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How I Invest with David Weisburd
E117: What Will Family Offices Invest into in 2025? w/Hansen Ringer
Dec 3, 2024
Hansen Ringer, Managing Director at Sepio Capital, shares his expertise in alternative investments. He discusses how family offices are refining their investment strategies in light of recent market trends. Ringer delves into the unique dynamics between stocks and bonds, especially after the shifts caused by inflation. He also highlights the importance of diversifying beyond traditional portfolios, the current landscape of hedge funds, and the critical role of benchmarking in asset allocation. Tune in for insights on navigating the complex world of investing in the coming years.
42:10
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Quick takeaways
- Family offices are shifting from expensive hedge funds to liquid bond alternatives that simplify investment strategies and reduce costs.
- The podcast illustrates how the distressed credit market offers compelling risk-return opportunities, contrasting with the current challenges faced by venture capital.
Deep dives
The Changing Landscape of Hedge Strategies
The podcast discusses the shifts in portfolio management strategies, particularly the declining necessity for hedge strategies due to the availability of cheaper and more understandable bond options. Investors are increasingly experiencing recency bias, impacting their view on the value of hedge funds which often come with high fees, complexity, and liquidity issues. During periods of underperformance, these hedge funds lose appeal as institutional investors find it challenging to justify their expensive fees for a lack of substantial returns. The speaker emphasizes the importance of liquidity, suggesting that if two investment streams offer the same returns, the one with daily liquidity is preferred due to its added value.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode