Chief Investment Officers for Dummies
Thinking is the hardest work there is, which is the probable reason why so few engage in it. – Henry Ford, SF Chronicle 1928 What do chief investment officers actually do for a living? Most board...
View ArticleIt’s all good
A lot of other people are trying to be brilliant. We’re just trying to stay rational. – Charlie Munger At a BlackRock investor conference a few weeks ago, President Rob Kapito mentioned that in 1995...
View ArticleChief Investment Officer Pay at Private Foundations
Price is what you pay. Value is what you get. — Warren Buffett What do chief investment officers earn at nonprofit institutions? We recruit these executives for a living, so we avidly track their pay...
View ArticleBreaking news: Sunrise tomorrow
The optimist thinks this is the best of all possible worlds. The pessimist fears it is true. – J. Robert Oppenheimer In the late 80’s Don Valentine, founder of Sequoia Capital, asked me to stop by his...
View ArticleWe’ve come a long way, baby
History doesn’t repeat itself, but it often rhymes. – Mark Twain? My grandmother, born in 1896, used to describe recessions as panics – economic brushfires stoked by a bank collapse or two and lurid...
View ArticleAoifinn Devitt, new CIO at London LGPS CIV Ltd.
Aoifinn Devitt, new CIO at London LGPS CIV Ltd. Founder Clontarf Capital, x Cambridge Associates, Moneta Group, Chicago Police & Fire Pension, LLB Trinity College Dublin, MBA INSEAD The post...
View ArticleIt Takes Guts
The cautious seldom err or write great poetry. – Howard Marks’ favorite fortune cookie, Dare to Be Great II J.P. Morgan Chase is king of the realm these days, but during my time at Chemical Bank there...
View ArticleSearches
Endowment Performance 2023: League Tables —————————————- OCIO Update, Summer 2023: Holding On OCIO Guide 2022: Jon Hirtle, Last Man Standing OCIOs: Your New Best Friends The post Searches appeared...
View ArticleEndowment Performance 2023: You never see them coming
I worried about so many things during my life, but the really tough hits I never saw coming. — Anonymous Our 2023 endowment performance report features ten-year investment returns for one hundred...
View ArticleThe OCIO Mirage & Investment Office Costs
The outlook wasn’t brilliant for the Mudville nine that day: The score stood four to two, with but one inning more to play … Casey at the Bat, Ernest Lawrence Thayer Hope springs eternal in the OCIO...
View ArticleOCIO update, spring 2024, Room to Run
4400 registered foals, and only 16 or 18 of them make it to the Derby ― John Sosby, Claiborne Farm Our spring 2024 Outsourced Chief Investment Officer (OCIO) update features one-hundred-two service...
View ArticleFollowing Next-Gen Money
When I was young I thought that money was the most important thing in life; now that I am old I know that it is. — Oscar Wilde An exceptional, highly successful family office client and I were...
View ArticleAffluent Family Affairs
Money, if it does not bring you happiness, will at least help you be miserable in comfort. —Helen Gurley Brown While family dynamics probably haven’t changed much since Count Leo Nikolaevich Tolstoy...
View ArticleAnything new under the sun?
“There’s only one way to describe most investors: trend followers.” —Howard Marks We recently sent out an email query asking asset managers and chief investment officers, “anything new under the sun,”...
View ArticleWhy take a chance?
“If I had asked my customers what they wanted they would have said a faster horse.” —Henry Ford If you were sitting on a college board today, would you take a chance and hire a young David Swensen or...
View ArticleOCIOs: the price of impatience
“The thing that never happens just happened again” – Viktor Chernomyrdin, former Prime Minister of Russia Our latest Outsourced Chief Investment Officer spot-check notes a steady stream of RFPs, mostly...
View ArticleOCIOs: reconnecting the dots
“The true sign of intelligence is not knowledge, but imagination” —Albert Einstein You don’t have to reinvent the wheel to build a successful outsourced chief investment officer (OCIO) business, but it...
View ArticleLeadership matters
Leadership is the capacity to translate vision into reality —Warren Bennis Chief investment officers are C-suite executives. They manage a business that generates revenue and supports an enterprise. Be...
View ArticleOCIO directory, fall 2024, what goes up?
A lot of success in life and business comes from knowing what you want to avoid ―Charlie Munger Our fall 2024 Outsourced Chief Investment Officer (OCIO) update features one-hundred-four service...
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