Scott Pittman, Mount Sinai's Endowment sits down with host Michael Oliver Weinberg to discuss risk taking strategies, private markets, regional investment trends across Europe, Asia, and more.
Michael Oliver Weinberg, co-founder, Improving Alpha Podcast Series
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In today's ever-changing investment landscape, not all institutional investors can conform to a one-size-fits-all approach. This is particularly evident in the healthcare endowment sector, where our esteemed specialist oversees a staggering $2.3 billion portfolio of endowed funds and long-term capital. When you add in the support for insurance-related assets, totaling approximately $4.0 billion, and benefit plan assets amounting to around $6 billion, it becomes clear that strong investment convictions are essential for navigating diversification challenges and driving innovation.
In this highly anticipated episode of the Improving Alpha podcast, join Michael Oliver Weinberg as he engages in a compelling conversation with Scott Pittman, SVP and Chief Investment Officer at Mount Sinai Medical Center. Gain valuable insights into Scott’s visionary objectives for the future and discover how he strategically harnesses the power of research, fundamental and quantitative analysis to drive exceptional performance and unlock investment value.
Scott discusses:
- his career evolution and how his passion for investing and science led him to Mount Sinai’s endowment.
- how a medical endowment compares and contrasts against other allocators and how the complexity of the healthcare industry impacts the team’s investment decisions.
- where do directional risk taking strategies help to improve alpha across public and private markets, non-equity markets, and even credit.
- his insightful perspective on diversification and its correlation with manager relationships, encompassing market exposure and active fees.
- what sort of sector and industry trends does Mount Sinai research before diving into the regional investments in Europe, Asia, and other areas.
- the significance of ESG considerations and the effective two-step process employed to align Mount Sinai’s views on ESG with their future investments.
- and more!
About Scott Pittman:
Scott Pittman joined the Mount Sinai Health System as the SVP and Chief Investment Officer in December 2008. The Investment Office is charged with managing the institution’s $2.3 billion endowment and long-term capital. The office also helps advise on $5.0 billion of insurance-related assets and $5.5 billion of benefit plan assets. Scott serves as the Chairman of the FOJP Investment Committee as well as the Investment Committee Chairman for Healthfirst. Scott also serves on the Investment Council for TIAA-Nuveen.
Prior to joining Mount Sinai, Scott was the Director of Investments at Baylor University. He also served as an instructor in the Hankamer School of Business and taught Baylor’s Portfolio Practicum course where students actively managed a $6.5 million investment portfolio. Before joining Baylor’s Investment Office, Scott taught Corporate Finance and Economics at the University’s business school, and he spent several years in the healthcare industry.
About Our Host:
For three decades Michael has invested directly at the security level and indirectly as an asset allocator in traditional and alternative asset classes. Most recently he was a Managing Director, Head of Alternative Alpha, on the Investment Committee and a board member at APG, a Dutch pension provider. Previously he was the Chief Investment Officer at MOV37 and Protege Partners. Michael is also an Adjunct Professor of Economics and Finance at Columbia Business School, where he teaches Institutional Investing, an advanced MBA course that he created.
Michael is a published author, having written for The New York Times, international investment books and other publications. Michael has been interviewed by the Wall Street Journal, Financial Times, CNBC, Bloomberg and Reuters. He is a frequent panelist, moderator and lecturer for investment banks, institutional and family office organizations and business schools.
The information covered and posted represents the views and opinions of the guest and does not necessarily represent the views or opinions of Vidrio Financial, and/or our host, Michael Oliver Weinberg. The Content has been made available for informational and educational purposes only. The Content is not intended to be a substitute for professional investing advice. Always seek the advice of your financial advisor or other qualified financial service provider with any questions you may have regarding your investment planning.
