HighVista Strategies
10 statements across 2 episodes · 5 bullish · 2 bearish · 2 people on the record · first statement Apr 13, 2017 by Andre Perold · said 18 times in 3 episodes since 2017 · across every show →
Mentions by year
brought up most by Ted Seides (17), André Perold (1)
tap a year for its mentions
2024 1 mention in 1 episode
2020 10 mentions in 1 episode
2017 7 mentions in 1 episode
Everything said about HighVista Strategies, oldest first
Apr 13, 2017 positive
Perold: Permanent capital fundamentally changes what Warren Buffett can do
“Warren Buffett has the absolutely wonderful benefit that he has permanent capital, and it completely changes what he can do because he has permanent capital than any other investor can do who does not have permanent capital.”
Apr 13, 2017 negative
Perold: Generating high alpha for low management fees is a complete misnomer
“For the kinds of skill we're looking for, you need talent, and talent is expensive, so the idea that you can generate high alpha for low fees, I think, is a complete misnomer. Very hard to do... But when you find true talent, you gotta pay them, and I think yo…”
Apr 13, 2017
HighVista Strategy: Hunt Niche Alpha First, Then Passively True Up Market Exposures
“Our view is look for the opportunities where they are, and then true up the exposures you get so that your overall exposures make sense. So how much U.S. Equity exposure am I getting by virtue of these terrific opportunities, and if it's less than I would like…”
Apr 13, 2017
Apr 13, 2017 positive
Dec 21, 2020 negative
André Perold: Public markets struggle to price three-to-five-year horizons
“The markets are focused on this quarter, next quarter. They don't look out five years. The markets have a great problem looking out five years for some reason. Three to five years is very difficult for people to want to bet on. And they'd like to see near term…”
Dec 21, 2020 bullish
Dec 21, 2020
Perold: March 2020 dislocation dumped AAA munis from 140 to 80s
“A great example was in March. When the market, it was a massive dislocation. You had mutual funds being redeemed. They were dumping AAA bonds, especially AAA munis were being dumped at crazy prices. AAA bonds that were trading at 140 were selling in the eighti…”
Dec 21, 2020 bullish
André Perold: Concentrated active management will always have a place
“So there is absolutely a sense of time arbitrage in the markets. I think you see it in all markets. And as long as that's the case, I think longer dated, concentrated active management will always have a place. I don't see it going, even in the largest cap sto…”
Dec 21, 2020 positive
Perold: Allocators should focus on the opportunity set, not the manager
“And in fact, change the unit of analysis from the manager to the opportunity set. And so if we discover that a certain market is inefficient, let's say it's European micro caps or something. That's the inefficiency. We should focus on that as the unit of analy…”