YouSaid · the spoken record

David Barrett

lines on the record: 66
first: 2017-09-25
most recent: 2017-09-25
sittings or episodes: 1
sources: podcast

Every line below is reproduced as it was said and linked to the record it came from. Nothing here is summarised or generated. Directory · Search · Corrections

“Looking back on your life. I'm not that old. I'm not that old. Great grandkids I think it gets back to just being fair and honest and straightforward in every walk of life and treat people, as I said earlier, treat people with respect. And you work hard, you do the right things, you treat people well, you don't cut corners, good things should happen. Good things should happen”
2017-09-25 · Capital Allocators · David Barrett – Searching for Leaders (Capital Allocators, EP.26) · IDENTIFIED FROM THE TRANSCRIPT · source
“All right, last question. It's your waning days. You are behind the dugout at Yankee Stadium with your grandkids looking back on your life. Not that old. I'm not that old. Great-grandkids. What advice would you give yourself today?”
2017-09-25 · Capital Allocators · David Barrett – Searching for Leaders (Capital Allocators, EP.26) · IDENTIFIED FROM THE TRANSCRIPT · source
“Probably one of the 20 years ago. I think it's sort of subtle and nuanced, but you just learn what you're good at. You learn how to appropriately add value and manage clients. And that just comes with experience. And then that comes, I think you build that quiet confidence, whereas 20 years ago, when I'd come back from Singapore, I was working for Russell Reynolds in New York. I had no idea how little I knew and so now I can come at it with a much more genuine, confident perspective.”
2017-09-25 · Capital Allocators · David Barrett – Searching for Leaders (Capital Allocators, EP.26) · IDENTIFIED FROM THE TRANSCRIPT · source
“Just the personal confidence you had to have. And again, totally different scale. And the trust he put in people and the team he built, I thought that was a very interesting sort of life lesson in terms of sticking with what you believe in and doing and focusing on quality and doing the right thing. And I thought that was cool.”
2017-09-25 · Capital Allocators · David Barrett – Searching for Leaders (Capital Allocators, EP.26) · IDENTIFIED FROM THE TRANSCRIPT · source
“An interesting book I read recently was and it resonated one because my brother had done a lot of work for Nike, but Phil Knight's shoe dog. Yeah, really good. And how he built that business and the risks he took and the faith and the”
2017-09-25 · Capital Allocators · David Barrett – Searching for Leaders (Capital Allocators, EP.26) · IDENTIFIED FROM THE TRANSCRIPT · source
“They know how to balance that in terms of the quality of the work and how they treat clients. That's hard to find. So to be able to build that and find folks as far away as Hong Kong and London who buy into that, I mean, so far so good. I'm really proud of that.”
2017-09-25 · Capital Allocators · David Barrett – Searching for Leaders (Capital Allocators, EP.26) · IDENTIFIED FROM THE TRANSCRIPT · source
“My kids, first of all, my three boys, and I'm proud of what we built here. I mean, there's a lot of boutiques that are viewed as a one-man band, and that's a very successful model, and there's a lot of my competitors that do very well with a man and a dog. But I've really been proud of over the last 12 years really building a global enterprise where it's not just me, and we've got great folks doing great work around the world. Every firm says this, but we candidly in the search business, it's really hard to live by it, which is don't hire assholes because there's a lot of people in search that are, it's all about them. It's professional services and it's a revenue business. have to bring the same client focus are long-term greedy they want to be successful They're ambitious, but”
2017-09-25 · Capital Allocators · David Barrett – Searching for Leaders (Capital Allocators, EP.26) · IDENTIFIED FROM THE TRANSCRIPT · source
“I think the lesson they taught me wasn't really a phrase, but treat people with respect. And I saw them do that forever. And that's always, Canley, I think that has really helped me in my business.”
2017-09-25 · Capital Allocators · David Barrett – Searching for Leaders (Capital Allocators, EP.26) · IDENTIFIED FROM THE TRANSCRIPT · source
“I feel bad for you guys because you're in your teens and you've just seen the most exciting from a New York fans perspective the most exciting win you'll ever see in your lives and you know I can I can write this out fine. But you guys have 50 more years. Now that was by far the coolest event”
