (2), Muthu Muthiah (1), Kip McDaniel (1)

tap a year for its mentions
0042832017201820192020202120222023202420252026episodesmentions
0232017201820192020202120222023202420252026episodes it came up in
001.51.5332017201820192020202120222023202420252026episodesmentions per episode
2026 3 mentions in 1 episode
2023 2 mentions in 2 episodes 1 per episode
2021 1 mention in 1 episode
2020 1 mention in 1 episode
2018 8 mentions in 3 episodes 3 per episode
2017 3 mentions in 2 episodes 2 per episode

every mention, scene by scene, with the transcript →

Everything said about Scott Malpass, oldest first

Aug 7, 2017 positive
Prediction Didn’t hold up
McDaniel predicts Scott Malpass will never leave Notre Dame
“Some people, Scott Malpass, will never leave Notre Dame. He's in his dream job.”
Kip McDaniel Aug 7, 2017 ▶ 14:04 Kip McDaniel – CIO Whisperer (Capital Allocators, EP.20)
Sep 18, 2017 positive
Insight
Emerging private equity managers with operating backgrounds possess an advantage
“And, you know, a GP loves the idea of hearing about that, especially if they didn't come from the asset management business, which can be an advantage. Right? They know their sector. You know, they know the people.”
Scott Malpass Sep 18, 2017 ▶ 58:33 Scott Malpass – The Fighting Irish's Twelfth Man (Capital Allocators, EP.25)
Sep 18, 2017
Disclosure
Notre Dame's spending requirements prevent tolerating a decade of factor underperformance
“We're not willing to have 10 years where values out of favor and we've got 90% value managers. That we just can't, we have too much to do here. I mean, sure, you say it's perpetual, but it's perpetual in many ways, but it's also, we got to spend every year, an…”
Scott Malpass Sep 18, 2017 ▶ 25:25 Scott Malpass – The Fighting Irish's Twelfth Man (Capital Allocators, EP.25)
Sep 18, 2017 positive
Assertion Not checkable as stated
Cambridge Associates co-founder Jim Bailey sparked the endowment model in the 1970s
“But I'll give a lot of credit to Jim Bailey at Cambridge because Jim assembled a group of endowments in the seventies to talk about these issues. And that, from those meetings, came the endowment model.”
Scott Malpass Sep 18, 2017 ▶ 21:22 Scott Malpass – The Fighting Irish's Twelfth Man (Capital Allocators, EP.25)
Sep 18, 2017 positive
Assertion Not checkable as stated
Institutional CIOs share due diligence and collaborate more frequently today
“My peers, you know, I'm not afraid to go call another CIO if I hear they might be looking at the same thing, and we'll share due diligence and confirm. You know, I think people are doing that more today, to be honest, than they used to. I don't think there was…”
Scott Malpass Sep 18, 2017 ▶ 46:55 Scott Malpass – The Fighting Irish's Twelfth Man (Capital Allocators, EP.25)
Sep 18, 2017 negative
Insight
Investment managers fail most often by raising too much capital
“Most of the time when people don't become successful, They ended up getting away from some of their own core beliefs. You know, they ended up raising too much money.”
Scott Malpass Sep 18, 2017 ▶ 49:52 Scott Malpass – The Fighting Irish's Twelfth Man (Capital Allocators, EP.25)
Sep 18, 2017 positive
Assertion Not checkable as stated
Private equity fund formation is shifting from rigid pitchbooks to LP collaboration
“So we, we're seeing more of that in different sectors, whether it's consumer goods, healthcare, energy, you know, definitely seeing more opportunities for To partner with people in those ways. And that, that wasn't the case before. They'd show up with a pitch …”
Scott Malpass Sep 18, 2017 ▶ 57:38 Scott Malpass – The Fighting Irish's Twelfth Man (Capital Allocators, EP.25)
Sep 18, 2017 bearish
Disclosure
Malpass has never found a single good investment idea on the internet
“You're going to get ideas from smart, experienced people who've been around, not from looking online. Online can affirm things. You can develop some of the thesis. It could give you research, put the framework around it, but the best ideas, I haven't gotten on…”
Scott Malpass Sep 18, 2017 ▶ 45:28 Scott Malpass – The Fighting Irish's Twelfth Man (Capital Allocators, EP.25)
Sep 18, 2017 neutral
Disclosure
Malpass notes long-time hedge fund partners are working less than before
“We've had long-time partners, some of the best people ever in the business, they're clearly not putting the time in they used to.”
Scott Malpass Sep 18, 2017 ▶ 52:18 Scott Malpass – The Fighting Irish's Twelfth Man (Capital Allocators, EP.25)
Sep 18, 2017 positive
Assertion Not checkable as stated
Notre Dame is one of Sequoia Capital's largest domestic investors
“Now we're, you know, one of the largest investors with Sequoia in the country, and it's been a fabulous friendship and partnership.”
Scott Malpass Sep 18, 2017 ▶ 19:19 Scott Malpass – The Fighting Irish's Twelfth Man (Capital Allocators, EP.25)
Sep 18, 2017 bullish
Opinion
Malpass rejects the narrative that index fund inflows structurally overvalue stocks
“Well, I don't believe that because there's been a lot of flows in the past that all these stocks are overvalued. They're structurally overvalued and people are gonna lose money because they're buying at a high. I don't believe in that general narrative, to be …”
