Last year Tim Recker was asked whether venture capital was in a bubble. Back to venture, is it a bubble? I don’t know. I think valuations may be ahead of themselves, but I don’t think it’s an issue of real companies not being...
Read moreTexas Permanent School Fund History
The Texas Permanent School Fund was one of the first sovereign wealth funds ever created. The Texas Permanent School Fund (Fund) was created with a $2,000,000 appropriation by the Legislature of 1854 expressly for the benefit of the public...
Read moreILPA Due Diligence Questionnaire Template
If you are fundraising for your first fund, the Institutional Limited Partners Association (ILPA) prepared a template due diligence questionnaire for you. The ILPA Due Diligence Questionnaire (ILPA DDQ) was designed to ease the administrative...
Read moreJosh Wolfe on Science Fiction at Cornell
Josh Wolfe, the founder of Lux Capital, spoke to students at Cornell earlier this year on the type of startups he looks for to invest. Josh recognizes that we live in an age where science fiction is quickly becoming science fact, which is why his...
Read moreCapital Allocators Presents: First Meeting with Ted Seides
I’m excited to announce the launch of a spinoff of capital allocators called first meeting. First meeting episodes will be conversations with leading investment managers across asset classes. First meeting will seek to catalyze a step...
Read morePatrick O’Shaughnessy – O’Shaughnessy Asset Management (First Meeting, EP.01)
Patrick O’Shaughnessy is the CEO of O’Shaughnessy Asset Management, the host of the Invest Like the Best podcast, and a great friend. Patrick’s podcast and widely read monthly mailing list of books, available at investorfieldguide.com, have...
Read moreJob Duties at Columbia Endowment
What are the responsibilities of a Director of Investments inside an endowment? Ongoing development of the portfolio, including the contribution to the investment process at [two] levels: high-level asset allocation and risk management Analysis...
Read moreEndowment Purpose at Duke
Three years ago, Congress asked 56 schools to provide more information on their endowments. Duke responded. Like many educational, cultural and health care institutions, Duke relies on an endowment to provide a permanent source of financial...
Read moreStanford CIO Rob Wallace on the Endowment
Last week Rob Wallace gave a brief interview on the endowment with the school newspaper. You can think of the broader market as dictating a material portion of our performance, but not all [of it]. The Merged Pool is fairly diversified by region...
Read moreDartmouth College Budget
Ivy League schools these days are billion-dollar enterprises. The College reported over $1.435 billion in total revenue, including $404 million in contributions and grants, $519 million in program service revenue — meaning tuition, fees, housing...
Read moreCapital Allocators Monthly – May 2019
Announcements and Gratitudes * Last month I wrote that I’m looking for my next opportunity to manage capital. I received a few interesting inbounds, along with some questions about specifics. I would like to join or lead a terrific group of...
Read moreKhe Hy – Radical Shift from Investing to Purpose (EP.101)
Khe Hy rose to be one of the youngest Managing Directors at Blackrock’s hedge fund of funds business. In his 30s he left the industry to explore what would come next. His path led to creating the RadReads blog and coaching about facing fears and...
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