DeSouza Family Holdings

Abstract

As CIO of DeSouza Family Holdings, Caroline Erickson managed the family's investment portfolio—a collection of real estate properties, hotels, several small grocery stores, stocks/bonds, and alternative assets. Erickson facilitated quarterly meetings to brief family members on the portfolio. She also reserved time during these meetings for family members to present new investment opportunities. During the July 2020 family meeting, two siblings shared real estate investment proposals. After hearing the details associated with each deal, Erickson was left to consider the two investments on the basis of their risk and expected returns.

Excerpt

Aug. 16, 2022

DeSouza Family Holdings

DeSouza Family Holdings

Caroline Erickson was the chief investment officer of DeSouza Family Holdings. In this role, she oversaw an institutional-scale investment portfolio for the New York–based DeSouza family.

The DeSouza family's business empire dated back to 1888 when Giuseppe DeSouza immigrated to New York City and opened a butcher shop in what would later become known as the “meatpacking district” of Manhattan. With unique flair and deep expertise in meats and poultries, DeSouza built a reputation as one of the finest purveyors in the city. Over the coming decades, his business grew substantially. With its profits, the family acquired numerous real estate holdings and other operating businesses throughout New York and across the mid-Atlantic region.

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Keywords: expected value, risk, investment, real estate, decision analysis, uncertainty