Arndt: Institutional Macro Inaction Stems From Governance, Not Investment Talent
Raphael Arndt · Raphael Arndt – The Death of Traditional Portfolio Construction? (EP.365) · Jan 29, 2024 · at 46:35
Raphael Arndt, CEO of the Future Fund, argues that governance structures dictate whether investment teams can execute on macro insights.
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“Most of the things we think about the world are not secrets. Plenty of people are debating the same issues. It really boils down to, are you willing to act on that? And how far are you willing to move off the back of that? And mostly that's not the capability of the people. It's the governance model.”
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