[REPLAY] - Jennifer Heller – Thinking it Through (Capital Allocators, EP.07)

Capital Allocators – Inside the Institutional Investment Industry

Ted Seides – Allocator and Asset Management Expert

Investing, Capitalallocation, Business

4.8 • 806 Ratings

🗓️ 25 March 2021

⏱️ 54 minutes

🔗️ Recording | iTunes | RSS

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Summary

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 almost $9B for those same families, much of it from compounding over a quarter century. The Group invests flexibly across asset classes, with a focus on partnering with people who they believe have sustainable competitive advantages, share their long-term vision, and have highly aligned interests. These elite managers often start with great ideas, but limited capital.

Before taking the helm at Brandywine five years ago, Jenny worked at the Sloan Foundation, Stanford University Management Company, and Merrill Lynch in its investment banking program. She is a graduate of Williams College, where she serves on its Investment Advisory Committee, and Stanford Business School.

Our conversation starts with Jenny’s frustrating experiences with a non-profit micro finance in India and South Africa and turns to her career allocating money on behalf of non-profits and families. We touch on subtleties in picking managers for taxable investors, challenges in executing a long-term strategy, learning from mistakes, and mentorship. Jenny’s clear and deep thought process provides pearls of wisdom throughout our conversation.

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Transcript

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0:00.0	Hello, I'm Ted Sides, and this is Capital Allocators.
0:09.7	This show is an open exploration of the people and process behind capital allocation.
0:15.8	Through conversations with leaders in the money game, we learn how these holders of the
0:20.3	keys to the kingdom allocate their time and their capital.
0:24.2	You can keep up to date by visiting www.com.com.
0:32.3	Ted Sides is the managing director of Hidden Brook Investments LLC.
0:36.4	All opinions expressed by TED and podcast guests
0:38.9	are solely their own opinions and do not reflect the opinion of Hidden Brook investments.
0:43.4	This podcast is for informational purposes only and should not be relied upon as a basis for
0:48.0	investment decisions. Clients of Hidden Brook investments may maintain positions and securities
0:52.8	or managers discussed on this podcast.
0:56.2	I want to start today's show by thanking you for tuning in. I've had a great deal of fun in the
1:02.1	initial half-dozen episodes of capital allocators, and I've lined up a terrific roster for the next
1:07.5	half-dozen. I don't know where this will all go, but I want to thank you
1:11.3	in advance for listening and spreading the word. As always, I welcome your feedback and
1:16.5	encourage you to send me a note. You can do that at Capital Allocatorspodcast.com slash contact.
1:24.1	My guest on today's show is Jenny Heller, the president and chief investment officer of Brandywine Trust Group.
1:31.5	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.
1:41.4	Today it oversees almost $9 billion for those same families, much of it from
1:46.5	compounding over a quarter century. The group invests flexibly across asset classes with a focus
1:52.3	on partnering with people who they believe have sustainable competitive advantages,
1:57.2	share their long-term vision, and have highly aligned interests.
	...

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