Sargent: Packard Foundation lost money backing a short-only fund in 2015
Kimberly Sargent · Kimberly Sargent – Passion and Mission at the Packard Foundation (EP.333) · Aug 14, 2023 · at 54:41
Kimberly Sargent, CIO of the David and Lucile Packard Foundation, recounts investment mistakes made during her time at the endowment.
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“We also back to short only fund in 2015. Wonderful people, wonderful research, but it was a really, really tough time and they ended up going out of business and we lost a lot of money feeding the beast over those years.”
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