How have you been a change agent at
your organization? What have you done
that you’re particularly proud of?
As I have progressed throughout my career,
I have come to appreciate the value of a
top-tier education like the one I received
at Dartmouth. This education would have
been unattainable for me without the
school’s ability to meet my financial aid
needs. The opportunity for people to access
an excellent, often life-changing education, irrespective of financial situation, is a
deeply engrained value of mine. Working
every day to help make a place like Choate
more accessible is something I take great
pride in and am most proud of.
What is the asset class or investment
that keeps you up at night, and why?
Natural Resources—a commodity asset
class threatened by technological disruption.
What methodologies have you adopted
within your institution?
Choate was in great shape before my arrival.
One slight change is that we are taking
a more targeted approach to emerging
markets, looking for managers on a coun-try-by-country basis and spending more
time on the private equity portfolio.
Where do you fall in the passive vs.
Investor dependent. I have been fortunate
to work at three incredible institutions, all of
which generated strong alpha in the active
equity portfolio. However, all three places
were unique in their manager access and
governance structures. Without those last
two components, I would side with passive.
What are the changes you’d like to see
the institutional investing community
make in 10 years?
Less of a focus on career risk and ‘
institutionalization’ and more focus on doing what’s
best for the institution you are at. Easy to
say, hard to do.
Who is a manager you don’t currently
work with whose brain you’d like to pick?
Ideally, where would that meeting take
At a Red Sox vs. Yankees game.
What is the software investment tool
that helps you most?
This may sound old-school for a millennial,
but the telephone and travel apps. Speaking
and meeting with existing and prospective
Chief Investment Officer, Choate Rosemary Hall
Jason is a tenacious investor who quickly develops a
view on things. He is unfazed by wealth or status and
will go to the mat with anyone to defend his opinions.
He looks beyond the surface flaws of an investment to
perceive the compelling characteristics underneath.
He is an accomplished investor and just became CIO
of Choate endowment in his early 30’s.
managers is the most important aspect of this
job and can’t be replaced by fancy research
management or analytical programs. At the
end of the day, as allocators, we are hiring
great management teams to execute for us,
and the only way to build confidence in management teams is spending time with them.
What would improve the relationship
between you and managers?
Candid conversations about mistakes. The
best managers I work with own their mistakes and learn from them.
Why did you choose your current path?
For me, the work is fascinating. To do something that benefits some of America’s greatest educational treasures brings me a lot of