7: $18T in Alternative Investments, 1 Premier Association Serving the Industry – Conversation with Aaron Filbeck of CAIA | How to Think Like An Allocator | Why Allocators and Asset Managers Fail to Communicate | Research on Qualitative vs Quantitative Due Diligence (aka Culture Eats Sharpe Ratio for Breakfast)
Billion Dollar Backstory
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The Importance of Past Performance
The past returns can lead to good discussions on a manager's process. Using the numbers as an allocator is helpful for me to ask a follow-up question of, well, can you talk about 2008 or 2013 when interest rates skyrocketed? And can I take some of those nuggets and use that as a preview for what future performance might look like in a different environment? So I think both matter, but yeah, I love the past performance is not for sale. Right? It's so true. Other people's alpha. That's not available to you.
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