Triplett: Filling rigid portfolio asset buckets leads allocators to hire B-teams
Neal Triplett · Neal Triplett and Kim Lew – Issues of Management at Duke and Carnegie (Capital Allocators, EP.116) · Dec 16, 2019 · at 18:23
Neal Triplett, CEO and CIO of DUMAC (Duke University's endowment), discusses manager selection strategy and portfolio construction mistakes.
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“The way we think about it across the portfolio, as opposed to kind of picking and choosing buckets that we're trying to fill, that's, you didn't ask the question, those are the mistakes that we always make, is if we're trying to fill a bucket, that's usually problematic because we end up getting a B team that is not as aligned, that doesn't have the terms that we want, isn't as smart, hard work, whatever, all the things, the qualitative things that we're trying to assess.”
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