Episode 231: Jane Buchan: Co-Founder of PAAMCO; Founder of Martlet Asset Management - Notes from the Room Where It Happened

Jane Buchan is CEO of Martlet Asset Management, based in Newport Beach CA. She was one of the co-founders of Pacific Alternative Asset Management in 2000, which grew to $32 bn n AUM under her leadership. She was been a chair of the Board of CAIA as well as an Assistant Professor of Finance at the Amos Tuck School of Business at Dartmouth and has a number of Board roles. Jane's career straddles academic life and an entrepreneurial and business one, and she describes how her time as a professor taught her to be comfortable being an outsider, and confident in challenging the status quo. We follow her into consulting and then into striking out boldly to service a select group of large institutions - the genesis of what became PAAMCO. The unique structure and approach taken by PAAMCO led it to stand apart from peers, and we discuss some birthing pains that launching a new approach entailed. Moving to her current portfolio of roles, we examine the growth of group think in governance structures, and how developing a voice should be approached. We move then to topics of leadership, decision making and mentorship. Overall this is a richly layered conversation from one of the founders of the approach to hedge funds as we know it among institutions today. This bonus series is kindly supported by Sound Mark Partners. Sound Mark Partners LLC is a women-owned and led private credit firm focused on commercial real estate.