What is the asset class or investment
that keeps you up at night and why?
I am afraid of ETFs and their ability to distort market flows; ETFs have created short-term challenges for fundamental investors.
Luckily, CareGroup has a long-term investment mandate and can ignore most of this
noise; it is still distracting nonetheless!
What methodologies have you adopted
at your institution?
My co-worker and I developed an internal investment process to streamline and
organize how our team works together.
All members of the CareGroup investment
team are generalists and the portfolio’s asset
allocation is driven from bottom-up manager selection. We needed an internal process to improve communication and analyze investment opportunities across asset
classes on an apples-for-apples basis. Our
new process is certainly far from perfect,
but our team is now committed to involving
the group earlier in the diligence process to
identify potential pain points and considerations.
Where do you fall in the passive vs.
What are the changes you’d like to see
the Institutional investing community
make in 10 years?
Reduced emphasis on investment “
products” and “solutions” and increased alignment of interest between asset owners and
Who is a manager you don’t currently
work with whose brain you’d like to
Warren Buffett. Beyond his investing acumen, there is so much to learn from his
humility, practicality, and kind disposition.
Where would that meeting take place?
What is the software investment tool
that helps you the most?
We recently implemented Caissa, a multi-asset class portfolio analytics software tool.
Caissa enables us to aggregate individual
manager-level exposures to create a portfo-lio-level look-through exposure. Caissa was
designed exclusively for LPs. I have been
impressed with the Caissa team’s hands-on
approach and willingness to tweak product
offering to best meet our needs. In the past,
we used Excel for this type of analysis. I am
very happy to now have a software tool to
more securely (and accurately!) store data
and analyze the portfolio.
What would improve the relationship
between you and managers?
It always comes down to candor and com-
Investment Associate, CareGroup Investment Office
Tackled investments in the energy space, public and
private then worked to revitalize the real estate exposure
of Caregroup. She started her career at the endowment
three years ago, quickly progressed to work alongside
senior staff and then to lead investments on her own.
munication. It is rare to have too much of
Why did you choose your current path?
While I really enjoy learning about the
fundamental drivers of investment opportunities, there is nothing more fun, or interesting, than getting to know how smart
people think. My favorite part of this job is
picking people. Manager selection allows
me to combine my interests in investments
and people. After all, selecting a manager is
essentially investing in a manager’s future