What have you done that you’re particularly proud of?
We sponsor quite a few first-time funds, which
can be challenging, but also very gratifying.
It’s always fun to participate in something
from initial concept all the way to thriving
organization. Also, these investments require
an extremely high degree of faith in the people, and close personal connections always
make success more enjoyable.
What is the asset class or investment
that keeps you up at night, and why?
I’ll say student loan debt, in part because of
the macro headwinds caused by that $1.4
trillion. But especially concerning is when
talking to young people, I see it’s causing a
lot of angst, and impacting their careers and
personal decisions they make.
What methodologies have you adopted
within your institution?
Right now, most institutions are trying to find
the right balance between generalists and
asset class specialists. Although I work mainly
on private asset classes, we’ve done a lot to
foster cross-collaboration within our team.
For instance, our work on Chinese private
equity has been greatly aided by having two
Mandarin-speaking colleagues. That language skill is important, but I’d argue just
as important has been honing our culture
of teamwork and collaboration. I regularly
turn to my colleagues for input, and they do
the same. It improves decision making, and
makes the job more fun!
Where do you fall in the passive vs.
I believe in active management, but with a
healthy respect for the efficiency of markets.
Knowing that the vast majority of active
managers won’t beat the market is a constant
reminder that we must be meticulous in our
What are the changes you’d like to see
the institutional investing community
make in 10 years?
I’d like to see institutions continue to develop
in-house capabilities, and rely less on intermediaries. Service providers like consultants
and proxy advisors have a place, but excellence will come from organizations with the
expertise to make their own judgments.
Who is a manager you don’t currently
work with whose brain you’d like to pick?
Jorge Paulo Lemann of 3G Capital. I admire
his boldness and global orientation. Plus,
how many fund managers can say they competed at Wimbledon?
Ideally, where would that meeting take
His hometown—Rio—which is also one of
my favorite cities.
What is the software investment tool
that helps you most?
What would improve the relations
between you and managers?
How about a “Star Trek” teleporatation
Associate Director, Ford Foundation
(New York, NY)
With a keen eye for identifying overlooked assets—and
not just financial assets—he has played a key role in
launching new assets classes, reorienting the strategy,
and integrating new staff into the team.
machine that allows instantaneous travel?
There’s no substitute for face-to-face communication, so we all spend a lot more time
on planes than we’d like. My amazing assistant, Bonnie, who diligently plans dozens of
trips, would love it most!
Why did you choose your current path?
I love my job for many reasons. For one, we’re
constantly meeting brilliant, motivated people, who are eager to share their best ideas.
I’ve also been incredibly fortunate to have
terrific mentors who took an interest in my
career. They’ve been role models, not only
as investors, but in how they go about representing a prominent institution. So one of my
goals for the years ahead is to pay it forward,
and mentor some of the next generation that’s
just getting started. That’s the best investment
anyone in our position can make.