
See highlights and learn more about the Insights & Ideas series.
Replay the January 14, 2021 event (viewing time 01:19:23)
The prevalence of social injustice was one of the defining themes of 2020. Racial and economic disparities have deepened over the past several months, and many of us feel called to address it. Learn about investment strategies that advance socioeconomic equity, and to hear what institutions are doing to enhance diversity in the investment industry.
Learn more about CPG's socially responsible investing approach.
Daryl J. Carter, Founder, Chairman, and CEO, Avanath Capital Management, LLC
Jasmine N. Richards, CFA, Head of Diverse Manager Research, Cambridge Associates
Christopher Rowe, Managing Director, Investments, Church Pension Group
Bobby Turner, Principal and Chief Executive Officer, Turner Impact Capital
Anne Mallonee, Chief Ecclesiastical Officer, Church Pension Group
Mary Kate Wold, CEO and President, Church Pension Group
The Reverend Canon Anne Mallonee is Executive Vice President and Chief Ecclesiastical Officer for CPG. She serves as an ambassador for CPG and is a key advisor to the organization. She joined CPG in 2014.
Immediately prior to joining CPG, she served as Vicar of Trinity Church Wall Street in New York City for ten years. Ordained for over 30 years, her ministry has been at the diocesan level and in campus, parish, and cathedral settings.
She holds a BA from the University of Kansas and an MDiv from Berkeley Divinity School at Yale University.
Mary Kate Wold serves as the CEO and President and board member of the Church Pension Group (CPG), a pension and financial services company that serves The Episcopal Church. She has held leadership positions in the financial services, pharmaceutical and healthcare, legal, and government sectors, including serving on the boards of numerous organizations.
Prior to joining CPG, Ms. Wold was Senior Vice President, Finance, and a Principal Corporate Officer of Wyeth, one of the world’s largest research-based pharmaceutical companies, where she provided direction across a spectrum of Wyeth’s business and finance operations. Before Wyeth, she was a partner and chaired the tax practice group of Shearman & Sterling, one of the world’s leading law firms, advising global clients on cross-border mergers and acquisitions and capital markets transactions. Earlier in her career, she served in the United States Department of the Treasury as a member of the Office of International Tax Counsel, where she negotiated the first income tax treaty between the United States and China.
Ms. Wold has served on numerous boards of both for-profit and non-profit organizations. She is currently a board member of Nucleus RadioPharma, Inc., a company modernizing the production of radiopharmaceuticals for cancer patients. She also sits on the board of The Jackson Laboratory, a biomedical research institution dedicated to the discovery of genomic solutions to cancer and other human diseases, and she is a board member of the Burke Neurological Institute, an academic and neurological research organization affiliated with Weill Cornell Medicine.
She serves on the vestry of Trinity Church Wall Street in New York City and on its investment committee. She is the former chair of the Church Benefits Association, a national industry association of faith-based benefits organizations, and is a former director and chair of a publicly traded medical-device company. Her professional affiliations include membership in the Women’s Forum of New York and Women Corporate Directors.
A native of North Dakota, Ms. Wold attended Hamline University in St. Paul, Minnesota, from which she graduated summa cum laude and was elected a member of Phi Beta Kappa. She graduated cum laude from the University of Michigan Law School. She holds an honorary degree of Doctor of Humane Letters from the Berkeley Divinity School at Yale University.
Daryl J. Carter is the Founder, Chairman and CEO of Avanath Capital Management, LLC, a California-based investment firm that acquires, renovates, and operates apartment properties, with an emphasis on affordable and workforce communities. He directs the overall strategy and operations of the Company. Since its formation in 2008, Avanath has acquired $2.5 billion of properties in 13 states in the U.S., comprising 10,000 apartment units. Avanath is vertically integrated and is an SEC registered investment advisor and an institutional fund manager, with capabilities that include acquisition sourcing and underwriting, construction, asset management, and on-site property management.
