Capital Allocators – Inside the Institutional Investment Industry Matt Bank - "GEMs" of Risk, Asset Allocation, and Manager Selection (EP.419)
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Nov 25, 2024 
Matt Bank, the Deputy Chief Investment Officer at GEM with a robust background in institutional investing, shares his insights on asset allocation and manager selection. He discusses his unique journey into investing and the critical importance of risk management and trust with clients. Matt delves into the evolution of the OCIO industry, highlighting the need for tailored strategies. He explains the intricacies of selecting managers for alpha generation and the balance between active and passive investments, offering a nuanced view on achieving success in today's market.
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Unconventional Start
- Matt Bank's career began unconventionally, marked by mountain climbing and a lack of internships.
- After a stint at a law firm, he transitioned to Goldman Sachs' principal investing team.
Life-Changing Event
- Matt's father's unexpected death prompted career reflection, leading him to business school and a meeting with David Salem.
- This encounter introduced him to a liberal arts approach to investing, influencing his career trajectory.
Building Trust
- Building an investment firm requires broad exposure, from asset allocation to marketing.
- Managing institutional or family capital demands the highest trust bar in asset management.