Heller: Unscalable operational friction and bespoke structuring create niche investing's moat
Chris Heller · Chris Heller - Ten Years of Weird Alternatives (EP.420) · Dec 2, 2024 · at 46:13
Chris Heller, co-founder of Cordillera Investment Partners, explains why niche alternative asset strategies resist scaling and why that difficulty protects against competitors.
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“Our business is not super scalable. By definition, if we've got twenty billion dollars in a fund, we're not doing niche things anymore. And so there are lots of things and struggles that keep people away. But in that struggle and in the fact that it's hard and every day we come in is the moat.”
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