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Jim Dunn

CEO, Verger Capital Management · 2 appearances on the record.

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investorexecutivefounderhostLinkedIn ↗vergercapital.com ↗

Dunn founded and leads Verger Capital Management, an outsourced CIO firm established in 2014 to manage multi-asset portfolios for non-profit institutions. Prior to Verger, he served as Vice President and Chief Investment Officer of Wake Forest University's endowment and as Managing Director and CIO of Wilshire Funds Management.

31statements → 10claims → 6claims resolved → 50%fully supported → 3.97/5average certainty → 1.94/5average debate potential → ≈4.5/5argument clarity, estimated → 25said about them ↓

3 supported 2 partly supported 1 contradicted 4 not checkable as stated how the 10 claims stand · each chip opens the sources

10 assertions · 1 opinion · 8 insights · 12 disclosures · every statement was checked. The predictions and assertions are the 10 claims: statements the public record can support or contradict. 6 are resolved, and 4 name no date, number or outcome precise enough to check. Everything else (opinions, insights, what ifs, disclosures) can never be settled by the record, so it carries no assessment.

The record, in short

What the tape says about how Jim argues and how the claims held up. Everything they said, and everything said about them, is in the tabs below.

Their most notable supported claim

Assertion Supported
Dunn: Post-2008 illiquidity forced university endowments to borrow or reduce payouts
“After the crisis, because you had a lot of schools that basically were illiquid because they had hedge funds that locked up on them, private equity distributions, and these schools didn't have the money to pay their distribution. So they were stuck. And now so…”
Jim Dunn Sep 4, 2017 ▶ 19:33 Jim Dunn – Protect, Perform, Provide (Capital Allocators, EP.24)

Their most notable contradicted claim

Assertion Contradicted
Dunn: 85% of Wake Forest endowment payout funds financial aid
“For Wake Forest, 85% of the payout goes to financial aid.”
Jim Dunn Sep 4, 2017 ▶ 21:35 Jim Dunn – Protect, Perform, Provide (Capital Allocators, EP.24)

How they sound: not measured why? →

We measure speaking style by listening to the audio itself, and a fair number needs at least 2,000 words from one person on tape we have measured. There is too little of Jim Dunn on measured tape to publish a rate. This says nothing about how they speak.

Everything Jim Dunn said on Capital Allocators that made the record, most notable first. Filter by type, assessment or year in the ledger →

Assertion Supported
Dunn: Duke endowment had $5B and 28 staff vs Wake's $700M and 6
“Duke is five billion with 28 people. We're awake with 700,000,006.”
Jim Dunn Sep 4, 2017 ▶ 26:39 Jim Dunn – Protect, Perform, Provide (Capital Allocators, EP.24)
Assertion Not checkable as stated
Dunn: Verger pays 75 bps for legacy managers now charging 3-and-25
“And we were paying, you know, 75 basis points for some of these managers that now charge three and 25. But we've been there for 15 years, and we've got capacity.”
Jim Dunn Sep 4, 2017 ▶ 30:20 Jim Dunn – Protect, Perform, Provide (Capital Allocators, EP.24)
Disclosure
Dunn: Verger sets asset allocation annually while hedging daily
“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.”
Jim Dunn Sep 4, 2017 ▶ 41:58 Jim Dunn – Protect, Perform, Provide (Capital Allocators, EP.24)
Disclosure
Dunn: Verger gives Guggenheim's Scott Minerd full discretion via separate account
“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.”
Jim Dunn Sep 4, 2017 ▶ 43:43 Jim Dunn – Protect, Perform, Provide (Capital Allocators, EP.24)
Disclosure
Dunn: Verger invested in Forerunner Ventures through diversity diligence
“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.”
Jim Dunn Sep 4, 2017 ▶ 49:26 Jim Dunn – Protect, Perform, Provide (Capital Allocators, EP.24)
Disclosure
Dunn: Wake Forest pioneered using external managers' trading desks for endowment hedging
“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…”
Jim Dunn Sep 4, 2017 ▶ 50:42 Jim Dunn – Protect, Perform, Provide (Capital Allocators, EP.24)
Disclosure
Dunn: Verger avoids equity co-investments due to staffing constraints
“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.”
Jim Dunn Sep 4, 2017 ▶ 53:14 Jim Dunn – Protect, Perform, Provide (Capital Allocators, EP.24)

The other half of the tape: Jim Dunn's own voice is left out of every number here. Other people bring the name up 25 times in 5 episodes on Capital Allocators. every mention, with the transcript →

Who brings them up most Ted Seides 18Kip McDaniel 6Muthu Muthiah 1

Every mention by year

tap a year for its mentions
0010120220172018201920202021202220232024episodesmentions
01220172018201920202021202220232024episodes it came up in
00418220172018201920202021202220232024episodesmentions per episode
2024 16 mentions in 2 episodes 8 per episode
2023 1 mention in 1 episode
2017 8 mentions in 2 episodes 4 per episode

Appearances (2)

EpisodeDateSpeaking time
Julia Bonafede – Rosetta Analytics (Manager Meetings, EP.04) Jul 29, 2021 7m
Jim Dunn – Protect, Perform, Provide (Capital Allocators, EP.24) Sep 4, 2017 46m
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