David and Lucile Packard Foundation

5 statements across 1 episodes · 0 bullish · 2 bearish · 1 people on the record · first statement Aug 14, 2023 by Kimberly Sargent · said 11 times in 2 episodes since 2018 · across every show →

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brought up most by Ted Seides (6), Kimberly Sargent (4), Roz Hewsenian (1)

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Everything said about David and Lucile Packard Foundation, oldest first

Aug 14, 2023 negative
Disclosure
Packard Foundation is decreasing expected alpha in its portfolio models
“I do know we are decreasing alpha in our models, just in terms of what we expected historically.”
Kimberly Sargent Aug 14, 2023 ▶ 39:46 Kimberly Sargent – Passion and Mission at the Packard Foundation (EP.333)
Aug 14, 2023 neutral
Insight
Sargent: Foundation investors prioritize principles over outperforming peer institutions
“Well, that's another interesting thing about foundations is the goal is less to outperform other foundations. We have a lot of large foundations with whom we're working pretty closely on the grant making side. Issues, climate, social justice, whatever it is. I…”
Kimberly Sargent Aug 14, 2023 ▶ 17:48 Kimberly Sargent – Passion and Mission at the Packard Foundation (EP.333)
Aug 14, 2023 neutral
Assertion Supported
Sargent: Packard portfolio had just five line items when she joined
“There were five line items in the portfolio, a few index funds, and a lot of HP stock.”
Kimberly Sargent Aug 14, 2023 ▶ 13:28 Kimberly Sargent – Passion and Mission at the Packard Foundation (EP.333)
Aug 14, 2023
Disclosure
Sargent: Packard avoids investments unless the team shares CIO excitement
“Obviously, I have the final say. I'm responsible. I'm the CIO. But we really don't make investments where I'm the only one excited about it.”
Kimberly Sargent Aug 14, 2023 ▶ 35:03 Kimberly Sargent – Passion and Mission at the Packard Foundation (EP.333)
Aug 14, 2023 negative
Disclosure
Sargent: Packard Foundation lost money backing a short-only fund in 2015
“We also back to short only fund in 2015. Wonderful people, wonderful research, but it was a really, really tough time and they ended up going out of business and we lost a lot of money feeding the beast over those years.”
Kimberly Sargent Aug 14, 2023 ▶ 54:41 Kimberly Sargent – Passion and Mission at the Packard Foundation (EP.333)
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