Capital Allocators · Monday, September 14, 2026
Laura Hill, CIO of Advocate Health, outlines their AI strategy with the tagline: 'We will use AI to augment human expertise, accelerate routine work, and improve decision quality while preserving human judgment, confidentiality, and accountability.' She stresses that AI should not be used for core decision-making, such as identifying investment bets, but can assist with formatting and data presentation.
“We will use AI to augment human expertise, accelerate routine work, and improve decision quality while preserving human judgment, confidentiality, and accountability.”
“I prompt the team a lot. How will we not use AI? A lot of allocators are quick to say, oh, it can draft an investment memo. What's the purpose of your investment memo? To me, the purpose of an investment memo is to sit down and make yourself think, what are the bets I'm taking? What would make this blow up? If we come back for a re-up in three or four years, what would make us pause? Or what could have gone wrong? I absolutely do not want AI doing that.”
“Let AI help you format it, or make it look pretty, or add some stats, but it shouldn't be answering that core question of what are the bets I'm taking.”