Room dynamics reveal true decision-makers over named portfolio managers
Tim McCusker · Tim McCusker – Consistency and Creativity as CIO at NEPC (Capital Allocators, EP. 80) · Dec 17, 2018 · at 33:20
Tim McCusker, CIO of NEPC, describes the qualitative due diligence process when evaluating fund management teams.
0:00 / 0:30exact quote · 30.3s
720p mp4 · rendered on demand · StarZero watermark
“I think the people part to me is the most important. It's not just who they are, but it's how they work together, how they interact, and sometimes that's more subtle things. Sometimes, sometimes there's a named portfolio manager, but you get a group in the room and you realize they're deferring to the director of research on everything, and that's the real power player here. And that, you may like the strategy either way, but it's a really important insight that if anything ever happens there, if that person leaves, it's much more important than if the portfolio manager leaves.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Tim McCusker
McCusker: Pure institutional, RIA, and retail channels will vanish within 20 years
“I would say, 20 years from now, there's not many purely institutional, or purely RIA, or purely retail players. Everything is blended together, whether it's asset managers, advisors, or the end participants, even.”
McCusker: Allocators will negatively view well-capitalized managers taking SBA loans
“For a lot of well-established, well-capitalized managers, that's not an appropriate use of that pool of capital, and In some ways, they're taking from small businesses on Main Street that can really deserve it, and I believe that list is going to be made publi…”
McCusker: More Institutional Firms Will Merge With RIA Platforms
“The other thing is this is going to continue to happen. I don't think these are the last two firms that are going to tie up with RIA platforms.”
McCusker: Markets are more likely to experience a short-term downward snapback
“In the short term, I think it's just Really hard to look at things and say, all right, we're moving forward and markets are going up and we're going to buy more when it feels like the market's gotten a little bit ahead of itself and we're more likely to see a …”
McCusker: Business Travel Will Return to Normal Quickly Post-Pandemic
“While some are saying this is a breakthrough, and we're going to be a lot more flexible working from home, I think we're going to go back to normal pretty quickly, and we're going to be road warriors once again. So it's actually, I'm not answering the question…”