Daryl has 39 years of experience in the commercial real estate industry. Previously, he was an Executive Managing Director of Centerline Capital Group. He became part of the Centerline team when his company, Capri Capital Finance, was acquired by Centerline in 2005. He co-founded and served as Co-Chairman of the Capri Capital family of companies. Daryl was instrumental in building Capri to a diversified real estate investment firm with $8 billion in real estate equity and debt investments under management. Prior to Capri, he was Regional Vice President at Westinghouse Credit Corporation and a Second Vice President at Continental Bank.
He holds a Master’s in Architecture and a Master’s in Business Administration, both from the Massachusetts Institute of Technology. He received a Bachelor of Science degree in Architecture from the University of Michigan. He serves on the Visiting Committee of the MIT Sloan School of Management. In 2015, Daryl received the MIT Sloan School Distinguished Alumni Award and served as the 2015 commencement speaker for the Sloan School MBA graduation.
He is a Past Chairman of the National Multifamily Housing Council and previously served as an independent director on the boards of Catellus Development Corporation (CDX), Silver Bay Realty Trust (SBY), and Whitestone REIT (WSR).
Jasmine joined Cambridge Associates in 2018 as Head of Diverse Manager Research to lead the firm’s ongoing initiative to identify and research investment managers in all public and private asset classes that have underrepresented owners or leaders, including women and people of color. She has over 15 years of both buy and sell side experience. Prior to joining Cambridge Associates, she worked at FIS Group as an International Equity Manager and Research Analyst responsible for identifying and managing investment strategies, with an emphasis on diverse-owned asset managers.
Jasmine is a frequent speaker at client and industry events, including The Investment Diversity Exchange (TIDE), National Association for Security Professionals (NASP), New America Alliance (NAA) and National Association of Investment Companies (NAIC). She also regularly contributes to thought leadership in the diverse manager space partnering with industry organization such as the Intentional Endowments Network and Confluence Philanthropy.
She holds an MBA from University of Chicago Booth School of Business where she concentrated in Finance, Accounting and Strategic Management. While at University of Chicago, she also studied Emerging Markets at the University of Witwatersrand in Johannesburg, South Africa. She also attended the Massachusetts Institute of Technology and the New York Institute of Technology for her undergraduate education. She is a member of the CFA Institute and the CFA Society of Boston.
Christopher Rowe is a Managing Director of CPG. He is responsible for leading CPG’s socially responsible investment engagement strategy and outreach initiatives. He works to build relationships with companies in which CPG invests, peer organizations, the Episcopal Church, and other stakeholders with similar values. Additionally, he works on behalf of the Chief Investment Officer to oversee various aspects of administration for the Investments Department, including communications and compliance.
Prior to CPG, Christopher was Chief of Staff to the CEO of PGIM, Prudential Financial’s asset management business, where he was responsible for wide-ranging activities, including business administration, external relations, and sustainability. Earlier in his career he worked directly with institutions and faith-based investors on strategies for integrating values with investments.
He received a BA in economics from Haverford College and an MBA in finance from New York University. He is a Chartered Financial Analyst.
Over the past two decades, Bobby Turner has established himself as a pioneer in the area of social impact investing. Since founding Turner Impact Capital in 2014, he has rapidly built one of the nation’s largest social impact investment firms, with over $3 billion in investment potential to help address some of the country’s most pervasive social issues with real estate solutions. As former Chairman, CEO and Co-Founding Partner of Canyon Capital Realty Advisors (CCRA), he oversaw a commercial real estate and mortgage asset portfolio totaling over $12 billion and was responsible for launching several groundbreaking funds that helped define the “triple bottom line” investment movement. In his years as a social impact innovator, Bobby has dedicated himself to providing sound financial returns for investors while fostering opportunities for the communities in which his funds invest.
Bobby is a graduate of the Wharton School at the University of Pennsylvania (B.S., Finance) where he serves on Wharton’s Board of Overseers and where he has endowed a number of initiatives focused on social impact and triple bottom line investing. Today these programs have grown to include curriculum development, summer internships for students interested in pursuing social impact careers, financial scholarships for minority students, the Turner Social Impact Society and the Lauren and Bobby Turner Executive Speaker Series for Social Impact.