How have you been a change agent at
your organization? What have you done
that you’re particularly proud of?
By virtue of being a small two-person team,
I’ve had the unique opportunity to straddle all asset classes and strategies. It’s been
incredible to contribute to building out of
a family office and an investment program.
What is the asset class or investment
that keeps you up at night, and why?
Long-only equities. Equity valuations are
elevated and priced for perfection. Asset
prices have decoupled from fundamentals
as multiples expanded and earnings have
been flat. The market keeps inching higher
and the opportunity cost of not participating is significant.
What methodologies have you adopted
within your institution?
We look at a number of data indicators and
measures across asset classes and strategies. Investor sentiment tends to be one of
many gauges of capital flows and a good
contra-indicator of what to avoid. Additionally, we always evaluate portfolio risk metrics to quantify and understand our market
Where do you fall in the passive vs.
I think there is room for both in a broad,
diversified portfolio. However, recent massive
flows into “passive” and other “smart beta”
strategies have fueled asset prices higher.
What are the changes you’d like to see
the institutional investing community
make in 10 years?
More thought given to strategy capacity
and asset gathering at the expense of performance.
Who is a manager you don’t currently
work with whose brain you’d like to
I admire Jim Simons from Renaissance for
building one of the preeminent systematic
trading hedge funds by applying mathematical and statistical methods to investing.
I would be curious to get his views on AI,
big-data and implications for markets and
allocators going forward.
Ideally, where would that meeting take
At their headquarters in East Setauket, NY.
What is the software investment tool
that helps you most?
Excel. Not an hour goes by without it!
What would improve the relationship
between you and managers?
Honest conversations about challenges managers face navigating the changing marketplace landscape and being able to humbly
speak about mistakes/lessons learned.
Why did you choose your current path?
Being an LP offers an opportunity to meet
with and learn from talented investment
managers across asset classes and strategies.
And I get to steward hard-earned capital
along the way.
Director of Investments, OW Management
(Los Angeles, CA) 35
She has the talent to invest successfully across
asset classes. As an inspiring young leader on the
West Coast, she is someone who should be followed
closely and who will surely make an even bigger
impact in the years to come.