Joel Wittenberg is the chief investment officer and vice president of W.K. Kellogg Foundation, where he has managed the foundation's $8 billion in assets since 2009. The Kellogg Foundation is guided by the belief that all children should have an equal opportunity to thrive. In accordance with that mission, in 2007 its Board committed to be an effective anti-racist organization that promotes racial equity. Over the ensuing thirteen years, the organization has become a leader in applying research and taking effective action. Our conversation touches on Joel’s background in the fixed income markets and the application of duration and convexity to allocating capital. We then turn to his work at the Foundation fostering racial equity. We discuss the importance of open conversations about race, Kellogg’s expanding equity program for majority-owned managers, emerging manager allocations and impact investments. Lastly, Joel shares his plans to broaden the expanding equity program to allocators and managers in the coming years. 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