ICG Advisors

“Even if the results are good, if we're not comfortable with the way they mark their book, we just don't believe it, they're just basically faking it till they make it, and they do make it, so the results are good, there's a much less likely chance we're gonna …”

“JPMorgan wanted us to stay. They were great too. But we figured out that because they have this massive funds placement business, that business had conflicts with ICG. And when we figured it out, I went to the compliance people and I called our lawyers and sai…”

“When you have a hundred clients or 80 clients or a 150 clients, you can have a relationship with them. When you have 1500 or 15,000 or a 150,000 or whatever, you can't.”

“They tend to be smaller than larger. They're not managing Hundreds of billions of dollars generally. So we spend way more of our time looking at smaller firms than we do at larger firms.”

“And the pain, from our perspective, of them being right and us being gone is much more than the pain of six more months of it was mediocre.”

“Well, we haven't had long only investment grade fixed income in client portfolios for probably more than the last 10 years, maybe the last 10 or 15 years, and if we had it was really short duration, almost extended duration cash type stuff, but no traditional …”

“We don't know what our capacity limit is, and we imagine our capacity limit Is more likely to be hit by the number of clients than the amount of dollars.”

“Our private equity managers tend to be more sector focused specialists like healthcare guys, or finance markets, or biotechnology that gets really complex and really requires sector expertise, not a jack of all trades.”

“We're just now starting to really consider beginning to add some of that asset class back into portfolios and are pretty close to done with the work we're doing to identify the managers we'll use to put that in place for some of our clients where it's an appro…”