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11 results for “fund governance”
...That strength of governance is an enormous advantage for the Canadian model and for ourselves. I am very sympathetic to other funds that find themselves in different circumstances. I try not, Ted, to be in the school of right and wrong. I try to be i
21:02 / 22:05
from transcript21:02 – 22:05
delegating that allocation decision to a manager to do for you? It's one of the big challenges because, inevitably, if you are investing in managers that you think are super talented, typically, they have a reasonably broad remit. We tend to focus on
15:46 / 16:57
from transcript15:46 – 16:57
I'll give you the answer I would have given to you three years ago, and then I'll give you the answer today. The answer three years ago would have been, we think about asset allocation a little bit differently. We very explicitly and intentionally di
30:45 / 31:48
from transcript30:45 – 31:48
and required the kind of coordination and orchestration at the top level to ensure that their balance sheet was being used to greatest effect. The amazing thing I learned at Capital One is that it was not as much a portfolio of positions as it was a
8:15 / 9:17
from transcript8:15 – 9:17
grind it out through environments like that? Whether it's a low growth and low inflation environment, a stagflation environment. Going back to this bottoms up idea, we're not gonna say, here is what we think is the most likely outcome and second most
14:57 / 16:02
from transcript14:57 – 16:02
...fund management committee. We meet fortnightly. We also have, similar committee that looks at the underwriting of deals, but those will only be the largest transactions.
45:42 / 46:46
from transcript45:42 – 46:46
securities or asset classes. So how much alpha do you expect is the numerator? How much volatility, single standard deviation around that alpha, do you expect in any one year? And if you think about that all the time and you're adding managers, theor
34:31 / 35:42
from transcript34:31 – 35:42
One of the things that has attracted value from the culpas experience has been a tendency to be too procyclical. If you think back to the time of the financial crisis, various assets were liquidated, this was taken off. That was done in part because
0:00 / 1:02
from transcript0:00 – 1:02
is cheap, we can do something with that. We'll find a manager and add to them or whatever it takes. How do you balance the notion of static risk with the concept that there may be something like structured credit that you think is an opportunity? So
29:16 / 30:26
from transcript29:16 – 30:26
of the operating budget, and so you have to be able to control that to make sure that the CFO and the finance teams of these institutions can draw a stable amount of capital every year. And, it also has a behavioral element, which is how much can the
11:17 / 12:21
from transcript11:17 – 12:21
If we thought something was gonna happen for three years and then revert, we probably wouldn't move an infrastructure portfolio. But we know today that asset prices implied on those core assets are well in the single digits, probably low low to mid s
23:54 / 25:03
from transcript23:54 – 25:03
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