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17 results for “valuation strategy”
Concept10 mentions across episodes
valuation
Topic7 mentions across episodes
valuation
And quite honestly, it's a very long term forecast and they they evolve pretty slowly for us. What are the buckets of the strategies that you use in your in your approach? At the top level, we believe that strategies fall into two main categories. Th
25:31 / 26:33
from transcript25:31 – 26:33
So once you have the structure built and you've brought in these initial people, I'd love to dive into the investment model. What are the strategies you chose to participate in? Broadly speaking in the equity side, there's fundamental, quantitative,
39:00 / 40:01
from transcript39:00 – 40:01
folks out there who are still applying strategies that are very similar to what was applied in the early days, the early types of quant strategies. But over the decades, there's been such an explosion in processing power, in data, in algorithms that
7:30 / 8:36
from transcript7:30 – 8:36
You know, that and there's nothing wrong with that because simply these people have limited time, you know, and somebody who's gonna be a larger client will get more in almost any line of business. You know, in terms of access, it does vary. I think,
37:25 / 38:31
from transcript37:25 – 38:31
From our perspective, we build returns, expected returns for each of those strategies and we don't think there's some sort of magical, mystical, uncorrelated beast. If you think equities are going to return 7.5%, if you're a long short equity manager
24:43 / 25:51
from transcript24:43 – 25:51
You know, at the end of the day, most multistrategies make most of their money from kind of, I would call it, equity alpha, for lack of a better word, which can include traditional long short equity, quant equities, index rebal. We've heard about tha
38:14 / 39:15
from transcript38:14 – 39:15
And so if you think about a three circle Venn diagram and put your finger at the center of it, we don't think there are that many strategies that credibly deploy all three. Oftentimes, you'll find maybe fundamental long, short, and event driven cross
14:17 / 15:16
from transcript14:17 – 15:16
Massey had changed the compensation structure so that everyone got rewarded on the basis of the whole portfolio, not their asset class. That was quite important. The team had done a lot of work on liquidity, had invested a lot of time, lot of efforts
23:15 / 24:15
from transcript23:15 – 24:15
we had made a big transition at MD two. For the first decade, the strategies were traditional factor tilting strategies. There was a formula that used a small number of characteristics, and the portfolios would tilt toward them. Those strategies gene
8:14 / 9:15
from transcript8:14 – 9:15
The ultimate objective for future funds now is CPI plus four to five. That's what the portfolio is constructed to do. In New Zealand, it's less clear in terms of having a specific return objective. The focus is on the risk appetite and generating wea
15:41 / 16:46
from transcript15:41 – 16:46
positions, but without destroying the confidence by just getting to a point where we just can't have a view. And what metrics are you using to determine equilibrium and markets that move away from equilibrium? Yeah. So the team builds DCF models for
35:16 / 36:38
from transcript35:16 – 36:38
...in the multi strategy firm, they won one global optimization at the top of the house. We're on hunter gathers alpha, and then we rent as risk on top of the house. You could do that. You just can't do that and pay people unnetted compensation. Some pe
38:10 / 39:17
from transcript38:10 – 39:17
...their search strategy along either some sort of valuation axis. So I'm a value manager. I'm a growth manager. I'm a quality manager. Or some sort of qualitative aspect. I wanna invest in great management teams or great capital allocators or compounde
15:00 / 16:06
from transcript15:00 – 16:06
...a strategy like that because there are so few players left in it. And whenever you start dislocating markets like this, the people who can manage the risk well through the difficult times, I think, really, you know, and rightly so, get rewarded on th
26:14 / 27:19
from transcript26:14 – 27:19
...long only strategy? The penny dropped at that point that we need to shift tactically into long only. That's when we launched our local currency debt strategies and since then have tilted the public markets business. The second thing that it made me r
33:46 / 34:45
from transcript33:46 – 34:45
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