Steve Drobny, founder of Clocktower Group, describes his firm's non-conventional investment philosophy and mandate during a manager meeting with institutional allocator Paula Volent.
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“We think that the real gems of the investment world are found in the cracks in between what everyone's doing. So you'll never find us doing multifamily housing. You won't find us doing LBO private equity.”
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“People think endowments are the smart money, and I disagree. I think endowments are often run by committee And of a dozen smart people in the room that are paid a lot of money that give money to the obvious stuff. And committees kind of push people towards tha…”
Steve DrobnyMay 5, 2022▶ 39:33Steve Drobny – Where the World is Going at Clocktower Group (Manager Meeting, 30)
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Insight
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“In the zero rates world, I thought we were shifting to a place where really it's fiscal and geopolitics that matter, especially after 2016 when you had Brexit and Trump. I think the world really changed and Marco came on board and has just crushed it for our c…”
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