

[REPLAY] - Meredith Jenkins – A Path to Trinity (Capital Allocators, EP.31)
Sep 27, 2021
Meredith Jenkins, Chief Investment Officer of Trinity Wall Street, shares her journey in institutional investing, overseeing a $5.5 billion endowment. She discusses early career lessons from Goldman Sachs and her time at Carnegie Corporation. The conversation touches on the importance of aligning interests, navigating co-CIO dynamics, and strategic decisions in real estate, particularly with a focus on social justice. Jenkins emphasizes the need for diverse perspectives in investment strategies while addressing the complexities of managing emotions in a church setting.
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Early Roadshow Experiences
- Meredith Jenkins gained early investment experience at Goldman Sachs, working on roadshows and observing manager interactions.
- She learned about investor skepticism and the demanding nature of taking companies public.
Value Investing as Thesis Building
- Sanford Bernstein's value-oriented approach resonated with Meredith Jenkins' analytical mindset.
- She viewed stock analysis as constructing and proving a thesis, aligning with her background as an English major.
Shift to Multi-Asset Allocation
- Meredith Jenkins' shift to multi-asset allocation stemmed from an internship at Cambridge Associates during her time at HBS.
- Observing manager meetings and portfolio-level thinking resonated more with her than individual stock analysis.