Scott Malpass Sep 18, 2017 ▶ 29:19 Scott Malpass – The Fighting Irish's Twelfth Man (Capital Allocators, EP.25)
Sep 18, 2017
Disclosure
Pope Francis appointed Scott Malpass to the Vatican Bank board in 2016
“I, I'm, I serve on the board of the Vatican Bank, I think you might know. I was appointed by Pope Francis to that last year.”
Scott Malpass Sep 18, 2017 ▶ 1:20:52 Scott Malpass – The Fighting Irish's Twelfth Man (Capital Allocators, EP.25)
Sep 18, 2017 bearish
Assertion Contradicted
Malpass estimates that 80% to 90% of unicorn startups fail
“You know, I think the data shows that 80 plus percent, maybe 90% of unicorns don't make it, so I don't get too high and fired up.”
Scott Malpass Sep 18, 2017 ▶ 37:49 Scott Malpass – The Fighting Irish's Twelfth Man (Capital Allocators, EP.25)
Sep 18, 2017 bearish
Opinion
Malpass argues only 50 or 60 global investors can execute the endowment model
“And I would argue there might only be 50 or 60 investors in the world who really can do this model well. I don't think there's a lot. I think most people should be using more of these other techniques.”
Scott Malpass Sep 18, 2017 ▶ 28:51 Scott Malpass – The Fighting Irish's Twelfth Man (Capital Allocators, EP.25)
Sep 18, 2017 neutral
Assertion Supported
Malpass became Notre Dame's endowment CIO at age 26 in 1989
“So in April of 89, I became CIO at age 26.”
Scott Malpass Sep 18, 2017 ▶ 8:16 Scott Malpass – The Fighting Irish's Twelfth Man (Capital Allocators, EP.25)
Sep 18, 2017
Disclosure
Public equity represents roughly 40% of Notre Dame's endowment portfolio
“So our public equity bucket, which includes long short equity, is about 40%. But long short's about 10%, so a quarter of that.”
Scott Malpass Sep 18, 2017 ▶ 26:26 Scott Malpass – The Fighting Irish's Twelfth Man (Capital Allocators, EP.25)
Sep 18, 2017
Disclosure
Notre Dame's endowment is doing record amounts of PE and real estate co-investing
“We do more co-investing in real estate and private equity than we've ever done, you know.”
Scott Malpass Sep 18, 2017 ▶ 22:12 Scott Malpass – The Fighting Irish's Twelfth Man (Capital Allocators, EP.25)
Sep 18, 2017 negative
Opinion
Public investment research is a commodity and direct calling is forgotten
“The public sources are now a commodity, and there's a lot of them. People forgot how to get on the phone and call people.”
Scott Malpass Sep 18, 2017 ▶ 45:07 Scott Malpass – The Fighting Irish's Twelfth Man (Capital Allocators, EP.25)
Sep 18, 2017 negative
Disclosure
Notre Dame halted its GP stake ownership strategy to avoid conflicts
“At one point, it was very fashionable to want to buy a part of the GP. Or want to, you know, have an ownership stake, or buy some of the cash flow of a hedge fund. We did one of those, and it's been fine. It's worked out. There's still a partner. It's been fin…”
Scott Malpass Sep 18, 2017 ▶ 1:02:57 Scott Malpass – The Fighting Irish's Twelfth Man (Capital Allocators, EP.25)
Sep 18, 2017 negative
Opinion
Benchmarking endowment CIO compensation against peer performance is a distracting mistake
“See, I think that's a mistake. We do not have that. We never had it, and our board will, I don't think they'd ever do that. That, that, we don't, Honestly, at the end of the day, we don't really care that much what other people are doing. We, we've got our own…”
Scott Malpass Sep 18, 2017 ▶ 47:29 Scott Malpass – The Fighting Irish's Twelfth Man (Capital Allocators, EP.25)
Sep 18, 2017 neutral
Disclosure
Notre Dame strictly limits direct real estate investments to nearby Chicago
“In our size, look, we're not going to have 10 of those in our portfolio, and Chicago's a great market for us. We wouldn't probably do that anywhere else, or it'd be very limited because it's so close to us.”
Scott Malpass Sep 18, 2017 ▶ 17:38 Scott Malpass – The Fighting Irish's Twelfth Man (Capital Allocators, EP.25)
Sep 18, 2017 neutral
Insight
Building an effective institutional private equity program takes at least a decade
“People ask me, I want to start a private equity program. How long is it going to take to get a, it's a decade, maybe more, but it's probably at least that, right?”
Scott Malpass Sep 18, 2017 ▶ 1:00:28 Scott Malpass – The Fighting Irish's Twelfth Man (Capital Allocators, EP.25)
Sep 18, 2017
Assertion Partly supported
Notre Dame's endowment grew from $400 million to over $12 billion
“Like I said, I was, it was four hundred million dollars when I started. Now we're, our pool's over twelve billion.”
Scott Malpass Sep 18, 2017 ▶ 23:13 Scott Malpass – The Fighting Irish's Twelfth Man (Capital Allocators, EP.25)
Oct 2, 2017
Insight
Ellison: Leadership turnover is deadly for institutional endowment performance
“I think turnover is deadly in our business, and so to the extent that you can keep Leadership and strategy intact and going for at least a decade, and in Scott's case, what, three decades? I mean, it's amazing.”
Ellen Ellison Oct 2, 2017 ▶ 46:42 Ellen Ellison – Playing to Your Strengths (Capital Allocators, EP.27)
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