Capital Allocators – Inside the Institutional Investment Industry Christie Hamilton – Tweeting on Allocation at Children's Health (Capital Allocators, EP.124)
Mar 9, 2020
Christie Hamilton, Head of Investments at the $2 billion Children’s Health Medical Center of Dallas, shares her unique journey in institutional investment and the power of Twitter as an educational tool. She discusses the strategic asset allocation tailored to enhance children's health, emphasizing governance in manager selection. Christie also reveals her investment pet peeves and life lessons, showcasing the emotional challenges in decision-making and the importance of clear communication and relationships in driving success.
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Identify the Edge
- When evaluating managers, focus on their informational edge—either access to superior information or better utilization of it.
- An example is finding specialized teams in Europe with cultural understanding and strong networks.
Deep Dive Due Diligence
- Due diligence now involves numerous meetings to truly understand a manager, similar to a long-term relationship.
- This extensive interaction reveals a manager's true edge, which may not be explicitly stated.
Document Deep Dive
- Thoroughly review all documents, including the fine print, and submit them for legal review.
- Trust your gut feeling about risk assessment and differentiate between reasonable terms and market terms.