Allocator's Edge
The dispersion of returns in alternative investments is significantly wider than in public markets, making it crucial for allocators to identify and access top talent. Without a clear allocator's edge—whether through sophistication, capital type, or strong relationships—investors may struggle to compete effectively. The experience of CalPERS highlights the pitfalls of a complex governance structure that can hinder investment success, emphasizing the importance of knowing when to engage in the market.In this clip
From this podcast
Capital Allocators – Inside the Institutional Investment Industry
The Bet with Buffett (Capital Allocators, EP.05)
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