Lessons from 5 Decades of Investing – With Rosalind M. Hewsenian, CIO of Helmsley Charitable Trust скачать в хорошем качестве

Lessons from 5 Decades of Investing – With Rosalind M. Hewsenian, CIO of Helmsley Charitable Trust

Why does a teacher trained to help children with special needs decide to switch, earn an MBA, then work at Pepsi, become an investment consultant, and end up becoming CIO at an $8 billion dollar foundation? In this conversation, Roz recaps on lessons learned with investing organisations, (including CalPERS) before arriving at Helmsley Foundation in 2010. She describes what makes for an effective investment committee, why investment boxes like ‘growth’ and ‘value’ can be counterproductive, and instead why portfolio construction by tranches of liquidity appeal more. She offers a range of valuable and pithy investment advice, including why “you shouldn’t worry about volatility, if you have ample liquidity”, and why for asset allocation it may be a case of “back to the future”. Subscribe to stay up to date with our range of fascinating interviews, featuring some of the biggest names in global finance and business! TOPICS: 0:00 - Introduction 1:55 - Why Make the Switch? 3:53 - How was Pepsi Seen in the Past as a Progressive Company or Weird? 5:08 - Why a Good Career in Pepsi Changed to Investment Consultant 6:57 - What Encouraged Them and Echoes Today? 8:02 - Helmsley Foundation. 10:22 - Ad Break 12:20 - Prioritization of Causes in Helmsley Foundation 15:01 - Opposition to Box Method Portfolio Construction 19:38 - Difference Between Foundations and Endowments 20:13 - Standby Letter of Credits 21:28 - Asset Liquidity 22:22 - Weights Applied to Liquidity Classes 23:00 - Function of the Investment Committee 25:38 - Expected Pre-Meeting Preparation 26:49 - Idea Generation 28:23 - Add Break 30:18 - Investment in China 32:27 - Management Replacement Process 35:41 - What Shows a Manager is No Longer Up to the Task? 37:45 - What was Learned From Mistakes 39:27 - How Different Will it Be in 10 Years? 40:57 - Less Love for Passive Investment? 41:52 - Different Investment Methods for Different Markets. 43:49 - Rapid Fire Questions 47:10 - Concluding Thoughts SPONSORS: Schroders is a global investment and wealth manager, with a purpose to provide excellent investment performance to clients, through active investment management. Find out more: https://www.schroders.com/en/global/i... LiveTrade, from Bordeaux Index, is an innovative new platform which allows you to instantly buy and sell - or place bids and offers on - key wines from around the world. Find out more: https://bordeauxindex.com/livetrade Bremont is an award winning British company that produces beautifully engineered chronometers, designed to appeal to those who share the passion and appreciation of the innovation and mastery behind a beautiful mechanical wristwatch. Find out more: https://www.bremont.com/ IFM Investors are a global institutional asset manager whose purpose is to invest, protect and grow the long term retirement savings of working people. They manage investments across infrastructure, debt, listed equities and private equity assets. Find out more: https://ifminvestors.com/en-gb/ STAY UP TO DATE ✅ Newsletter: https://www.moneymazepodcast.com/subs... ✅ LinkedIn:   / the-money-maze-podcast   ✅ X/Twitter:   / podcast_maze   LISTEN: 🎧 Apple Podcasts: https://podcasts.apple.com/gb/podcast... 🎧 Spotify: https://open.spotify.com/show/0uT0iw8... DISCLAIMER All content on the Money Maze Podcast is for your general information and use only and is not intended to address your particular requirements. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions. Guests and presenters may have positions in any of the investments discussed.