Capital Allocators – Inside the Institutional Investment Industry Neal Triplett and Kim Lew – Issues of Management at Duke and Carnegie (Capital Allocators, EP.116)
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Dec 16, 2019 
Neal Triplett, CIO of DUMAC, and Kim Lew, CIO of the Carnegie Corporation, dive into critical management themes at their prestigious institutions. They discuss evolving investment strategies, considering macroeconomic risks while defining competitive advantages. Both emphasize the importance of data in evaluating managers and the evolving challenges of capital allocation. Additionally, they tackle team dynamics, the role of diversity in investment decisions, and the complexities of integrating ESG considerations in today's market climate.
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Balancing Consistency and Adaptability
- Maintain core investment principles, but adapt to changing market conditions.
- Consider macro and geopolitical factors, but avoid overreacting to noise.
Geopolitics and Investment Opportunities
- Geopolitical events can create both risks and opportunities.
- Use macro views to assess long-term structural problems versus short-term tactical opportunities.
The Importance of People
- Identifying and selecting skilled people is crucial for investment success.
- Data can assist in this process, but returns are not the primary driver.