Verger Capital Management

“It's not very dynamic. It's basically once a year... We have a tactical overlay, which is the hedge, and that's every day. So the real asset allocation work is done once a year.”

“We had a chance to do something pretty unique with Verger spinning it out, and it wasn't our idea. It was the university's idea.”

“How many endowments are, you know, less than. 20% in U S equities. There are very few that have that exposure. You know, we have more emerging markets at frontier than the portfolio than we do there.”

“We're typically not going to do a co-investment in a equity name, because we don't, we can't do the work to go and be able to say, we don't have 12 people to put on a stock and say, go look at the balance sheet, go meet with the management team.”

“If there's two managers and they're equal and one does and one doesn't, we're gonna hire the one with the gender equity policy.”

“And we asked, can we help? Can we use your balance sheet? Can we use your trading desk? Can we use your collateral to manage this portfolio? And they said, Sure. Why not? Now that's become a big business for them. They've got hundreds of billions of dollars. W…”

“You know, Forerunner. Great investment. Kirsten Green. Great investor. Warby Parker. Dollar Shave Club. But that was led by looking at gender equity policies and trying to find women-owned investors.”

“We're very fortunate, you know, we've got a West Coast manager who I really like, Scott Minard at Guggenheim, who I think is a bon savant. And we basically let him go and do what he wants to do.”

“If you give an activist money and you know, we get our money from our donors and some of our donors sit on publicly traded companies, and they're CEOs, and they gave us a million dollars for the endowment, and all of a sudden we take that money, give it to an …”

“China and Russia, we can't do it because we believe in the rule of law. So we're not going to invest in those areas in a big way.”