Vicki Fuller
Showing 1–3 of 3 transcripts.
- Milken Institute58 min
Institutional Investors: Focusing on Long-Term Value in a Short-Term World
Joseph L. Hooley, Christopher Ailman, David Atkin, Vicki Fuller, Nick Moakes, Juan Manuel Valle Pereña, Chris Ailman
Representatives from CalSTRS, the NYS Common Retirement Fund, and the Wellcome Trust convened to discuss navigating a global equity market priced to perfection by maintaining defensive postures and leveraging long-term horizons. The panelists reached a consensus against asset divestment, favoring direct engagement and integrated reporting to address ESG risks while prioritizing capital allocation in technology, biotech, and food security. Key strategic shifts included upgrading credit quality, expanding international real assets, and adopting sustainable spending models to mitigate the pressures of tightening interest rates and regulatory uncertainty.
- Milken Institute55 min
Investing in Sustainable Development
Susan Mac Cormac, Anne Finucane, Vicki Fuller, Scott Minerd, Clifton Robbins, Markus Voigt
A panel of institutional leaders from Bank of America, Blue Harbor, and the New York State Common Retirement Fund redefined the investment landscape by distinguishing between broad sustainability and material ESG factors while advocating for hybrid corporate structures like Public Benefit Corporations. These experts outlined strategies to deploy hundreds of billions in capital toward renewable energy and infrastructure, emphasizing that integrated reporting and rigorous data standards are essential for mitigating stranded asset risks and ensuring fiduciary compliance. The consensus projects that ESG integration will soon become a baseline legal requirement, transforming impact-first philanthropy into investment-first strategies that deliver superior long-term returns without concessionary financial performance.
- Milken Institute1h 7m
Taking the Long View: The Dangers of Short-Termism
Scott Minerd, Christopher Ailman, Scott Evans, Vicki Fuller, Hiromichi Mizuno
Representatives from major funds including GPIF, CalSTRS, New York State, and New York City convened to advocate for shifting from quarterly transparency to long-term "permanent ownership" strategies that prioritize corporate governance over short-term market volatility. The panelists unanimously criticized outdated fee structures and bureaucratic hiring constraints, proposing aggressive reforms such as clawback provisions, in-house management expansion, and a transition of U.S. public pensions into quasi-commercial entities to secure top-tier talent. By aligning compensation models with actual performance and redefining passive management as active stewardship, these leaders aim to sustain multi-decade return objectives amidst a landscape of near-zero bond yields and intense public pressure for immediate results.