Carnegie's $10M Peruvian fund commitment highlights scale advantage over Yale
Kim Lew · Kim Lew – The Carnegie Way (Capital Allocators, EP.52) · May 14, 2018 · at 47:41
Kim Lew, CIO of Carnegie Corporation, explains how Carnegie exploits idiosyncratic small opportunities in emerging markets that massive endowments cannot efficiently pursue.
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“We did a manager that had a twenty million dollar fund, and we did 10 of it. We can do that. Yale can't do that. It doesn't make sense. I mean, they could do it. They have the skills to do it, but it's not a good use of their time”
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