The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 8 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Asset owner polling reveals 80% of asset managers provide poor service
“No asset manager thinks they're bad at client service, but when you pull asset owners, and we have formally pulled them, 80% of asset managers have poor client service.”
McDaniel predicts Scott Malpass will never leave Notre Dame
“Some people, Scott Malpass, will never leave Notre Dame. He's in his dream job.”
Nearly all US corporate pension funds use risk parity strategies
“You'd be hard pressed to find a corporate fund without risk parity.”
Canadian pension governance structures insulate compensation from political control
“The Canadians really set up the model so they're paying market wages. They may not be able to pay as much as Goldman Sachs in Toronto, but they're pretty darn close. They also set it up so that pay doesn't, it's not one year thing, it's three or five year thin…”
McDaniel: Harvard endowment paid bond managers $30M each in 2004
“It was when the students were protesting the pay of two bond managers, Samuels and Middleman. They got thirty million bucks a year, that year, to manage bonds for the university endowment.”
McDaniel predicts Mass PRIM's Sarah Samuels will become a CIO
“Sarah is the deputy CIO. When you speak to her, she, you know, knows exactly what she's talking about. She's at a big public plan. She will be a CIO one day, and at that time she was she may still be in her late thirties.”
Canada Pension Plan effectively doubled its Skype investment within a year
“I think of Canada Pension Plan joining with Silver Lake and buying Skype. And waiting it out for like six months, there are some legal issues, and effectively doubling their investment in a year.”
Harvard rowing coach Harry Parker mentored Bill Ackman and Reade Griffith
“One of the most important people in my life, he actually was the most important people in a lot of people's lives in finance, is a guy named Harry Parker, who was the Harvard rowing coach for 53 years. He coached Bill Ackman, coached Reed Griffith, who runs Te…”