Hiro Mizuno is the recently departed Executive Managing Director and Chief Investment Officer of GPIF, Japan’s $1.5 trillion Government Pension Investment Fund, which is the largest pool of institutional capital in the world. In taking the seat five years ago, Hiro sought to change how large asset owners go about investing capital. Our conversation covers his differentiated thought process across drivers of return, the home country bias, implementation of investing, and structural alignment with active managers. We then talk about the Universal Ownership concept, stewardship of passively managed assets, evaluation of manager effectiveness, ESG integration in fixed income, and the current carbon footprint for GPIF and therefore for the global economy. Hiro has made a serious dent in how asset owners, index fund managers, and companies consider sustainable investing principles and was the perfect guest to complete this mini series, Sustainable Investing: The Next Frontier. Learn More Read the Transcript Subscribe to the Capital Allocators Blog or Monthly Mailing List Don't Subscribe, but Let Us Know Who You Are Write a review on iTunes Follow Ted on twitter at @tseides Review past episodes of the Podcast

Lauren Taylor Wolfe is co-founder and Managing Partner of Impactive Capital, an activist hedge fund that engages with companies to drive long-term sustainable returns. Impactive employs a breadth of tools common to activist strategies, working with management teams on capital allocation, operational initiatives and capital structure, and adds material ESG improvements as a key component of the long-term future success of its portfolio companies. Our conversation covers Lauren’s early interest in investing, her path to founding Impactive, and investment philosophy. We touch on Impactive’s four key investment criteria, examples of ESG activism in a hotel, an auto dealer, and a waste water business, evolution of interest in sustainability from management teams, the value of long duration capital, and perspectives for women in the industry. Learn More Read the Transcript Subscribe to the Capital Allocators Blog or Monthly Mailing List Don't Subscribe, but Let Us Know Who You Are Write a review on iTunes Follow Ted on twitter at @tseides Review past episodes of the Podcast