Fenton: CIOs Should Develop Staff by Delegating Challenges Incrementally
Joshua Fenton · CIO Transition – Roz Hewsenian and Joshua Fenton, Helmsley Trust (EP.401) · Aug 19, 2024 · at 15:42
Joshua Fenton, incoming CIO of the Helmsley Charitable Trust, discusses how CIOs should structure delegation to train and develop investment staff.
0:00 / 0:10exact quote · 10.4s
720p mp4 · rendered on demand · StarZero watermark
“And I think that's another thing that's really important as a CIO is to give your team members the opportunities to grow professionally without dropping problems in their lap, being incremental about it.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Joshua Fenton
Fenton: Only 20% of Manager Ideas Strictly Match Stated Criteria
“Maybe 20% of the ideas fit into this lovely definition of what you're looking for, but you can't limit yourself to that, or you won't be able to build a portfolio.”
Fenton: Normalizing Markets Challenge Thirty-Year Era of Illiquid Private Assets
“I think the environments are slowly returning to what I would call normal pre-financial crisis levels of investment scenario. There are obviously big adjustments happening as we speak, but I think there's an environment that will Have impacts on how institutio…”
Fenton: Allocator CIOs Must Not Dismiss First Pitches From Generalist Teams
“In the asset allocator space, especially when you're managing a generalist team, you can't just say no to the first pitch. You've got to ask questions about where they think this might go, and then let them keep going.”
Fenton: Comparing Specific Case Studies to Pitch Decks Reveals Manager Inconsistencies
“One of the ways to do that is by asking details about investment examples, and then flipping back to the generic slide deck, you can generally find inconsistencies, and you want a manager who's going to not feel like you just called them out and get really def…”
Fenton: Asset Managers Unnecessarily Avoid Consulting LPs on Succession Planning
“There seems to be a pretty deep-rooted reluctance on the part of managers to survey their best clients about what might be the best way forward. Just help me out here. The clients would love to help you because they don't want you to go in the wrong direction …”
Fenton: Leaders Should Provide Information Rather Than Direct Advice
“I think one thing that I've learned is that instead of giving advice, people respond better if you give them information, and so I guess that would be the thing that I would ever tell somebody is if someone comes to you for advice, don't tell them what to do. …”