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 12 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
No errors were ever found in the UC Regents investigation
“And that to this day we stand behind entirely because there's never been one error found with the story. And it's a story of UC Regents and Jagdeep Basher.”
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.”
There are four PR people for every journalist
“I believe there's four PR people for every journalist now. I suspect it's even higher in the financial industry.”
McDaniel predicts Scott Malpass will never leave Notre Dame
“Some people, Scott Malpass, will never leave Notre Dame. He's in his dream job.”
Average private fund fees have dropped to 1.5 and 18
“Now, I think that's going the way of the dodo. You know, it's, what is it, 1.5 and 18 now, but nothing says it's going to rebound to where it was. In average.”
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.”
Private capital funded 80% of LaGuardia Airport's refurbishment
“So my understanding is that 80% of the capital into that refurbishment is private capital, is our core audience.”
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…”