Capital Allocators – Inside the Institutional Investment Industry Sandra Robertson – Oxford’s Queen of Endowment Management (Capital Allocators, EP.130)
Apr 13, 2020
Sandra Robertson, CEO and Chief Investment Officer of OU Endowment Management, shares her remarkable journey from stockbroker to endowment manager. She discusses navigating market volatility and the crucial role of mentorship in her career. Robertson elaborates on strategic asset allocation, including the integration of public and private equity, while addressing the complexities of fees and ESG considerations. Her insights into resource efficiency and innovative investment approaches provide a fresh perspective on modern investment strategies.
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Sandra's Start at Wellcome
- Sandra Robertson stumbled into investing after a series of temporary jobs.
- She joined the Wellcome Trust when they had £2.5B and no investment team.
Wellcome's Investment Philosophy
- The Wellcome Trust's investment approach prioritized absolute returns over benchmarking.
- Their entrepreneurial investment committee encouraged exploring venture capital and private equity.
Currency Hedging at Wellcome
- Currency hedging was a constant consideration at Wellcome, impacting portfolio management.
- The approach to hedging varied under different CIOs.