Allocators must leverage their size instead of copying David Swensen
Kip McDaniel · Kip McDaniel – CIO Whisperer (Capital Allocators, EP.20) · Aug 7, 2017 · at 48:50
Kip McDaniel warns allocators against blindly copying Yale CIO David Swensen's model instead of negotiating tailored mandates.
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“Underlying that all is the people who are going to be successful going back are the people who, Are actually thinking long-term, are actually trying to use their size to almost bully the asset manager into giving them what they want, a true solution. Those are the people who's going to be successful, and not the people who just try to emulate a David Swenson, because that, even David Swenson would say, that's, you're going to get shot in the foot at some point trying that.”
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