Victoria Tellez - FCLTGlobal

Director, Research

Victoria Tellez

Victoria Tellez re-joined FCLTGlobal in 2023 following her time at the TPG Rise Fund, where she helped maximize impact for the world’s largest private equity impact investing platform. In this role, Victoria conducted impact and ESG assessments to inform capital allocation decisions in education, life sciences, healthcare, financial inclusion, and climate sectors.

Prior to TPG, Victoria was part of the FCLTGlobal team for four years as a Senior Research Associate and is thrilled to continue contributing to its mission as Associate Director.

Victoria holds a B.S. in Labor Relations from Cornell University and a M.Sc. in Social Policy from The University of Pennsylvania, where she was the singular recipient of the Wilson-Spigner Social Policy Excellence award.

Back to Our Team

Resources by Victoria Tellez

Investor-Corporate Engagement | Article

The Strategic Blind Spots Attracting Shareholder Activists

By Victoria Tellez

28 July 2026 - What a record year of shareholder activism reveals about the companies that get targeted — and the ones that don’t

Investor-Corporate Engagement | Article

AI Is Rewriting the Playbook for Investor–Company Engagement

By Victoria Tellez

9 July 2026 - Companies are rethinking how they communicate, investors are sharpening the tools they use to engage, and the sell-side is redefining what it offers. Here is what is already changing.

Governance | In the News

Letter: A governance lever that goes largely unused

By Victoria Tellez

16 June 2026 - A chair with real “skin in the game” will make better long-term decisions than a combined chief executive/chair without it.

Governance | Article

Governing Through Geopolitical Disruption: Now What?

By Victoria Tellez

8 June 2026 - These practical steps are leading investors and companies through geopolitical disruption

Governance | Article

UK Board Members Now Can Be Owners Too

By Victoria Tellez

11 May 2026 - The UK recently (Nov 5, 2025) revisited one of the norms that has long limited board-level equity ownership. Updated guidance from the Financial Reporting Council now clarifies that share-based remuneration for non-executive directors can be appropriate where it supports long-term alignment, provided independence is preserved, and conflicts are carefully managed. It is a subtle but meaningful shift, and it arrives at exactly the right moment. New research from FCLTGlobal, conducted in collaboration with MSCI Institute, gives boards and investors a compelling reason to pay attention.

Governance | Report

Holding the Long View: Board Equity Ownership and Its Impact on Corporate Performance

By Victoria Tellez

13 April 2026 - This research, conducted in collaboration with MSCI Institute and leveraging data from MSCI Solutions, examines how director equity ownership shapes long-term outcomes across more than 2,100 global public companies. The findings are clear and consistent across markets: when directors — particularly independent directors — hold meaningful, sustained equity stakes, companies deliver stronger long-term performance.

Investor Risk and Responsibilities | Article

A New Operating System in the Age of Activism

By Victoria Tellez

3 February 2026 - In 2025, activists launched a record 255 global campaigns, topping the prior peak from 2018 and rising about 5 percent year over year. Q3 alone set a quarterly record with 61 campaigns. For corporate boards, scrutiny is intensifying, expectations are rising, and both strong balance sheets and weak governance can attract attention from activists.

Governance | Article

CEO Tenure is More Important than the CEO-Chair Debate

By Victoria Tellez

28 January 2026 - In governance circles, few topics generate more debate than whether the CEO should also serve as board chair. Regulators in some markets have taken firm positions, and activists often argue that separation between the two roles is a universal best practice.

Investor Risk and Responsibilities | Article

Managing Geopolitical Change is Now a Core Investment Skill

By Joel Paula, CAIA, Victoria Tellez

25 November 2025 - Which is worse: missing a major disruption that creates a new long-term equilibrium, or overreacting to a temporary event that soon reverts to prior conditions? Long-term investors dislike feeling exposed, underprepared, or unaware of potential risks. Fortunately, there are steps they can take to prepare their organizations for geopolitical turbulence.

Governance | Report

The Board Playbook: Winning Strategies for Long-Term Value Creation

By Victoria Tellez, Matthew Leatherman

19 May 2025 - Companies — both public and private — strive to build boards that are instrumental in creating long-term value. But boards often feel they must follow somebody else's playbook. As companies grow, especially when they transition from private to public markets, they encounter a set of norms that governance experts expect them to follow. While some of these norms are listing requirements or laws that companies must follow, many are simply conventions rather than mandates.

Quarterly Earnings Guidance | Article

“Gold Standard” Companies Have Ditched Quarterly Guidance, You Should Too

By Victoria Tellez, Katie Barber

15 April 2025 - In today’s climate of economic volatility and heightened scrutiny of short-term thinking, an increasing number of high-performing companies—especially those considered “gold standard” firms—do not provide quarterly earnings guidance. It’s a move that’s quickly becoming the new norm, as CEOs and investors alike acknowledge the futility of forecasting in an unpredictable environment.

Governance | Article

Empowering Long-Term Investment: Key Takeaways from IFSWF’s 2024 Governance Workshop

By Victoria Tellez

15 July 2024 - On 25 June 2024, FCLTGlobal joined the International Forum of Sovereign Wealth Funds’ (IFSWF) Governance Workshop in London to lead a two-part discussion on avoiding short-term pressures and fostering a long-term investment ecosystem centered on meeting their citizens’ needs.

Stakeholder Capitalism | Article

The Long-term Payoff of Employee Ownership

By Victoria Tellez

28 June 2024 - Despite short-term costs, employee ownership has the potential to create long-term value by improving firm performance and increasing buy-in.

Governance, Incentive Alignment, Institutional Investment Mandates | Article

FCLTGlobal Joined the Pacific Pension Institute to Discuss the Long-Term Investment Ecosystem

By Victoria Tellez

22 May 2024 - On 15 May 2024, FCLTGlobal joined the Pacific Pension Institute at its “PPI in Residence” salon in New York City to lead a discussion on overcoming short-term pressures and meeting savers’ needs.

Article

Diversifying demographics of assets under management

By Victoria Tellez, Jessica Pollock

1 February 2024 - New analysis reveals that the 25 most common male names globally are associated with overseeing more than 11 times the assets under management compared to their female counterparts.

Predicting Success

Metrics | Report

Predicting Long-Term Success for Corporations and Investors Worldwide

By Allen He, CFA, FRM, Victoria Tellez, Steve Boxer, Bhakti Mirchandani, Evan Horowitz

29 September 2019 - The research is piling up. Companies that aim for long-term success tend to find it, while those who reach for short-term gains end up with lower corporate profits, reduced shareholder returns, and more limited job creation.