Environmental factors are known to modify the life history of marine ectotherms. In a 16-month laboratory experiment, we investigated the influence of temperature and presence of predators on life-history parameters including shell growth, survival and the energy investment in reproduction and body mass of the short-lived (2-3 years) scallop Argopecten ventricosus. In parallel, A. ventricosus was maintained in the field at the Pacific coast of Baja California, México, to compare growth, survival and reproductive effort under natural conditions. For the laboratory treatments, scallops were reared at simulated field temperatures (SFT), 5°C above SFT and in the presence of predators. Elevated water temperatures caused higher growth and gonad production, although at the cost of increased mortality. Presence of predators induced energy allocation to muscle rather than gonad growth, deferred spawning and extended survival. Field scallops exhibited higher growth, higher reproductive investment and were able to reproduce twice, whereas all laboratory scallops died after the first spawning. The natural variability of environmental parameters such as food and temperature may thus support optimal growth in the field, and when animals are protected from predators, reproduction in the second year of life. © 2011 Blackwell Publishing Ltd.