Capital Allocators – Inside the Institutional Investment Industry Tim McCusker – Advising Through a Crisis at NEPC (Capital Allocators, EP.135)
Apr 30, 2020
Tim McCusker, Chief Investment Officer at NEPC, discusses crisis management strategies in the investment world. He highlights the importance of balancing short- and long-term investment approaches during times of uncertainty. The conversation explores virtual due diligence adaptations and the shifts in client communication. Tim also shares insights on opportunities in credit and private equity, alongside the unexpected benefits of remote work. A humorous anecdote about scheduling challenges during restrictions adds a light touch to this informative dialogue.
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Balancing Short-Term and Long-Term Strategies
- Separate short-term tactical moves from long-term views.
- Rebalance portfolios to harvest gains and capitalize on market swings.
Client Responses to the Crisis
- Healthcare clients prioritize liquidity and operational needs over new investments due to the pandemic's impact.
- Public funds face challenges adapting to remote work due to their open meeting structure.
Opportunities in Credit
- Hedge funds offer opportunities in credit markets, particularly through TAALF.
- The public markets credit team, credit hedge funds team, and private markets team are evaluating these distressed opportunities.