Jenkins: Carnegie's co-CIO structure built in a senior devil's advocate
Meredith Jenkins · Meredith Jenkins – A Path to Trinity (Capital Allocators, EP.31) · Nov 13, 2017 · at 29:12
Meredith Jenkins details how she and Kim Lew structured diligence reviews during their tenure as co-CIOs at Carnegie Corporation.
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“Then the other person between Kim and I would be the secondary. And so the secondary's role was a built-in devil's advocate. And so the secondary, you know, anytime anything new or re-up or we were just sort of re-examining a manager for some reason, the secondary's role would be, okay, can we, is there another way we could do this? Is there something that's more liquid? Is there something that's more attractively structured or better returns or the type of exposure this is going to give us? Would it be somewhere else in the portfolio?”
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