Capital Allocators – Inside the Institutional Investment Industry

Finny Kuruvilla – The Fourth Source of Alpha at Eventide (EP.343)

Oct 12, 2023

Finny Kuruvilla, Co-Chief Investment Officer and Founder of Eventide Asset Management, discusses his journey from practicing medicine to becoming an investor. They explore the concept of 'loving your neighbor' in business, assess the importance of evaluating management excellence, and share insights on personal growth and focus.

56:45

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Episode guests

Finny Kuruvilla

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Episode notes

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Quick takeaways

Eventide Asset Management emphasizes the integration of values with the investment process and the significance of avoiding problematic areas while seeking out value-adding companies.

Finny Kuruvilla highlights the importance of incorporating values beyond traditional financial metrics, aiming for businesses to be agents of provision and contribute to solving major world problems.

Eventide's framework of avoid, embrace, engage emphasizes avoiding investments in areas like tobacco and gambling, seeking value-adding companies, and engaging as shareholders for positive outcomes.

Deep dives

Values-based approach to investing

Finney Coravilla, Co-Chief Investment Officer and healthcare portfolio manager at Eventide Asset Management, discusses the firm's mission-driven, values-based philosophy in investing. He emphasizes the importance of integrating values with the investment process and shares how Eventide's approach predates the popularity of ESG investing. Coravilla highlights the significance of avoiding problematic areas and seeking out companies that add value to stakeholders. He also stresses the role of engagement as shareholders to influence positive outcomes in companies.

Introduction

5min

From Medicine to Investing: A Non-Linear Path

14min

Loving Your Neighbor: The Stakeholders of a Business

13min

Assessing Management Excellence in Investing

18min

Favorite Hobby, Pet Peeves, and Professional Influences

2min

The Influence of Key Figures in the Speaker's Life

2min

The Power of Sharing and Focusing Deeply

4min

This Sponsored Insight features Finny Kuruvilla, the Co-Chief Investment Officer, Founding Member, and healthcare Portfolio Manager at Eventide Asset Management. Eventide is a Boston-based firm that manages $6.8 billion (as of 6/30/2023) and brings a distinct values-based approach to investing across generalist and healthcare strategies.

We discuss Finny’s path to founding Eventide with $100,000 in capital, the firm’s mission-driven, values-based philosophy, which they started long before ESG was a known acronym, integrating values with the investment process, and what success means in the years ahead.

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