Packard Foundation

“That fight for cash Left some of them still permanently impaired. Some of those foundations still have not gotten back to their 2007 high watermark.”

“We had a target of 20 to 25% of our equity exposure, so call it mid teens percent of our endowment a few years back.”

“I think if you are going to have a concentrated portfolio, and ours is, I think we have the top 10 managers are 40%, the top 30 are 70%, I believe.”

“I'm thinking of some managers we've added to the portfolio recently on the private side where we would have 10 pretty in-depth meetings with the manager, with their team, doing case studies. We have done 25, 30 references on investments recently in the past.”

“We actually have a carve out of our endowment that's a mission investment portfolio. That's a three percent carve out.”

“I do think in the early days, we tried to have a hundred percent generalist model. And philosophically, I love that. I think working on different things makes you a better investor. I think being generalist is more fun. And I also think and sense competition f…”

“Both on a 10 and a 15 year basis, our emerging market public equity has outperformed our developed market.”