Capital Allocators – Inside the Institutional Investment Industry Kristof Gleich – Boutique Managers and Active ETFs at Harbor Capital (EP.411)
Oct 10, 2024
In this engaging discussion, Kristof Gleich, President and CIO of Harbor Capital Advisors, shares his journey from physics to finance, detailing a dramatic business turnaround by pivoting to active ETFs. He reflects on cultural differences between Goldman Sachs and JP Morgan that shaped his leadership style. Gleich dives into the evolution of active ETFs post-SEC rule changes, emphasizing innovative strategies in a competitive market. He also touches on the importance of mentorship, lifelong learning, and the exciting future of alternative investments within ETFs.
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Career Path
- Kristof Gleich transitioned from physics to finance, starting at Goldman Sachs' graduate program.
- He later worked at JP Morgan on the wealth management side before joining Harbor Capital.
Differing Cultures
- Goldman Sachs had a partnership culture with strong risk management, where employees conformed to the "firm's" expectations.
- JP Morgan fostered individuality, allowing employees to be themselves, which Gleich preferred.
Competition and Improvement
- Gleich learned at JP Morgan to view competition as external, fostering continuous improvement.
- He applied this to Harbor, challenging its established mutual fund model and pushing for innovation.