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Tom Joy – Divine Diversification and Responsibility at Church Commissioners (Capital Allocators, EP.306)
FromCapital Allocators – Inside the Institutional Investment Industry
Tom Joy – Divine Diversification and Responsibility at Church Commissioners (Capital Allocators, EP.306)
FromCapital Allocators – Inside the Institutional Investment Industry
ratings:
Length:
58 minutes
Released:
Apr 3, 2023
Format:
Podcast episode
Description
Tom Joy is the Chief Investment Officer at the Church Commissioners of England, where he is responsible for the stewardship of the Church of England’s £10.1 billion endowment fund. Our conversation covers Tom’s background, the history and goals of Church Commissioners to achieve sound returns with modest volatility and invest responsibly. We discuss Tom’s four pillars to achieve these objectives across governance, people, genuine diversification, and operations, and dive into team structure, internal management, external manager selection, responsible investing in the environment, diversification in public and private markets, new initiatives, and risks on the horizon. Show Notes: (3;25) Tom’s background (6:55) History of Church Commissioners (7:42) Investment goals (15:03) Governance (19:48) Team Structure (23:39) Internal vs. External management (28:31) Tactical asset allocation (29:36) External manager selection (31:16) Responsible investing (36:08) Divestment vs. engagement (39:45) Socially beneficial investing (40:40) Genuine diversification (43:25) Private equity and venture capital (46:49) Real assets (49:23) Credit markets (50:02) Hedge funds (50:43) New initiatives (51:44) Risks (53:31) Closing questions Learn More Follow Ted on Twitter at @tseides or LinkedIn Subscribe to the mailing list Access Transcript with Premium Membership
Released:
Apr 3, 2023
Format:
Podcast episode
Titles in the series (100)
Jennifer Heller – Thinking it Through (Capital Allocators, EP.07): Jenny Heller is the President and Chief Investment Officer of Brandywine Trust Group. Brandywine formed 25 years ago to manage the capital for a small group of families that all share a long-term, multi-generational time horizon. Today, it oversees almos by Capital Allocators – Inside the Institutional Investment Industry