Larry Kochard
speaker
464 appearances
1 recordings
1 series
first heard Feb 2026
last heard 11 Feb
Larry Kochard’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Feb 2026 with 1.
Appearances
It was the first time I was a CIO.
So one of the first steps I took was to go out and do a survey of other successful, long-time serving CIOs.
A lot of people were very generous with their time.
I sat down with the likes of David Swenson.
I sat down with Alice Handy, who was the longtime CIO at the University of Virginia, who really was, for all intents and purposes, a mentor to me.
As a result of that, I came back
And the first investment committee meeting I had with the board, I kind of had the results, presented the results of the survey.
And really what I was looking to do was craft a new investment policy statement that would set the rules of the game, how much risk we would take, what would the asset allocation look like, what would be the process.
pick out two of them.
So David Swenson, again, very generous with his time.
The thing he impressed upon me was this notion of having the investment committee be part of the process.
So even though the investment office is driving the bus in terms of idea generation, in terms of the investments that they wanted to do, having the investment committee buy in
to the investments produce this idea of sustainability, meaning you could sustain yourself through the long term.
Because any investment you make, it's not going to be a straight line from here to the finish line.
You're going to have ups and downs.
And making sure that the investment committee really was bought into the process
And the logic behind why you made certain investments was really helpful to me.
Alice Handy really impressed upon me the notion of becoming very embedded into the institution, being close to the senior leaders of the institution, the president, the provost, the CFO.
But then also on the academic side, as well as alumni groups, as well as students.
And so that was really instrumental to me because she impressed this notion of what makes those jobs so special is the fact that you're part of this academic community and making sure that you're not isolated from the community and thoroughly embedded in the community will, again, make it easier to ride the ups and downs of the market over the long term.
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