Recker: LPs must evaluate underlying companies rather than putting managers on pedestals
Tim Recker · Tim Recker - Concentration at the James Irvine Foundation (Capital Allocators, EP.100) · May 20, 2019 · at 15:31
Tim Recker, CIO of the James Irvine Foundation, discusses lessons learned from former UC Regents CIO Marie Berggren on manager evaluation and independent analysis.
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“She really taught me to not to look Managers in terms of just their own track records, et cetera, but to really look at the underlying companies and that really form your own opinion and be sort of intellectually independent of the managers and don't view them as superior to us. Like I think sometimes as investors, we hold the managers up a bit on a pedestal.”
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