An Endowment’s Perspective: Managing a Multi-Generational Portfolio|15th India Investment Conference скачать в хорошем качестве

An Endowment’s Perspective: Managing a Multi-Generational Portfolio|15th India Investment Conference

Managing an endowment fund requires balancing financial sustainability, long-term purpose, and intergenerational responsibility. In this engaging session from the 15th India Investment Conference, hosted by CFA Society India in Mumbai, Lakshminarayana R. Kollengode, Chief Endowment Officer at the Azim Premji Foundation, shares his deep insights into the philosophy, structure, and investment approach behind one of India’s largest endowments. Moderated by Anil Ghelani, CFA, Head of Passive Investments & Products at DSP Mutual Fund, this session explores the guiding principles of endowment management, including asset allocation, governance, funding ideology, and investment discipline. The conversation further delves into key topics such as managing behavioral aspects of investing, adapting to inflation and interest rate shifts, and cultivating teams for long-term portfolio stewardship. Speaker: • Lakshminarayana R. Kollengode, Chief Endowment Officer, Azim Premji Foundation Moderator: • Anil Ghelani, CFA, Head of Passive Investments & Products, DSP Mutual Fund 0:00 – Welcome and Introduction 4:00 – Overview, journey, and objectives of Azim Premji Foundation and its endowment fund 8:35 – Setting up the Foundation and the endowment fund structure 10:40 – Funding strategy and investment ideology 15:55 – Key considerations while managing an endowment fund 19:00 – Lessons and examples from managing the Foundation’s corpus 21:50 – Advice for managing a multi-generational endowment portfolio 26:00 – Asset allocation and investment discipline in endowment management 28:00 – Q&A session begins 28:40 – Investment philosophy and portfolio management principles 32:00 – Actively vs. passively managed funds: perspectives for endowments 33:25 – Inflation trajectory and interest rate landscape outlook 35:00 – Asset class mix for large multi-generational endowment portfolios 39:10 – Managing behavioral aspects of money management 42:00 – Cultural shift among entrepreneurs creating endowments 45:00 – Building and selecting teams for research and investment management 49:40 – Closing remarks and key takeaway ___________________________________________________________________________________________ The Indian Association of Investment Professionals (IAIP), the India Society of CFA Institute, was established in Apr 2005 as an association of local investment professionals consisting of portfolio managers, security analysts, investment advisors and other financial professionals. As one of the over 160 CFA Institute member societies, the IAIP connects local CFA Institute members to a global network of investment professionals. For the continuing up-gradation of knowledge and skills of members, IAIP conducts speaker events, workshops led by leading finance professionals.