Peters: Asset managers must narrow focus to scale before resuming experimentation
Eric Peters · Eric Peters - Paradigm Shifts and Solutions at One River (EP.422) · Dec 16, 2024 · at 36:07
Eric Peters, CIO of One River Asset Management and CEO of Coinbase Asset Management, discusses scaling investment firms referencing a framework from former Man Group CEO Luke Ellis.
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“When you start an asset manager, You gotta figure out what works, what makes you special, and you might have to try a number of things, and then at some point, if you're fortunate, you figure it out. So you're just surviving, which we did for a lot of years, and then you figure out what really works for you, and then you go into this rapid growth phase, and that's when you really need to narrow your focus, and you need to scale, because as you do that, you become dramatically stronger, meaning you can hire more people, You have access to resources that you didn't otherwise have. Then what that allows you to do is get to a new plateau where you can start experimenting more.”
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