asset management firms

“When firms sell, that's not an automatic red light, but it's close to it, because people who are hungry, who are Excited about being in the game, and they've recently made a stack of money, and now they're going to cruise.”

“There's 15 trillion dollars of enterprise value held in asset management firms. Compare that to the hundred trillion of AUM held institutionally, and you realize this is a massive migration of value from institutions to the managers that serve them.”

“The day to day sort of performance of somebody is, hey, do I enjoy the people I work with? Am I really valued? Am I trusted? Do I have an opportunity to grow and develop? Do I have an opportunity to recharge my batteries every once in a while?”

“There's now so few women at the top that they're all getting taken away from firms, right? Competitively. So it's an even bigger problem for people who've maybe even tried to do it.”

“So it's just no pension fund, no, no big asset management firm can suffer a 80% drawdown and live to tell that tale. Just not going to happen with their LPs.”

“Asset management firms in the alternative space that are using their institutional products. So not changing product structure, they're delivering the same product and outcome that they are to institutions into wealth management. And that's been growing at a v…”

“Most asset management firms, even very, very successful people, even big firms are structured as very small teams, sometimes just flat out individuals. There's a lot of lone wolf Culture.”

“I think there are some very conspicuous, visible actors running some of the largest asset management firms in the world that a few years ago Started to exalt and extol the virtues of ESG to an extent that even at the time, some of us could say, wait a minute, …”

“Probably most big asset management firm changes the way they pay people every three to five years.”