Snider: Becoming a CIO Shifts Work Away from Sourcing and Diligence
Donna Snider · Donna Snider – Inside the Investment Process at the Kresge Foundation (Capital Allocators, EP.84) · Jan 28, 2019 · at 41:45
Donna Snider, Managing Director at the Kresge Foundation, reflects on the operational differences between being a senior investment director and serving as a Chief Investment Officer.
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“When I move to being a CIO, or if I have the opportunity to move to being a CIO, that's not going to be my primary job. Managing boards. Managing politics in an organization. Managing a team. Managing Team development. Staff development. Making the hard decisions. Like, there's gonna be a lot of, like, polls. Speak on this panel. Go to this conference. Speak up about whatever the hot topic issue is in our world today, and it's gonna probably, like, write a policy on this and do that, right? Like, it's not gonna be a lot of investing. It's not gonna be source and diligence managers. It's not gonna be run the spreadsheet, run the regression, figure out where there's spurious correlation. It's not going to be any of that stuff that I think is fun”
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