Amy Falls – From Bonds to Boards to Leading Northwestern (Capital Allocators, EP.316)

<div>Amy Falls is the CIO at Northwestern University, where she oversees the school’s $14.2 billion endowment that supports university operations and funds about a quarter of the University’s annual revenue. She also serves on the Board of Harvard Management Company, the Ford Foundation, Phillips Academy, and the Pete Peterson Foundation.<br /> <br /> Our conversation covers Amy’s background and path to Northwestern, frameworks she learned along the way, and different challenges she faced in three different CIO seats.  We then turn to her thoughts on manager selection, liquidity, and across asset classes, covering fixed income, private credit, private equity, public equity, and China. We close with Amy’s insights from her experience working with investment committees and parallels between her passion for farming and investing.<br /> <br /> <strong>Show Notes</strong><br /> <br /> 03:41    Background<br /> 04:41    Early career in international bond markets<br /> 12:26    Becoming Andover's first CIO<br /> 13:43    Navigating the GFC<br /> 19:51    Transition to Rockefeller University<br /> 23:13    Asset Allocation<br /> 26:57    Transition to Northwestern<br /> 28:57    Structuring the investment team<br /> 32:45    Selecting and reviewing managers<br /> 37:44    Investment frameworks<br /> 42:10    Decision-making processes<br /> 44:44    Private Credit<br /> 45:08    Private Equity<br /> 49:34    Public Equity<br /> 51:10    China<br /> 52:56    Navigating investment committees<br /> 54:57    Farming<br /> <br /> <br /> <strong>Learn More</strong></div> <div>Follow Ted on Twitter at <a href= "https://twitter.com/tseides?lang=en">@tseides</a> or <a href="https://www.linkedin.com/in/tedseides/">LinkedIn</a></div> <div>Subscribe to the <a href= "https://capitalallocators.com/">mailing list</a></div> <div>Access Transcript with <a href= "https://capitalallocators.com/signup">Premium Membership</a></div>