Long-Term Mandates
The conversation highlights the importance of structuring mandates for long-term relationships between asset owners and managers. Thoughtful asset owners prioritize enduring partnerships, while a common pitfall is the tendency to chase recent performance, leading to a cycle of hiring and firing. Innovative ideas, such as implementing a longevity discount, can create incentives for both parties to maintain their relationship, ultimately benefiting the broader economy.In this clip
From this podcast
Capital Allocators – Inside the Institutional Investment Industry
Sarah Williamson – Focusing Capital on the Long-Term (Capital Allocators, EP.67)
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