Shannon O’Leary – Relationship Capital Investing at St. Paul & Minnesota Foundation (EP.435) | Capital Allocators – Inside the Institutional Investment Industry | Podwise
This podcast features an interview with Shannon O'Leary, CIO of the St. Paul & Minnesota Foundation, discussing her investment philosophy and approach. The conversation covers her relationship-driven strategy, emphasizing frank communication with families, boards, and investment managers, and the importance of understanding the human element in investing. O'Leary details her process for selecting and working with managers, including the use of "degrees of freedom" in portfolio allocation and the importance of addressing succession planning. A key takeaway is her unique approach of bringing her daughter to manager meetings to gain insights into their communication style and assess their suitability. The interview concludes with reflections on current market challenges and future goals for the foundation.
