Trinity Wall Street

“They ultimately put together 11 of their core commercial buildings, and Put it into a joint venture, sold 48%, 48% stake to Norges and one percent stake to Heinz to come in and manage it on a day to day basis. And so that produced about 1.7 billion for the por…”

“So if you take into account the real estate, we still have two thirds of our exposure.”

“For what we'll do in hedge funds, I hope, we're looking for high single digits. Net, actually. High single digits net, so somewhere low double digits gross.”

“This manager specifically was very open about sharing his whole portfolio to the extent that he would just, he still does, sends his entire portfolio in an Excel file to me monthly because he doesn't have any concerns about what we would do with that informati…”

“Generally, once you're already in that period of underperformance, that drawdown, certainly things can get a lot worse, but if you can limit some of the left tails, you probably experience most of the pain.”

“I spent about six years getting to know him. I enjoyed all the conversations, and over that period, his returns were extraordinary.”

“This fund has made money since inception shorting in their 11th year.”

“Our first line of defense was let's know what we own and let's really know who we partner with. That skewed us towards fundamental managers. We certainly have diversifiers that have different approaches in some quantitative and systematic strategies, but by an…”

“We do discuss and say that privates are not essential. Meaning we should choose to have them because of the return we believe they will deliver over time. And that return needs to be in excess of what's offered in public markets.”

“The thing you definitely want to check is people in our seat making too many top-down calls, because we do not have the tools to do that, nor are we experts in those spaces.”

“At Trinity, we have internal discretion. We started with working with our board on every decision. The goal there was to make sure they understood what we did and what we're doing to have real support. Over time, the first thing that Was passed on to not need …”

“Everybody wants the best managers, but more than half of the role And sitting at an institution and investing its capital is being a portfolio manager, is optimizing the team you have, And working every day to make sure your money-weighted return is better tha…”