Capital Allocators – Inside the Institutional Investment Industry Neal Triplett and Kim Lew – Issues of Management at Duke and Carnegie (Capital Allocators, EP.116)
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Dec 16, 2019 
Neal Triplett, CIO of DUMAC, and Kim Lew, CIO of the Carnegie Corporation, dive into critical management themes at their prestigious institutions. They discuss evolving investment strategies, considering macroeconomic risks while defining competitive advantages. Both emphasize the importance of data in evaluating managers and the evolving challenges of capital allocation. Additionally, they tackle team dynamics, the role of diversity in investment decisions, and the complexities of integrating ESG considerations in today's market climate.
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The Importance of People
- Identifying and selecting skilled people is crucial for investment success.
- Data can assist in this process, but returns are not the primary driver.
Leveraging Organizational Identity
- A persistent edge in investing can come from organizational identity and values.
- Access to certain investments due to organizational reputation provides an advantage.
Alignment over Terms
- Prioritize alignment of values when selecting managers, as terms rarely offer full protection.
- Choose managers who will act ethically, especially during times of crisis.