Mandate
topic on 1 show · 2 statements across 2 episodes
2 statements about Mandate, every show
Arndt: Asset Owners Learn Best From Peers, Not Flattering Fund Managers
“Fortunately or otherwise, when you're an asset owner, most people you speak to either work for you, and so it's always hard to know if they're really telling you what they think, or want a mandate off you. And so usually they agree with you wholeheartedly. I'm…”
Williamson: Benchmarks should serve as communication devices, not rigid constraints
“The thing with a benchmark is it's a communication tool, and there are times when managers don't perform or go way off of where they're supposed to be, way out of their mandate, and so there has to be a communication device, and the benchmark is that. Now, tha…”