Capital Allocators – Inside the Institutional Investment Industry [REPLAY] Tim McCusker – Consistency and Creativity as CIO at NEPC (Capital Allocators, EP. 80)
Apr 30, 2020
Tim McCusker, Chief Investment Officer at NEPC, oversees a consulting firm that manages $1 trillion in assets. He discusses the balance of consistency and creativity in investment strategies while addressing unique client needs. Tim shares insights from his transition from teacher to CIO and highlights the importance of adapting to megatrends like AI and demographic shifts. He also delves into the complexities of market dynamics, operational challenges in outsourcing investment management, and the essential interplay between active and passive strategies.
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From Teacher to CIO
- Tim McCusker's career began unexpectedly with teaching high school math due to a last-minute job opening.
- This experience proved invaluable, teaching him communication and presentation skills he utilizes to this day.
Diversity in Clients
- NEPC, with $1 trillion AUM and 400 diverse clients, benefits from understanding various investor needs.
- This broad perspective informs their research and allows them to tailor their approach to each client segment.
Adapting to Competition
- NEPC competes with various firms, each having strengths in different client segments.
- They adapt their competitive strategy based on the specific competitor, leveraging their global reach and flexible approach.