Capital Allocators – Inside the Institutional Investment Industry WTT: The Investment Office Playbook - What Managers Don’t See
Apr 6, 2024
Dive into the intricate world of investment offices and their vital playbook. Discover a four-season framework that guides how allocators and managers interact. Learn why understanding governance and lifecycle stages is crucial for forging strong relationships. The insights on leadership transitions reveal their impact on investment outcomes. This discussion will reshape how you perceive allocation dynamics and the hidden challenges managers face.
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Investment Office Playbook
- The investment office playbook has four seasons: governance, deployment, optimization, and maturity.
- These seasons repeat with each new CIO, impacting manager selection.
Timing is Key
- Target the deployment and early optimization phases for new allocations.
- Avoid approaching investment offices during governance and maturity stages.
Baylor University's Optimization
- David Moorhead, Baylor University CIO, estimates a 70% success rate on initial investment decisions.
- He spends the next 2-4 years refining the remaining 30%.