Larry Kochard
15 statements across 2 episodes · 3 bullish · 1 bearish · 1 people on the record · first statement Jun 12, 2017 by Larry Kochard · said 4 times in 4 episodes since 2017 · across every show →
On the record as a speaker too: Larry Kochard's record, appearances and statements → this page counts the times other people say the name.
Mentions by year
brought up most by Ted Seides (1), Muthu Muthiah (1), Hayden Brain (1), Bruce MacDonald (1)
tap a year for its mentions
2026 1 mention in 1 episode
2023 1 mention in 1 episode
2022 1 mention in 1 episode
2017 1 mention in 1 episode
Everything said about Larry Kochard, oldest first
Jun 12, 2017 neutral
Jun 12, 2017
Jun 12, 2017
Jun 12, 2017 neutral
Kochard: UVIMCO holds 8% to 12% in cash, contrarian to Yale
“You know, we've been running, I try to run between eight and 12% in cash and low duration treasuries, and it's been closer to the high end of that range. It's now kind of in the middle of the range, but that's still, you know, higher than what Yale and some of…”
Jun 12, 2017 neutral
Kochard: Manager underperformance is usually driven by operational or behavioral issues
“There's usually a correlation between bad performance And something else going awry. And so that's where it becomes a little more difficult in practice. There could be a situation where just bad luck that that concentrated portfolio produces a sort of an outli…”
Jun 12, 2017
Kochard: Endowment sweet spot is $4B-$5B to $15B-$20B in assets
“Partnering with great, extraordinary managers, which I would say at our size of right now, eight and a half billion dollars, we're at a sweet spot. And I don't know exactly where that sweet spot is, but it's probably four or five billion up to, you know, 15 to…”
Jun 12, 2017
Jun 12, 2017 neutral
Jun 12, 2017 neutral
Kochard: Institutional managers face strict underperformance thresholds to keep their seats
“If you're managing someone else's money, you have to at least have an understanding that there's probably some either absolute loss or relative loss that you can't go beyond and really continue to sit in that seat.”
Jun 12, 2017
Kochard: Mega pension funds are too large for capacity-constrained active managers
“In the instance of VRS, and you certainly see this a lot with some of the large public Canadian funds and other funds that have very big pools of capital to deploy, They can't be as active, meaning taking the type of tracking error that we take, hiring very co…”
Jun 12, 2017 positive
Kochard: Private partnerships ensure active crisis management through personal capital risk
“Goldman Sachs was still a partnership, and you saw what happened was that day, and partners at Goldman Sachs were always extremely hands-on, very talented, but you could see it firsthand where the senior people got on the desk and were actually actively involv…”
Jun 12, 2017 neutral
Kochard: Manager volatility matters most when it poses existential business risk
“With that said, what could be a problem is if the manager themselves, the volatility that they're experiencing, does that cause their business to suffer? And so there's, it's an existential threat to the organization. So, so It could very be right that if you …”
May 16, 2022 bearish
Larry Kochard has moved Makena away from quantitative investment managers
“So I've increasingly, even though I have an appreciation for quantitative risk management, really have moved away from quantitative managers. Don't overly rely on quantitative risk management. Use those as tools, but they're more tools, but really try to overl…”
May 16, 2022 positive
Public market managers transition to private investing better than vice versa
“Oftentimes, I found that it's public managers that, you know, have invested publicly, that do the fundamental work, can really understand these companies, get to know management teams, that can develop the skill set of investing in private companies, as oppose…”