Greg Dowling
CIO & Head of Research, FEG. On 1 show, 3 appearances. The Shows tab opens the full record on each.
investorexecutivehostacademicanalystfeg.com ↗
Dowling leads the research platform and chairs the Investment Committee at FEG Investment Advisors, overseeing manager evaluation, portfolio strategy, and asset allocation for institutional clients. He also hosts the firm's podcast, The FEG Insight Bridge, and teaches graduate courses on risk management and alternative investments at the University of Cincinnati.
1shows
3appearances
23statements
2resolved
2supported
0contradicted
100%fully supported
3said about them ↓ Everything Greg Dowling said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Dowling: Inexperienced crossover investors are moving into earlier venture stages
“The other issue is that because everybody's focused on the late stage area, which has become very pricey, they're moving down, down rounds into lower and lower levels that they've never played in before. Some have, some of the bigger ones have, but some of the…”
Dowling: Conservative multi-strategy hedge funds can serve as fixed income proxies
“So we've even said for some investors, maybe you think about having some of the more conservative multi-strat hedge fund managers and think about it as a fixed income proxy.”
Dowling: Very few mid-market institutional consulting firms remain
“Well, there's not a lot of us left.”
Dowling: Aging founders and asset-light models drive consulting consolidation
“Now, fast forward to the last decade or so, these people that started in their thirties and forties, you know, they're 60 and 70 years old, and they need a liquidity event, and even if they've passed down the partnership and expanded it, it's still hard for ju…”
Dowling: Smaller endowments have the edge investing in emerging managers
“They can invest in smaller managers, emerging managers. That's harder to do with a giant consulting firm”
Dowling: Institutional clients claim long-term horizons until quarterly losses occur
“Everybody says they're long-term until there's losses, and then you're like, whoa, we're down 10% in a quarter.”
Dowling: Quantitative manager metrics explain the past, not future performance
“Some are very, very quantitative, and we're quantitative too, but we would tell you that That explains how they did in the past. It may or may not explain how they do in the future, right? It's all backwards looking. And teams change and people change.”
Dowling: Due diligence should evaluate cultural alignment with strategy, not idealized culture
“The first thing I'd say is there's no one culture, and we're not looking for the exact same culture. We are just looking for a culture that is appropriate for the strategy and how they're set up.”
Dowling: Allocators should conduct virtual due diligence individually to read dynamics
“Do calls individually. It's really difficult to do a group Zoom or Teams call in terms of due diligence because you might have people talking over each other. You can't pick up on individual Brady Bunch boxes that when the senior PM talks, the number two rolls…”
Dowling: Allocator due diligence will permanently shift to hybrid virtual-in-person models
“You ask, where is it going? I think it's going to be a little bit of both. I think our meetings will be more meaningful, and that instead of doing a marathon all day meeting on site where we're exhausted and they're exhausted, or flying to Hong Kong and our ey…”
Dowling: Lower Middle Market PE Will Beat Public Equities
“You can pretty consistently make good returns, but I would say that these are lower returns than you got in the previous 10 years with private equity, but they're going to be a lot better than the returns in the public equity market.”
Dowling: Leave venture allocations unfilled if lacking access to premier managers
“It is a access class, not just an asset class, and so that means you may not be able to do as much venture. There's still great venture companies out there. It's the new breed, the people that leave the larger firms and start up and do great at a smaller size,…”
Dowling: Good multi-strat hedge funds can earn 6% to 7% in 2022
“I think a good multi-strat manager can earn six or seven percent, and that's nowhere near what it returned in the nineties, early 2000, but that might be pretty good this year.”
Dowling: Niche investments often carry hidden macro and GDP risks
“A lot of times I think that you have to be careful about is even though it's weird, It has a risk factor, and sometimes that risk factor is GDP, the economy. So you're like, oh, and this is really interesting. Aircraft securitizations, and like, well... Someti…”
Dowling: FEG usually passes on co-investments charging management fee and carry
“We pass most times when there's a management fee and a carry, because then it's just a fund of one idea, and that's not great.”
Dowling: Fewer people will pick stocks as AI replaces financial analyst work
“And there will be people that do that. There will just be less, because some of that analyst work is going to be replaced by artificial intelligence.”
Dowling: Allocators need a diversified real asset basket against inflation
“You need to make sure you have real assets and you probably should have a Diversified basket of real assets because inflation's weird. It reacts very differently to both expected and unexpected. There's no silver bullet.”
Dowling: Institutional investment consulting is a transient industry
“It's a pretty transient industry.”
Dowling: Billion-dollar institutions are now outsourcing via OCIO
“What's changed is the size of the institution that are outsourcing. It's pretty incredible. You have, you know, billion dollar institutions that are outsourcing.”
Dowling: Hedge Fund Sourcing Centers on Prime Broker Relationships
“And with hedge funds, the ecosystem revolves really around prime brokers. If you're a hedge fund, you need a prime broker. So instead of having to go out and talk to 9000 hedge funds, we can start by talking to the prime brokers and ask them who's launching in…”
Dowling: US has 30x more private $10M+ revenue companies than public ones
“There are 30 plus more companies on the private side with revenues over ten million dollars than the U.S. Public market.”
Dowling: Effective investment committees require a strong chair to align members
“They have very different personalities, and by changing one or two people, it can be night and day, and so a lesson is make sure you have good governance, make sure you have a really strong IC chair, make sure everybody's rolling in the same direction. If not,…”
The other half of the tape: Greg Dowling's own voice is left out of every number here. Other people bring the name up 3 times in 2 episodes across the shows. every mention, with the transcript →
Who brings them up most Ted Seides 3
Every mention by year
tap a year for its mentions
Capital Allocators 3
2024 2 mentions in 1 episode
2022 1 mention in 1 episode
One line per show, most statements first. The link opens Greg's full record on that show: the calibration, argument clarity, speaking style and every statement made there.
| Show | Role there | Eps | Statements | Record | |
|---|---|---|---|---|---|
| CAPITAL ALLOCATORSLEDGER | CIO & Head of Research, FEG | 3 | 23 | 100% 2/2 | full record on Capital Allocators → |