Doug MacBean, Deputy Chief Investment Officer of the California Institute of Technology’s Investment Office (Caltech) joins us at Dakota Live! to share the ingredients from his career and how he approaches his role as an endowment allocator. Like any good recipe, Doug describes the steps to help us better understand his team’s approach to asset allocation and underwriting process as it relates to investment manager research and selection. Sit down for this insightful and informative conversations with one of the industry’s leading investors.

In the latest episode of the Dakota Live! Podcast, Robert Morier is thrilled to welcome Vince Smith, Chief Investment Officer and Deputy State Investment Officer at the New Mexico State Investment Council.

With over 37 years of experience in public fund investment, Vince oversees New Mexico's Permanent Funds, managing a diverse portfolio valued at $53.5 billion.

Under Vince’s guidance, the investment strategies of the New Mexico State Investment Council have evolved to include a comprehensive top-down macro approach. Vince delves into his extensive background and how it has shaped his investment philosophy and strategies.

Discover the insights and strategies that Vince brings to the table:

Macro Perspective: Learn how understanding global economic trends shapes effective investment decisions.

Demographic Shifts: Explore the impact of changing demographics on market strategies and portfolio management.

Trust and Relationships: Understand the critical role of building trustworthy and long-term relationships in the investment world.

This episode not only highlights the sophisticated investment strategies employed by the New Mexico State Investment Council but also offers a deeper insight into Vince’s leadership and his forward-thinking approach to managing public funds.

Whether you're an industry professional or an aspiring investor, this discussion will enrich your understanding of strategic investment management and the value of a well-balanced portfolio.

Tune in to explore the intricacies of Vince’s investment strategies and what sets them apart in the investment world.

In this enlightening episode of the Dakota Live! Podcast, host Robert Morier sits down with Breanna Stein Genecov, Director of Portfolio Solutions and OCIO with Makena Capital. With a background in risk management, portfolio strategy, and manager selection, Breanna offers a deep dive into the complex world of Makena Capital’s OCIO business and how the firm shapes investment outcomes for a diverse client base.

Makena Capital Management, LLC was formed in 2005 by senior executives from the Stanford Management Company along with other leading practitioners from elite North American endowments and foundations.

The firm offers investment expertise, scale and access to a diverse client base which includes endowments, foundations, family offices, sovereign wealth funds and international institutions focused on preserving and growing multigenerational capital. As of December 2023, the firm is responsible for over $20 billion in capital under management.

Beginning as an intern with Makena Capital to her role today, supporting the design, implementation, and management multi-asset class portfolios, Breanna enhances our understanding of the role of the OCIO and the strategic decisions that drive Makena’s investment strategy. With an MBA from Stanford Graduate School of Business, her insights are grounded in substantial academic and practical experience, making her perspective invaluable to anyone interested in the dynamics of manager selection and asset allocation.

Episode Highlights:

• The Role of OCIO: Explore how OCIOs like Makena Capital manage investments for endowments, foundations, and family offices, ensuring their long-term financial health and growth.
  
  
• Career Insights: Breanna discusses her career trajectory, including her shift from covering natural resources to multi-asset class solution management, and the impact of her education on her professional path.
  
  
• Investment Strategies: Gain insights into Makena Capital's approach to investment, focusing on risk management, asset allocation, and the key attributes Makena looks for in asset management partners.
  
  
• Future of Investing: Discussion on the evolution of investment strategies in response to market changes.
  
  

Whether you're a professional in the industry or an interested observer, there's something in this episode for everyone.

In the latest episode of the Dakota Live! Podcast, Robert Morier welcomes Daniel Gottlieb, Chief Investment Officer for the Southern Ute Indian Tribe. Discover how Daniel oversees the tribe’s Permanent Fund Investments (PFI), which manages a diversified portfolio to support the tribe's long-term financial goals and essential community services.

Under Daniel’s leadership, the investment strategies have expanded to include private investments alongside traditional asset classes, reflecting a commitment to diversification and sustainability. With a background in the alternative investment industry, Daniel brings a wealth of expertise in portfolio management and investment strategies.

Daniel shares insights into the tribe’s unique investment strategies, the importance of aligning investments with cultural and long-term financial goals, and the significance of building strong relationships with investment partners.

This episode not only highlights the Southern Ute Indian Tribe’s sophisticated investment approach but also provides a deeper understanding of Daniel’s leadership and the mission-driven goals of their investment department.

Whether you're an industry professional or a curious investor, this discussion will enhance your understanding of strategic investment management and the benefits of a diversified portfolio. Tune in to uncover the intricacies of their investment strategies and what helps them stand out in the investment landscape.

In the latest episode of the Dakota Live! Podcast, host Robert Morier sits down with Jenny Chan, Senior Vice President, and Chief Investment Officer at the Children’s Hospital of Philadelphia (CHOP). Jenny oversees CHOP's substantial investment portfolio, playing a crucial role in supporting the hospital's mission through strategic and innovative investment approaches.

