Gleich: Foreign Boutiques Need Decades to Build US Distribution Networks
Kristof Gleich · Kristof Gleich – Boutique Managers and Active ETFs at Harbor Capital (EP.411) · Oct 10, 2024 · at 36:22
Kristof Gleich, President and CIO of Harbor Capital Advisors, discusses Harbor's value proposition and pitch when partnering with boutique investment managers.
0:00 / 0:37exact quote · 37.9s
720p mp4 · rendered on demand · StarZero watermark
“If you're a specialized boutique firm, it's going to be very difficult on your own to build the relationships with a network and a region as big as the US. And so if you're based in Copenhagen or in London or wherever really, It takes decades to build the network of connections, to have the right platform placements, to have enough people getting out there and getting your story out for you.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Kristof Gleich
Gleich predicts alternative investments will drive the next ETF growth chapter
“The next chapter of growth for the industry, I think is going to be alternatives. And I think we are in the early innings of that beginning to happen right now.”
Gleich: Active ETFs capture 30% to 40% of 2024 fund flows
“And so now if you look, we'll take this year, three quarters of the way through the year, approximately about 30 to 40% of all flows that are happening now are going into active ETFs. And if you look at the size of the universe, Active ETFs are only about five…”
Gleich: The perception that index equals passive investing is wrong today
“Well, I think this perception that exists that index equals passive is wrong today. It was maybe true 10 or 15 years ago, but the lines of our industry between index investing and passive and active are all blurring.”
Gleich: Fund managers claiming an unchanged 20-year process is unacceptable
“My biggest pet peeve in the industry is when a manager shows me a pitch book with an upside down triangle with an investment universe at the top and a portfolio at the bottom. I'm sure you've seen a thousand of them as well. And then they proudly claim that wh…”
Gleich: Success comes from mastering work and learning to love it
“I think much better advice is learn to love what you do and just become really good at it, and if you do that, I think you'll be much more successful, and so when I hear people give the advice of find something you love and go chase after it, I don't think tha…”