300 episodes

A series that showcases the diversity and richness of the investment world through showcasing inspiring investors and their stories. 

The Fiftyfaces Podcast Aoifinn Devitt

    • Business

A series that showcases the diversity and richness of the investment world through showcasing inspiring investors and their stories. 

    Kurt Summers of Blackstone: Public Service from Every Angle

    Kurt Summers of Blackstone: Public Service from Every Angle

    Kurt Summers is a Senior Managing Director and Head of Public-Private Partnerships inBlackstone’s Infrastructure Group. In this capacity, Mr. Summers is responsible forinvestment strategies in partnership with governments, public entities, civic and labororganizations, and broader stakeholders to help advance local infrastructure prioritiesand he also advances Blackstone Infrastructure’s ESG efforts. Mr. Summers waselected and served as Chicago’s 70th City Treasurer until 2019. Mr. Summers alsoserved as both Chairman of the Chicago Infrastructure Trust, where he led the largestlighting retrofit project in North America, and Chairman of the Chicago CommunityCatalyst Fund, a first-of-its-kind $100 million local investment fund focused on privateinvestments in Chicago neighborhoods..Kurt’s chapters of public service are numerous and varied, and we chart these from start tofinish. We hear about the extraordinary responsibility that came with some of the roles, thenumbers of employees within the coverage areas and the budget at stake. This sparks adiscussion of the difference between public and private sector careers, and the kind ofexperience that the former can provide, mainly due to the fact that some responsibility can comeearly in one’s career.We move then to discuss infrastructure and the public/private partnership opportunity anddiscuss some of the particular transactions that make sense as well as the impact that theseprojects can have.Series 3 of 2024 is supported by Ruffer and Nuveen. Ruffer is a London based asset manager -founded in 1994 - managing over $25 billion for institutions, pension funds, charities andindividuals. They have a single investment approach that aims to deliver positive returns acrossthe full range of market conditions.  Nuveen has provided investment excellence for 125years. With expertise across income and alternatives, Nuveen continues to expand itscapabilities while maintaining its legacy as a leading investment manager. Visit Nuveen.comto learn more. Investing involves risk; loss of principal is possible.

    • 34 min
    Kevin Leonard of NEPC: Towards a Sustainable Future for Public Pensions and Solving Pension Envy

    Kevin Leonard of NEPC: Towards a Sustainable Future for Public Pensions and Solving Pension Envy

    Kevin Leonard is Partner and Practice Group Director – Public Funds and Taft Hartley at NEPC. He has had a long career in consulting and started his career as an accountant.Kevin has had a career of over 30 years in investment consulting, and it had a somewhat “accidental” start – being driven more by location and convenience than a calling.  Things quickly shifted however, and Kevin found that working with public funds where the possibility to add value and have impact was high and the touchpoints with investment committees and Boards frequent and satisfying.We move then to discuss some of the challenges facing public funds more broadly and the mélange of policy issues, economic challenges and resource constraints that create a unique workload for the investment consultants serving this segment.  Staying with policy we discuss the relevance of ESG and D&I issues for this client segment and how investment consultants are staying ahead of the curve to ensure that this mission can be fulfilled. Series 3 of 2024 is supported by Ruffer and Nuveen. Ruffer is a London based asset manager - founded in 1994 - managing over $25 billion for institutions, pension funds, charities and individuals. They have a single investment approach that aims to deliver positive returns across the full range of market conditions.  Nuveen has provided investment excellence for 125 years. With expertise across income and alternatives, Nuveen continues to expand its capabilities while maintaining its legacy as a leading investment manager. Visit Nuveen.com to learn more. Investing involves risk; loss of principal is possible.

    • 37 min
    David Golub of Golub Capital: Giving Culture the Credit

    David Golub of Golub Capital: Giving Culture the Credit

    David Golub is President at Golub Capital, a direct lender and credit manager established in 1994, and celebrating its 30th anniversary this year. As the son of a psychiatrist and psychologist, a path into finance was originally a divergent path, and a somewhat non-linear one at that.As we chart the course of David’s career we chart the arc of Golub Capital’s at the same time – discussing the origins of the concept of a private lending firm and how it had its roots in private equity.  Designed to solve a problem, offer certainty of execution and built on a network of relationships we hear how a lot of hard work – and a little bit of luck – lead to the positioning that they enjoy today.We move then to discuss the nature of the private credit market and how it has evolved over the course of Golub’s history.  We examine its significantly enhanced breadth and sophistication today.One of David’s key personal interests is in culture and we speak in particular about the role that culture plays at Golub.  The firm dedicates significant resources to training, coaching and creating a sense of belonging for its team members. We speak about the role of feedback and accountability as well as the way that junior professionals are mentored and learn how to take risk.  Finally we discuss the role of worrying and how for a credit investor it seems to go with the territory. Series 3 of 2024 is supported by Ruffer and Nuveen. Ruffer is a London based asset manager - founded in 1994 - managing over $25 billion for institutions, pension funds, charities and individuals. They have a single investment approach that aims to deliver positive returns across the full range of market conditions.  Nuveen has provided investment excellence for 125 years. With expertise across income and alternatives, Nuveen continues to expand its capabilities while maintaining its legacy as a leading investment manager. Visit Nuveen.com to learn more. Investing involves risk; loss of principal is possible.  

