Concentrated Managers
topic on 1 show · 3 statements across 3 episodes
3 statements about Concentrated Managers, every show
Jenkins: Concentrated liquid managers induce poor investor behavior via volatility
“Concentrated managers works against that because they do tend to have much bigger swings in performance, and it can lead to really bad investor behavior if it's a liquid manager.”
Druley: Cambridge favors concentrated managers because it can diversify idiosyncratic risk
“Tend to many cases to have a bias towards concentrated high conviction managers. We can diversify out their idiosyncratic risk, and we've had great success in identifying those managers”
Kochard: Manager volatility matters most when it poses existential business risk
“With that said, what could be a problem is if the manager themselves, the volatility that they're experiencing, does that cause their business to suffer? And so there's, it's an existential threat to the organization. So, so It could very be right that if you …”