St. Paul Minnesota Foundation
also referred to as: st. paul & minnesota foundation
1 statements across 1 episodes · 2 bullish · 2 bearish · 1 people on the record · first statement Mar 10, 2025 by Shannon O'Leary · across every show →
Everything said about St. Paul Minnesota Foundation, oldest first
Mar 10, 2025 neutral
Mar 10, 2025 neutral
Mar 10, 2025
O'Leary: Foundation allocates 65% to growth assets to fund 5% spending
“On the gross side though, because we're trying to support at five percent spending policy while offsetting inflation over time, that's always going to be the biggest chunk of this portfolio. It is a big risk budget. So, 65% where we're seeking higher return, a…”
Mar 10, 2025
O'Leary: St. Paul Foundation uses a roles-based asset allocation framework
“We ended up shifting from the bucketed model to a roles-based allocation, which is almost like a total portfolio approach. And so we've got our growth allocation, we have our diversifying assets, and then we have a real assets allocation.”
Mar 10, 2025 bearish
Mar 10, 2025
Mar 10, 2025
O'Leary: Manager behavior reveals investment process and partnership fit
“If you don't spend a little of that time getting to know folks, understanding how they think, how they operate, that not only informs their investment thought process and how they treat their staff, how they approach their underlying assets, it's a really good…”
Mar 10, 2025
O'Leary: Foundation maintains a fifty-fifty liquid to illiquid asset split
“We don't have the flexibility of, say, a college endowment, so you've got to have enough liquidity built in there, and then obviously we're looking for that return. That bucket is probably fifty-fifty in terms of liquid versus non-liquid.”
Mar 10, 2025 positive
Mar 10, 2025 neutral
Mar 10, 2025
O'Leary: Diligence pauses immediately if a manager dodges a question
“The experience gets baked into the process by us ensuring that if I don't get an answer, There's two other folks on this relationship that are gonna ask the same question, point out that it hasn't been answered, and it basically empowered us to be a lot bolder…”
Mar 10, 2025 positive
O'Leary: Getting managers to reveal concealed truths is 90% of diligence
“I think holding people's feet to the fire on tough stuff, like the conversation around the succession planning, those conversations where this is a safe venue for us to talk about hard things and really having managers understand that, and then feeling empower…”
Mar 10, 2025
Mar 10, 2025 negative