Laura Hill, CIO of Advocate Health, reflects on where human investment judgment and relational competitive advantages persist as AI automates routine analytical artifacts.
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“It's not a better PowerPoint. It's not a better model. It's not a better memo. AI can do all of those, but it's speed to decision, differentiated relationships, differentiated viewpoint.”
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More from Laura Hill
Insight
Allocators must not use AI for core risk questions, Hill says
“To me, the purpose of an investment memo is to sit down and make yourself think, what are the bets I'm taking? What would make this blow up? If we come back for a re-up in three or four years, what would make us pause or what could have gone wrong? I absolutel…”
Laura HillSep 14, 2026▶ 13:41AI in the Investment Office – Abby Barlow, Laura Hill, Brian Sugrue, Jenny Heller, John Lawrence, Matt Bank, Kristin Kallergis Rowland, Jon Webster (EP.515)
Opinion
Hill is extremely skeptical of vendor AI document routing tools
“The external vendor solutions so far for document routing has not met expectations. We have chosen to build that internally. A lot of this is the virginous nature of how GPs send documents. I'm extremely skeptical of the solutions that claim to be able to mana…”
Laura HillSep 14, 2026▶ 16:46AI in the Investment Office – Abby Barlow, Laura Hill, Brian Sugrue, Jenny Heller, John Lawrence, Matt Bank, Kristin Kallergis Rowland, Jon Webster (EP.515)
Disclosure
Advocate Health uses internal AI to ingest private market statements, Hill says
“Right now, it's ingesting all of our private markets, statements, capital calls. It's extracting the data, which is different across every manager. It's fitting it out into a uniform Excel template that our analysts can then review.”
Laura HillSep 14, 2026▶ 15:10AI in the Investment Office – Abby Barlow, Laura Hill, Brian Sugrue, Jenny Heller, John Lawrence, Matt Bank, Kristin Kallergis Rowland, Jon Webster (EP.515)
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