Public Equity Managers

“And so we truly try and take, you know, a five to 10 year horizon with each of those managers. We think of business cycle of seven to eight years, and some of those managers need the full business cycle to make sure their strategy works.”

“It's very predictive on the bottom half. The managers that are drifting down towards the bottom tend to continue underperforming. So it allows us to say, cut the universe in half.”