Rice University's public equity portfolio has not outperformed over 3-5 years
Allison Thacker · Allison Thacker – Different Perspectives and Different Assets at Rice University (EP.348) · Nov 6, 2023 · at 37:24
Allison Thacker is President and CIO of Rice Management Company, managing Rice University's endowment.
0:00 / 0:07exact quote · 7.1s
720p mp4 · rendered on demand · StarZero watermark
“And from that statement, you can assume that our public equity portfolio has not outperformed over the last three to five years.”
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 Allison Thacker
Rice Excludes Fund Managers Who Won't Commit to Carbon Neutrality
“We don't invest in a single fund that hasn't committed to be using carbon offsets and become carbon neutral.”
Sequoia's 'Forever Fund' Belongs on the Apocalypse Wall
“Actually, the Sequoia Forever Fund is up on there too. Things where you're like, I don't understand what's going on. I'm going to put this up here.”
Former Operators Struggle as Portfolio Managers Because They Over-Fixate
“And I think the closer you are to an operator, the less you've been trained to let something go. You're at one company and your job is this one company and make it work. And the reality is You're a portfolio manager. You have at least a hundred choices across …”
Thacker: Value and GARP strategies mathematically underperformed without momentum
“It's just a mathematical reality, which is if you believed in any value or GARP orientation, you have underperformed. You needed to be a momentum investor In your asset allocation, as well as owning those type of managers.”
Thacker: Value is the only viable equity strategy in Europe
“So in Europe, I really believe in value, partly because I don't see a lot of growth in Europe.”
Asset Managers Prefer Gathering AUM to Providing Real Capital Solutions
“And the traditional money management business is not really in the solution capital model, right? Because it's just much easier to be a large publicly traded or large very private but profitable money management business and just keep serially raising the 20% …”