Tim Recker
17 statements across 1 episodes · 5 bullish · 3 bearish · 1 people on the record · first statement May 20, 2019 by Tim Recker · across every show →
On the record as a speaker too: Tim Recker's record, appearances and statements → this page counts the times other people say the name.
Everything said about Tim Recker, 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: 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 negative
May 20, 2019
UC Regents Required Buyouts to Offer Co-Investments or Hit 2.5x Net
“So we actually told our managers, if you cannot generate co-investment, there's not a role in the portfolio for you, unless you can, for buyout funds, unless you can generate a two and a half net fund returned to us. And so that's a pretty high bar. We general…”
May 20, 2019 neutral
Recker: GE Capital's $5B insurance portfolio used fewer than 15 managers
“So it was a five billion dollar insurance portfolio, property and casualty portfolio, and it was just the CIO and myself running five billion dollars. And for context, we only had 15 managers. I think, I can't remember the exact number, but less than 15 manage…”
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
May 20, 2019 positive
LPs Often Analyze Deals Better Than GPs Due to Cross-Firm Perspective
“What we found through that experience, and through just the engagement that we had with managers, generally speaking, we actually were bright more than the managers were in terms of our analysis. And I don't think it's a function that we were smarter or better…”
May 20, 2019 positive
May 20, 2019
May 20, 2019
Recker: Investment diligence should focus on disproving hypotheses rather than confirming them
“You really have to build your own hypothesis, and you have to push your diligence, and you have to constantly try to prove it wrong, and I think a lot of people try to basically prove themselves right, and I think we do the opposite.”
May 20, 2019 positive
Recker: LPs must evaluate underlying companies rather than putting managers on pedestals
“She really taught me to not to look Managers in terms of just their own track records, et cetera, but to really look at the underlying companies and that really form your own opinion and be sort of intellectually independent of the managers and don't view them…”
May 20, 2019 positive
May 20, 2019
May 20, 2019
May 20, 2019 negative
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…”