    • 34 min
    Derek Walker of CPP Investments: Total Return for the Portfolio of Tomorrow

    Derek Walker of CPP Investments: Total Return for the Portfolio of Tomorrow

    Derek Walker, is Head of Portfolio Design & Construction, total Fund Management and a member of the Global Leadership Team at CPP Investments, based in Toronto. He previously worked in MSCI in Geneva. We start by discussing what Derek describes as a “non linear” career path, and his road from technology and machine translation to CPP Investments. We turn then to unpacking Total Fund Investing at CPP Investments, and learn how it prioritizes best overall portfolio construction for risk-adjusted returns and involves tradeoffs across different asset classes. We speak about how organization size matters in implementing such an approach and how scale and resourcing lends itself to thinking holistically in this way.  We also discuss how it affects mindset, and true team mindset and accountability. The three elements of governance, diversification and culture are discussed in detail. Digging into some more detail, Derek explains how the team has a reference portfolio and a “factor first” approach around tilting away from that. We discuss the stability of various factors and how the macro backdrop is factored in.  Finally Derek discusses what it is like to work at CPP investments and how the mission of the organization and the fact that it serves over 21 m beneficiaries and contributors across the country is such a motivator.  Series 3 of 2024 is supported by Ruffer and Nuveen. Ruffer is a London based asset manager - founded in 1994 - managing over $25 billion for institutions, pension funds, charities and individuals. They have a single investment approach that aims to deliver positive returns across the full range of market conditions.  Nuveen has provided investment excellence for 125 years. With expertise across income and alternatives, Nuveen continues to expand its capabilities while maintaining its legacy as a leading investment manager. Visit Nuveen.com to learn more. Investing involves risk; loss of principal is possible.

    • 27 min
    Anna McDonald of Moneta: Going for Gold - Coaching Athletes on their Financial Game

    Anna McDonald of Moneta: Going for Gold - Coaching Athletes on their Financial Game

    Anna McDonald has a dual role at Moneta, a St. Louis based RIA with over $32 billion in assets under management. She supports athletes in all aspects of their financial lives, preparing them for sustained success beyond their athletic careers. She knows this segment well as she previously spent six years as an ESPN reporter, covering Major League Baseball and the National Football League. During this time she was a spokesperson around health and safety concerns of the NFL.  In addition to her work with athletes, she also serves as Moneta’s Director of Family Learning. In this capacity, she works at the net as client facing teams to facilitate learning programs for families to transfer wealth to younger generations.Having bridged both journalism and financial advice, we start with the mysterious world of professional sports and reporting on them.  Anna describes how she won the trust of athletes, getting them to open up to her as a reporter, and discusses how meeting them at their level of discussion in terms of technical knowledge was the key to rising above some of the “fluff” in sports coverage.  She translated this counseling and advisory capacity into a broader desire to work with athletes to plan their lives beyond their financial careers and her role at Moneta was born.The profile of professional athletes is unique in terms of earning – and can resemble the inverse of a J curve – in that earnings can be front end loaded but can taper off once a career recedes or retirement occurs.  This underscores the importance of planning, budgeting and preparing for a career beyond elite sports, and we discuss the educational and practical components of this.Series 3 of 2024 is supported by Ruffer and Nuveen. Ruffer is a London based asset manager - founded in 1994 - managing over $25 billion for institutions, pension funds, charities and individuals. They have a single investment approach that aims to deliver positive returns across the full range of market conditions.  Nuveen has provided investment excellence for 125 years. With expertise across income and alternatives, Nuveen continues to expand its capabilities while maintaining its legacy as a leading investment manager. Visit Nuveen.com to learn more. Investing involves risk; loss of principal is possible.

    • 29 min
    BONUS EPISODE - Nicci Take - Deal and Presentation Coach - Sealing the Deal, Following Up and Remembering Forgetting

    BONUS EPISODE - Nicci Take - Deal and Presentation Coach - Sealing the Deal, Following Up and Remembering Forgetting

    Nicci Take featured in our first Pride series in 2021 and shared her story as a prominent transgender advocate, inspirational speaker and coach.  We have watched Nicci’s presence grow and thrive over the past 3 years, she posts frequent inspirational content on Linked IN and we we wanted to ask her back onto the podcast to share some of that wisdom  - particularly as we get ready to launch our pride series of 2024 in coming weeks. Now global head coach at MMC Marsh McLennan, Nicci works with teams to help the company secure more deals.  We speak about the dynamics of being memorable in these presentations, and how prioritizing the needs of the audience is paramount.  We discuss the poor retention levels of audiences, citing the Ebbinghaus Curve of Forgetting and the staggering amount of information that is forgotten as time passes from the date of acquiring it.  This reinforces the importance of repetition and follow up.  Nicci cites the “day, week, month” mantra for follow up, which sets the cadence for interactions after the initial meeting, and a host of other tips for making presentations memorable, including that it really is not about the presenter.  

    • 17 min

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