Andrew Slemmon
The Operator
Execution, delivery and performance, gets the hard thing done.
Andrew Slemmon reads as The Operator because his portfolio construction is disciplined, process-driven, and built on precision rather than prediction. Achieving high active share without outsized tracking error signals a manager who controls risk through selection, not macro bets.
“Higher active share managers outperform over time because you're going to find out pretty quickly whether they're good or not because they don't kind of benchmark hug.”
“What you really want to have in this business is higher active share, but not a lot of tracking error. I'm not making a big directional bet against my benchmark. I just don't own a lot of the benchmark.”
“Getting the conversation to stocks kept people invested, and the most important thing to do is to ride out the downturn.”
Masters in Business: “At the Money: Avoid Closet Indexing”
LISTEN AT THE SOURCE ↗THE RECORD IS CHECKABLE