Alan Forman

8 statements across 1 episodes · 3 bullish · 2 bearish · 1 people on the record · first statement Sep 25, 2023 by Alan Forman · across every show →

On the record as a speaker too: Alan Forman's record, appearances and statements → this page counts the times other people say the name.

Everything said about Alan Forman, oldest first

Sep 25, 2023 neutral
What-if
Forman: Rapid endowment growth prevented Yale from reaching private asset targets
“So it probably would have been fully built out sooner had the endowment not grown as much, but it was growing so fast that we were always trying to project where we needed to be and we would never get there. And that was true in all private asset classes.”
Alan Forman Sep 25, 2023 ▶ 33:21 Alan Forman – Yale Endowment Real Estate (EP.340)
Sep 25, 2023 negative
Insight
Yale's biggest mistake was giving too much leeway to manager strategy drift
“I think the biggest mistake I made at Yale over the years was managers that had some strategy drift in their portfolio, and because they had done very well in a different strategy, we gave them a little bit of too much of the benefit of the doubt, and I wish w…”
Alan Forman Sep 25, 2023 ▶ 54:28 Alan Forman – Yale Endowment Real Estate (EP.340)
Sep 25, 2023
Insight
LPs have a limited window to become a new manager's primary advisor
“When we back at an early stage manager, there's a window where you need to be the person that they call when they have an issue. And that window doesn't stay open forever. And you need to take advantage of that window so that when they're 20 years later, you'r…”
Alan Forman Sep 25, 2023 ▶ 23:38 Alan Forman – Yale Endowment Real Estate (EP.340)
Sep 25, 2023 positive
Disclosure
Forman: Yale real estate program invested exclusively in equity
“So essentially, Yale has always just been an equity investor. Unless it's an opportunistic thing within an equity structure, we tended to only invest in the equity, and we only wanted the inflation protection.”
Alan Forman Sep 25, 2023 ▶ 41:11 Alan Forman – Yale Endowment Real Estate (EP.340)
Sep 25, 2023 positive
Disclosure
Forman: Yale structured real estate partnerships around GP co-invest and overhead-only fees
“Well, we're very focused on alignment of interests. So whether it's having a meaningful co-invest, whether it's fees that cover overhead, and hopefully are in a huge profit center, there's one pool of assets. So we're all in it together for better or for worse…”
Alan Forman Sep 25, 2023 ▶ 31:40 Alan Forman – Yale Endowment Real Estate (EP.340)
Sep 25, 2023 neutral
Insight
The best way to decline fund managers is citing unchangeable structural constraints
“One thing I learned from David was there are certain things that managers can't respond to in a way that would change the outcome, and if you could come up with examples where there's nothing they can do about what their structure is, then you have an easy way…”
Alan Forman Sep 25, 2023 ▶ 18:01 Alan Forman – Yale Endowment Real Estate (EP.340)
Sep 25, 2023 positive
Disclosure
Forman returned every phone call because top early talent lacked marketing polish
“The one thing I always did, I took every call. My pride at the end of the day was I returned every phone call, usually before I went home that night. I always felt I really like this business, so I like talking to a lot of people, but I just felt like you neve…”
Alan Forman Sep 25, 2023 ▶ 15:31 Alan Forman – Yale Endowment Real Estate (EP.340)
Sep 25, 2023 negative
Disclosure
Forman: Yale completely avoided emerging market real estate investments
“One of the smartest things we didn't do is we didn't do any emerging market real estate, and we actually didn't spend any time even looking at it.”
Alan Forman Sep 25, 2023 ▶ 40:05 Alan Forman – Yale Endowment Real Estate (EP.340)
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