

Dakota Live! Podcast: Building Resilient Portfolios: A Live Panel on Manager Selection
8 snips Mar 5, 2025
Ethan Devitt, a Senior Investment Advisor known for his allocators podcast, joins Stephanie Szymanski, CIO of Lakeview Capital, and Katharine Wyatt, CIO at Loyola University Chicago, for an engaging discussion on investment strategies. They explore the evolving landscape of manager research and the balance between active and passive investing. The trio shares insights on the importance of relationships in due diligence, the challenges faced by emerging managers, and the role of technology and ESG considerations in selecting high-performing funds.
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Active vs. Passive
- Active management offers diversification and downside protection, especially in emerging markets.
- Passive strategies suit US equities, while active management excels in complex markets requiring local expertise.
Endowment Investing
- Endowments focus on absolute return and long-term capital appreciation through concentrated, high-active-share portfolios.
- This approach requires rigorous manager research due to the underperformance of most active managers.
Deal-Level Benchmarking
- Katharine Wyatt uses databases to independently verify private equity deals and benchmark performance at the deal level.
- This granular data allows for deeper analysis than relying solely on manager-provided information.