New OCIO fired 29 of 30 incumbent managers on Broadway plan
Chris Brockmeyer · Chris Brockmeyer – On Broadway (Capital Allocators, EP.47) · Apr 9, 2018 · at 51:49
Chris Brockmeyer of the Broadway League discusses manager turnover after hiring an outsourced chief investment officer without prior Taft-Hartley experience.
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“When we went to an OCIO that had not had any Taft-Hartley experience before, the termination of existing managers and replacement was astonishing. I think there was maybe one manager out of 30 that they kept. Of the existing group.”
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