Jenny shares her journey from working in asset management to leading the investment office at CHOP. She delves into CHOP's unique governance structure and the evolution of its investment strategies, highlighting the hospital's commitment to sustainability and mission-driven goals.

Jenny also discusses the challenges and opportunities in managing a diverse portfolio, from venture capital to public equities, and the importance of building strong relationships with investment partners.

In addition, Jenny reflects on the personal and professional influences that have shaped her career, from her time with the Doris Duke Charitable Foundation to her leadership role at CHOP. Jenny's journey from bond trading to leading a major healthcare investment team offers inspiring lessons in leadership, continuous learning, and the power of a mission-focused approach.

Join us for this insightful conversation that blends technical expertise with personal reflections. Jenny’s approach to investment management, her focus on sustainability, and her leadership at one of the nation’s leading pediatric hospitals provide a fascinating look into the intersection of finance and healthcare.

In the latest episode of Dakota Live!, we are thrilled to welcome Mike Negussie, a pivotal investor in the world of pediatric healthcare investments. As the Investment Director at Children’s Healthcare of Atlanta (CHOA), Mike and the investment team are at the forefront of revolutionizing children's healthcare through strategic investments in biotechnology, life sciences, and more. Dive deep into the world of CHOA, a beacon of hope and innovation, managing over a million patient visits each year and offering over 60 specialized pediatric programs. Discover how the investment team at CHOA is sculpting a brighter, healthier future for children, with Mike and his colleagues leading the charge in analyzing and seizing groundbreaking investment opportunities. Whether you are a budding biotech enthusiast, an investment aficionado, or simply curious about the mechanisms of private and public market due diligence, this episode offers a golden opportunity to gain insights directly from a seasoned expert. Join us as Mike unveils the strategies, approaches, and themes that are currently driving CHOA's extraordinary mission forward. Don't miss this chance to learn from a thought leader in the field, as we explore the intricacies of emerging manager relationships and the current trends in biotechnology and life sciences. Tune in to witness how CHOA is shaping a healthier future, one investment at a time.

In this episode of the Dakota Live! Podcast, Robert Morier welcomes Joseph Heringer, Commissioner, and Frank Mihail, Chief Investment Officer, from the North Dakota Department of Trust Lands.

This conversation provides a comprehensive look into how North Dakota manages its substantial land and mineral assets to support educational institutions and other state beneficiaries.

The discussion highlights the unique structure and strategies of the North Dakota Department of Trust Lands, detailing the management of over 2.6 million acres of land.

Joseph Heringer shares insights into his role and the department's mission to maximize returns and revenue through prudent asset management. The episode delves into the importance of the partnership with the oil and gas industry, which significantly contributes to the state's revenue through royalties.

Frank Mihail discusses his role as CIO, overseeing a $7 billion sovereign wealth fund. He outlines the department’s investment strategies, including the introduction of various asset classes such as venture capital and distressed credit, and the restructuring of public fixed income and real estate investments. The conversation also covers the operational improvements and the use of technology to enhance efficiency in portfolio management.

Listeners will gain a deeper understanding of how the North Dakota Department of Trust Lands balances its commitments to education and the energy sector while ensuring sustainable growth and innovation.

Tune in to discover the intricacies of managing state assets and the strategic initiatives that drive North Dakota's investment success.

In the latest episode of the Dakota Live! Podcast, host Robert Morier sits down with Amanda Tepper and Ravi Venkatraman, managing partners and co-founders of Chestnut Advisory Group.

Chestnut Advisory Group and the Chestnut Solutions Institute specialize in providing strategic advisory services and investment solutions tailored to the needs of OCIOs (Outsourced Chief Investment Officers). They offer comprehensive support, including market insights, best practices, and customized strategies to enhance the effectiveness and performance of OCIOs in managing their clients' investment portfolios

Amanda and Ravi bring deep insights into the world of investment management and strategic advisory. Their expertise in the OCIO (Outsourced Chief Investment Officer) space and investment solutions industry is unparalleled.

Episode Highlights:

✔ The unique challenges and evolution of the OCIO market.
✔ Key factors driving the growth and consolidation within the investment solutions industry.
✔ The importance of establishing common standards and definitions for investment solution providers.
✔ Chestnut's thesis on the importance of meeting clients' needs and how this approach drives their strategic advisory practice.

Tune In to Learn:

✅ How investors are selecting OCIO partners.
✅ Best practices in OCIO management and discretionary services.
✅ Insights on client-centric solutions and the importance of ongoing education and dialogue.
✅ Emerging trends and innovations shaping the future of the OCIO landscape.

Join us for this engaging conversation on navigating the complexities of investment solutions. Amanda and Ravi's approach to strategic advisory, their commitment to ethical standards, and their leadership in the investment management community provide a fascinating look into the future of the industry.