Muthu Muthiah
8 statements across 1 episodes · 2 bullish · 1 bearish · 1 people on the record · first statement Sep 18, 2023 by Muthu Muthiah · across every show →
On the record as a speaker too: Muthu Muthiah's record, appearances and statements → this page counts the times other people say the name.
Everything said about Muthu Muthiah, oldest first
Sep 18, 2023 negative
Muthiah: OCIO fear of client turnover leads to under-risked portfolios
“How much portfolio vol can you take before clients start to head for the door? And I think that balance was very much at the forefront. What is the appropriate amount? It can play out in taking less risk than you're supposed to be taking.”
Sep 18, 2023
Muthiah targets 0.7 portfolio beta, assuming 1.4 beta for private markets
“It gives us the equity beta target of .7, and we allocate that across managers and try to manage it to the .7. Within public and liquid realms, we look at actual beta, and then within private realm, we look at an assumed beta. And we think about assume beta in…”
Sep 18, 2023 positive
Muthiah: Manager culture is revealed when teams obsess over portfolios at dinner
“Debate is critical to be able to get to the right decisions. That implies more collaboration amongst team members. And then I also think culture feels like what people talk about. And when you spend time with people and they're talking about investments, even …”
Sep 18, 2023
Muthiah identifies five distinct forms of edge in private market investing
“When we're looking at managers, it feels like we're looking for managers with edge at the end of the day, and if you were to broadly say that you have behavioral edge, analytical edge, relationship edge, information edge, and execution edge, all of those exist…”
Sep 18, 2023 positive
Muthiah: Removing asset silos forces allocators to rethink what to own
“If you take away the specific asset class buckets, which all own equity on the equity side of things, but they have different reporting frequencies, valuation methodologies, you're changing the question you ask. So if you think in buckets, it feels like you're…”
Sep 18, 2023 neutral
Sep 18, 2023
CHOA targets 40% private investments, 30% public equities, and 30% defensive assets
“We generally target about a 50 basis point allocation per fund to venture managers, usually about a one percent allocation per fund for private equity managers, and a three to five percent allocation for more liquid managers, and then adjust those as time goes…”
Sep 18, 2023 neutral
Muthiah caps CHOA's annual illiquid commitments at six percent of AUM
“About 20% was what we were comfortable with in terms of leverage, which if you think about the ratio of unfunded to NAV results in about a 40% illiquid investment. And then on a yearly basis, we try to commit no more than six percent of the AUM to illiquids, s…”