Capital Allocators – Inside the Institutional Investment Industry [REPLAY] - Jon Harris – Investing in People at AIM (Capital Allocators, EP.105)
Sep 27, 2021
Jon Harris, CEO of Alternative Investment Management, shares insights from his extensive experience managing over $1 billion in hedge fund and private equity strategies. He emphasizes a people-oriented investment approach, discussing the significance of building networks and understanding manager motivations. The conversation covers the challenges of aligning interests, hidden fees in co-investments, and the importance of cultural values in hedge fund workplaces. Harris also touches on balancing philanthropy with investment commitments, highlighting integrity and personal connections.
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AIM's Origin and Evolution
- AIM started as a joint venture between two families, facilitated by lawyers who coined the name 'Alternative Investment Management'.
- It evolved into managing $1B, partnering with CEOs and experts to add value beyond capital in private equity and hedge funds.
People-Based Investing
- Prioritize people and alignment of interests in investments.
- Understand motivations and long-term vision.
Early Exposure to Manager Meetings
- John's father used Cambridge Associates' consulting services to evaluate fund managers.
- He involved John in manager meetings from a young age, exposing him to firms like Madison Dearborn, Red Point, and Summit Partners.