Thome: WARF reduced hedge fund exposure due to unfavorable fee-to-risk ratios
Carrie Thome · Carrie Thome – Nothing Ventured, Nothing Gained at WARF and beyond (Capital Allocators, EP.160) · Oct 19, 2020 · at 35:07
Carrie Thome, former Chief Investment Officer of the Wisconsin Alumni Research Foundation (WARF), discusses the evolution of their active alpha portfolio.
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“When I left, we were in the process of hedge funds, as you know, really were struggling. We were at the process of ratcheting down that exposure and instead building the cash back up because we just didn't see if there was the opportunity for the risk we were taking and the fees we were paying.”
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