Capital Allocators – Inside the Institutional Investment Industry Diversity, Equity & Inclusion 4: Joel Wittenberg – A Prescription for the Future (Capital Allocators, EP.154)
Aug 31, 2020
Joel Wittenberg, Chief Investment Officer of the W.K. Kellogg Foundation, discusses critical issues of diversity, equity, and inclusion in the investment sector. He emphasizes the importance of open dialogues about race and shares insights on fostering racial equity within organizations. Wittenberg also explains his experiences in the bond market, focusing on capital allocation strategies. Additionally, he highlights the Foundation’s initiatives to support emerging managers and impact investments, all aimed at creating equitable opportunities for children and families.
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Career Path
- Joel Wittenberg's career began in fixed income, then transitioned to corporate treasury roles.
- His experience with duration and convexity shaped his investment philosophy.
Duration and Convexity
- Wittenberg applies a duration and convexity lens to all asset classes, including equities.
- He views growth stocks as having long duration and seeks positive convexity in private equity.
Foundation's Mission
- The W.K. Kellogg Foundation, established in 1930, prioritizes children's well-being.
- Their mission recognizes that thriving children require equitable communities.
