Kresge Foundation sets minimum 1% portfolio sizing for manager commitments
Donna Snider · Donna Snider – Inside the Investment Process at the Kresge Foundation (Capital Allocators, EP.84) · Jan 28, 2019 · at 26:04
Donna Snider discusses position sizing at the Kresge Foundation and the decision rules applied to public and private manager commitments.
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“And we always kind of start with one percent. It's got to be a one percent position. For private funds, sometimes that's one percent over a couple funds, but for public funds where you can get out quickly if things aren't going well, You kind of got to start at one percent. Like, the concept of just getting in five million dollars for an almost four billion dollar portfolio, it just doesn't make sense, right?”
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