In this episode of Allocator’s Edge on the Value Perspective we’re joined by Jim Dunn. Jim is the CEO of Verger Capital Management and has been with the firm since 2014. Prior to this Jim was Vice-President and Chief Investment Officer at Wake Forest University, responsible for investment of the University’s endowment, working capital and life income assets.  Verger caught our eye because they are an outsourced chief investment officer (OCIO) that exclusively serves non-profits including educational institutions, non-profit healthcare and community and cultural foundations. Verger was created by Jim at the Wake Forest University Office of Investments as a spin-off OCIO to serve other endowments and their client base has continued to grow ever since. We sat down with Jim to discuss: Verger’s fascinating history; how inflation impacts endowment economics; their 3P mantra – Protect, Perform and Provide; asset allocation based on reverse optimisation; his thoughts on volatility and liquidity inside an endowment mandate; and finally, how do you make sure you have the right decision-making environment. Enjoy!

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