Brandywine assigns a second senior diligence lead to check the CIO
Jenny Heller · Jennifer Heller – Beginner's Mind with Professional Wisdom at Brandywine (Capital Allocators, EP.211) · Aug 30, 2021 · at 32:33
Jenny Heller is the President and CIO of Brandywine Group Advisors, discussing internal governance mechanisms designed to mitigate cognitive bias in investment decisions.
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“One of the things that a newer colleague recommended in the past couple years was to bring on a second after what we call the early to midpoint, you know, in our diligence process, which is our issue memo stage. After the issue memo is discussed as a team, someone on the team, typically another senior member of the team, We'll volunteer to be a second, and they will sit side saddle in diligence for the rest of the process. And this is to ensure that there's more buy-in on the team and that there's another check and balance to be on me to make sure that we're getting more perspectives.”
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