Will Cook
person on 1 show · 7 statements across 1 episodes
On the record as a speaker too: Will Cook across every show, appearances and statements → this page counts the times other people say the name.
7 statements about Will Cook, every show
Cook: Sunriver offers sliding-scale management fees and loyalty incentive cuts
“So we have a sliding scale management fee, which disincentivizes us to be asset gatherers and keeps us focused on performance. We also have a incentive fee that gets better with time. So the longer you're an investor with us, the better your incentive fee gets…”
Cook: Sunriver faces short-side liquidity constraints above $1.5 billion in AUM
“What we have said is that we probably start to have some liquidity issues on, particularly on a couple of our shorts at around one and a half billion in AUM to stay in our sandbox and generate the kind of returns that we think We can and should generate for LP…”
Cook: Sunriver Management averages net market exposure in the low 40s
“We're roughly on average, low forties, 40% net.”
Cook: Sunriver holds about 20 concentrated longs and 35 shorts
“One is just purely from a concentration perspective that we are much more comfortable being concentrated on the long side than the short side. We have about 20 longs. Typically, top 10 longs are 60 to 70% of capital. Short side is less than half as concentrate…”
Cook: Sunriver shifted portfolio median market cap from $20B to $5B
“We have intentionally moved down market cap into less well-followed stocks. So our median market cap many years ago Was roughly twenty billion today. It tends to hover more around five billion.”
Cook: Sunriver reviews portfolio losers annually to distinguish process from outcome errors
“At the end of every year, I go through all the big losers in the portfolio, and I try to separate process and outcome as best as I can, and really try and talk to each of the analysts about what I think are process mistakes as distinct from outcome mistakes.”