E100: CIO of $2.9 Billion University of Illinois Endowment
Podcast:The 10X Capital Podcast Published On: Thu Oct 03 2024 Description: Travis Shore, CIO at University of Illinois Foundation sits down with David Weisburd to discuss how CIOs can adapt to the next big change in time, the critical mistakes made in mastering risk in uncertain markets, and identifying which strategy may save your endowment in the next crisis. The 10X Capital Podcast is part of the Turpentine podcast network. Learn more: turpentine.co – X / Twitter: @dweisburd (David Weisburd) @uofi_foundation (University of Illinois Foundation) -- LinkedIn: University of Illinois Foundation:https://www.linkedin.com/company/universityofillinoisfoundation/ Travis Shore: https://www.linkedin.com/in/travis-shore-cfa-34a05712/ David Weisburd: https://www.linkedin.com/in/dweisburd/ – Links: University of Illinois Foundation: https://uif.uillinois.edu/ – Questions or topics you want us to discuss on The 10X Capital Podcast? Email us at david@10xcapital.com -- TIMESTAMPS: (0:00) Episode Preview (1:28) Evolution of University of Illinois endowment and investment philosophy (3:09) Navigating herd behavior and the financial crisis impact on strategy (6:32) Evaluating venture managers and approach to asymmetric risks (8:34) Investor vs. allocator roles and decision-making in teams (11:18) Leadership principles and the value of iterative decision meetings (14:28) Developing institutional knowledge and asset allocation flexibility (17:49) Managing market cycles, risk, and liquidity (22:21) Adapting to market changes and liquidity management strategies (25:36) Governance's impact on endowment performance and board relations (30:36) Addressing bias in growth strategies and investor re-ups (33:11) Transition challenges to a CIO role and asset allocator decision-making (36:41) Closing remarks