James Irvine Foundation
also referred to as: the james irvine foundation
26 statements across 2 episodes · 9 bullish · 8 bearish · 1 people on the record · first statement May 20, 2019 by Tim Recker · said 19 times in 3 episodes since 2019 · across every show →
Mentions by year
brought up most by Tim Recker (8), Ted Seides (8), Satya Patel (2), Kimberly Sargent (1)
tap a year for its mentions
2023 1 mention in 1 episode
2021 4 mentions in 1 episode
Everything said about James Irvine Foundation, oldest first
May 20, 2019
Allocators Retaining Underperforming Managers Should Double Down Rather Than Maintain
“My view is, is if you're going to stay in, you don't just stay in, you double down. So if you've done the work and you've Agree to stay in and they're underperforming, then you got to add more money, because that means you have the conviction.”
May 20, 2019 negative
Recker: Irvine avoids co-investments due to operational and resource complexity
“That would suggest you should go do that here, but we're not, and it's a function of the complexity that it brings. We're not set up structurally from a resourcing point of view. We're not set up from an operational point of view, from a tax point of view. We'…”
May 20, 2019 negative
Recker: Knock-On Crisis Contagion Can Damage High-Quality Liquid Asset Prices
“I'm very worried about the knock-on effects on things where, just like we felt in the last crisis, where just because something was a high-quality asset that was liquid, the price was more damaged than we anticipated. That could affect some of our assumptions.”
May 20, 2019
Recker: James Irvine Foundation targets four broad asset categories
“So we only have four asset classes. Three of them are 30%, and one's 10. So fixed income is 10, even though we're actually sitting lower than that. And then we have public equities, we have private investments, and we have, we call it multi-strategy.”
May 20, 2019 negative
Recker: Traditional asset class categorization has questionable value for portfolio management
“The asset class just gives you a sense for what you own, but I would argue going forward, I actually question how valuable the asset classes really are. If you have a Great implementation is just really thinking about it as one portfolio, and just understandin…”
May 20, 2019 negative
May 20, 2019 negative
May 20, 2019 negative
Recker: Active managers holding 50 stocks are not high conviction
“We generally like managers that are 10 to 15 stock managers. So, if I'm gonna pay you a fee, pick, don't just be a closet benchmarker. So, it's funny when I meet some managers and they tell me, oh, we're high conviction, we have 50 stocks. I'm like, yeah, that…”
May 20, 2019 positive
Recker: Irvine backed a quant fund where machines generate algorithms
“We have, I'll say, dipped our toe with one. I would like to not talk to who it is, but they actually are using machine learning where the machines actually build the algorithms versus most quants, the people build the algorithms, and a lot of times you just ge…”
May 20, 2019 positive
Recker: Irvine Foundation holds over 10% of total assets in China
“We've got a major overweight to emerging markets and particularly China, and we're actually debating what's the right allocation for China, et cetera. Right now it's a little over 10% of the entity. It's an important component of our public equities. We're abo…”
May 20, 2019 positive
Recker: Irvine uses a 'majors and minors' model for team diligence
“I call it majors and minors. Each of my three directors take on a risk category between publics, privates, and hedge funds, and that's their domain background, but they, all decisions are made across the entire team. All diligence for a new manager is actually…”
May 20, 2019 bullish
May 20, 2019
May 20, 2019 bearish
Recker: Irvine avoids global macro hedge funds due to market-timing skepticism
“So we have biases against certain hedge funds. So we don't like global macro. We think very few people possess the ability to pick market cycles, et cetera. So we just don't do very much of it. And we don't think we possess that skill.”
May 20, 2019 positive
May 20, 2019
May 20, 2019 bullish
May 20, 2019 bearish
May 20, 2019 positive
May 20, 2019 positive
Recker: Evaluating public equity managers requires a full 7-8 year cycle
“And so we truly try and take, you know, a five to 10 year horizon with each of those managers. We think of business cycle of seven to eight years, and some of those managers need the full business cycle to make sure their strategy works.”
May 20, 2019 neutral
Recker: James Irvine Foundation is running light on portfolio liquidity
“We are pretty light on liquidity relative to probably where we should be because the opportunity cost has been so high, but we're actually having a conversation in October with our investment committee around that to really hone in on like what we think about …”
May 20, 2019
May 20, 2019 neutral
Recker: Time window to capture market dislocation opportunities is shrinking
“I believe during financial crises or sort of period of dislocation, those opportunities exist, and they're outsized opportunities, but the speed at which you have to act to take advantage of them is important, and that time to react is shrinking, and it's been…”
May 20, 2019 neutral
Nov 4, 2021 neutral
Nov 4, 2021 positive
Recker: Screen Door is non-concessionary capital targeting top venture returns
“What we really liked about it is that this was not concessionary capital, that when they came to us with this idea, it was really around creating more opportunity for people, but really around people that can and will deliver great results, and they just need …”