Apr 18, 2022
Tom Lenehan is the CIO at the
Wallace Foundation, where he oversees $2 billion for the New York
City-based Foundation whose mission is to foster equity and
improvements in learning and enrichment for young people. Tom is
only the second CIO in Wallace’s history, having taken over the
helm in January 2021. Before joining Wallace, he served as deputy
CIO of Rockefeller University under longtime CIO Amy Falls and
appeared as the 4th guest on Capital Allocators back in 2017. That
replay is available in the feed and offers a fantastic comparison
in Tom’s perspectives on as a deputy compared to a CIO.
Our conversation this time dives into his transition, managing a team and a portfolio during COVID, and how Tom has approached asset allocation of a new pool of capital. We discuss his key priorities for the portfolio, and his perspectives on China, venture capital, private equity, hedge funds, inflation, cash, and crypto. We close with Tom’s approach to building and working with his team, governance, and future risks.