University Of Minnesota's Venture Program, Focus On Technology Innovation Led To Outsized Returns | CIO Stuart Mason | Q&A
Stuart Mason currently serves as Associate Vice President and Chief Investment Officer of the Office of Investments & Banking at the University of Minnesota. In this interview, he discussed why the investment office is excited about investing in early phases of technology innovation, why he believes we are on the cusp of an explosion for new climate-related technologies, and the importance of integrating diversity, equity, and inclusion-related priorities into every new investment they make.
Pennsylvania State Employees' Retirement System (SERS), An Early 1980s Private Equity Investor | Ryan Morse, Director of Alternative Investments | Q&A
Ryan Morse is a Director of Alternative Investments at the Pennsylvania State Employees' Retirement System (SERS), where he has served since 2018. In this interview, he discussed the strength of their private equity program, having been one of the first public pension investors in PE in the early 1980s; how pension plans are finding creative ways to work with venture capital; and how their private credit portfolio has got off to a successful start.
TRS of Texas #1 Program Is Finding And Retaining Best Talent For Best Returns | Mike Lazorik, Director of Principal Investments | Q&A
Mike Lazorik is a director of principal investments in private equity, growth, and venture capital at the Teacher Retirement System of Texas. In this interview, he discussed how the world will continue to evolve with tech disruption and innovation; why he prefers to engage with unique managers who are spreading their wings to manage more products and strategies; and why it will be difficult for investors to deliver without broad exposure to Asia moving forward.
How Wyoming Retirement System's Team Invests Opportunistically and Nimbly | Andrew Mayer, Senior Investment Officer | Q&A
Andrew Mayer is a Senior Investment Officer at the Wyoming Retirement System, where he has served since 2012. In this interview, he discussed how the investment team shifted from a generalist model to a more specialized one, how the board adopted policies that allows them to remain opportunistic and nimble, and why he believes it's important to also have active views and exposure in China and Europe.
Why The James Irvine Foundation Values Cognitive Diversity In The Investment Office | Jesus Arguelles, Director of Investments | Q&A
Jesus Arguelles is the director of investments at The James Irvine Foundation, where he has served since January 2019. In this interview, he discussed the importance of team building while focusing on cognitive diversity, why he believes the best performers are those that view the world differently, and how his background in the public pension world influenced his institutional investing career.
Boston Children's Portfolio Has Done Well Despite Challenging 12-15 Months, Says Philip Rotner, Chief Investment Officer | Q&A
Philip Rotner is the chief investment officer at Boston Children's Hospital, where he manages the hospital's endowment, pension, and short-term investment assets. In this interview, he explains why Boston Children's Hospital continues to be ranked as the number one pediatric hospital in the world, how Boston Children's built its proprietary investment model to support its mission of treating sick children, and how health system's don't ordinarily plan to sustain 12 months of losses caused by a pandemic. Although, Phil adds that investment markets have done just fine despite a challenging 12-15 months.
CIO David Erickson Explains Strategic Allocation Increase To Public, Private Equity | Ascension Investment Management | Q&A
David Erickson is the chief investment officer at Ascension Investment Management, where he oversees the administration, management, and coordination of all investments, totaling approximately $50 billion in assets. In this interview, he discussed how Ascension broadly increased its strategic allocation to equities; why the investment office will operate with a more hybrid approach going forward; and credits Ascension's governance structure for being supportive and fast-moving.
Mount Sinai's Investment Office Perspective During The COVID-19 Pandemic | Scott Pittman, SVP & Chief Investment Officer | Q&A
Scott Pittman is the senior vice president and chief investment officer at The Mount Sinai Health System, where he has served since 2009. In this interview, he discussed the perspective of being a NY health system during the covid-19 pandemic; how they redeployed risk into market dislocations; their more concentrated approach with manager selection; and how collaboration between innovation startups and health systems might not be such an easy path.
Northwell Health's Portfolio Benefitting From Steady Increase To Alternative Assets | Michael Odlum, Senior Vice President | Q&A
Michael Odlum is senior vice president at Northwell Health, where he has managed the treasury group since September 2011, with oversight of $18 billion in investments. In this interview, he discussed the common expression "days cash on hand" and what it means for Northwell Health and other institutional investors; Northwell's success in increasing allocation to alternative asset classes; and why he believes Northwell had its best year of growth as a health system.
Employees' Retirement System of the State of Hawaii Focused On Portfolio Efficiency | CIO Elizabeth Burton | Q&A
Elizabeth Burton is the chief investment officer at the Employees' Retirement System of the State of Hawaii ("HIERS"), a $20 billion pension investment fund. In this interview, she emphasized the importance of attracting and retaining investment talent while being on an island; why the plan has adopted a more conservative investment approach; and how they're laser-focused on running an efficient system.