Capital Allocators – Inside the Institutional Investment Industry Kimberly Sargent – Passion and Mission at the Packard Foundation (EP.333)
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Aug 14, 2023 Kimberly Sargent, the Chief Investment Officer of the Packard Foundation, shares her wealth of experience managing a $10 billion portfolio, starting her career under legendary investor David Swensen. She discusses the unique challenges foundations face compared to endowments and her proactive approach to talent sourcing. Kim reflects on the importance of building trusted partnerships, navigating credit investments during economic uncertainty, and nurturing the next generation of finance professionals. She passionately concludes that her job offers her the best of both worlds.
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From Law to Finance
- Kimberly Sargent's first job was as a paralegal, but she quickly realized it wasn't for her.
- She transitioned to finance after an introduction to David Swensen at Yale.
Yale Colleagues
- During her time at Yale, Sargent worked alongside notable figures like Seth Alexander, Rob Wallace, and Randy Kim.
- She also served as Swensen's research assistant for his second book.
Investing is About People
- Prioritize people and relationships in investing, as even the best models require talented partners.
- Be values-driven and patient, and embrace contrarianism like David Swensen.