2017-09-25 · Capital Allocators · David Barrett – Searching for Leaders (Capital Allocators, EP.26) · IDENTIFIED FROM THE TRANSCRIPT · source
“Actually, my favorite sports moment, while my second most favorite was being at the Bucky Dent game in nineteen seventy eight, Fenway driving up from New Haven on a Sunday night and being there Monday. But my favorite was, and the helmet's right behind you, Sitting with my kids and a bunch of good friends watching the giants beat the undefeated patriots in the 08 Super Bowl. There's a lot of rivalry coming out of this one. As I told my kids,”
2017-09-25 · Capital Allocators · David Barrett – Searching for Leaders (Capital Allocators, EP.26) · IDENTIFIED FROM THE TRANSCRIPT · source
“No, it's true. We'll see. I just have the pitching to hold up to that. Sonny Gray. I like Sonny. Garcia was a total waste. Yeah, that hasn't looked good.”
2017-09-25 · Capital Allocators · David Barrett – Searching for Leaders (Capital Allocators, EP.26) · IDENTIFIED FROM THE TRANSCRIPT · source
“So The doctor. I think that I'm really excited about next year. The young kids are going to be that much further along and healthy. I think this year we're not really built to maybe get into the wild card game, but we're not going to make a serious run. There's too many good teams. I mean, as an example, this is the first year since Jeta retired that I've been excited about watching and going to games. Yeah. It's fun to watch. Awfully good, though. Dodgers and Astros, you know. Yeah.”
2017-09-25 · Capital Allocators · David Barrett – Searching for Leaders (Capital Allocators, EP.26) · IDENTIFIED FROM THE TRANSCRIPT · source
“Well, it's easy. That's sitting on the couch watching the Yankees. That is not a waste of time. That was a no-brainer. Most people listening.”
2017-09-25 · Capital Allocators · David Barrett – Searching for Leaders (Capital Allocators, EP.26) · IDENTIFIED FROM THE TRANSCRIPT · source
“So they are, by definition, they're not going to get the sitting CIO or even potentially the strong number two. So they'll go out and find a really good equity portfolio.”
2017-09-25 · Capital Allocators · David Barrett – Searching for Leaders (Capital Allocators, EP.26) · IDENTIFIED FROM THE TRANSCRIPT · source
“Great point eighty percent of the time the search committee will say we want a broad brush. We want to see everybody in all the different buckets. You get down to the finish line. Oh, we got a sitting CIO who's going to have done this for five years proven track record and I can sleep at night because we've brought in a proven player. 80% of the time that's the way they'll go. It's not just the rare search committee or investment committee, but it's the rare institution that is at a point in their growth where they really are going to be comfortable doing that unless they have to. And I'll give you examples of, you know, typically where you have to do it, and I think it's worked out great in a lot of different cases, is either smaller organizations or so I'm saying, you know, sort of sub one billion organizations that have champagne taste and beer budget. So like retirement plans and where they have to.”
2017-09-25 · Capital Allocators · David Barrett – Searching for Leaders (Capital Allocators, EP.26) · IDENTIFIED FROM THE TRANSCRIPT · source
“If a board takes on that fiduciary responsibility more seriously than they had in the past, and they're still a little bit disconnected from the pool of candidates, that's why you play the role you do. They can go through a process. You can have your smaller CIO bucket, your number two bucket, your best athletes bucket. From the outside, the perspective is always square peg square hole. And the more you have people focused on that fiduciary responsibility, do they tend to gravitate more towards, well, let's just get somebody who looks and feels like someone in the seat than they had in the past?”
2017-09-25 · Capital Allocators · David Barrett – Searching for Leaders (Capital Allocators, EP.26) · IDENTIFIED FROM THE TRANSCRIPT · source
“But as a result, so the challenges have been to really continue to find new and interesting talent in the context of filling those seats. The demand for world-class CIOs who can make a difference in any of the different asset owners is growing dramatically. And frankly, there's a lot of good talent coming from the third party side that needs places to go.”
2017-09-25 · Capital Allocators · David Barrett – Searching for Leaders (Capital Allocators, EP.26) · IDENTIFIED FROM THE TRANSCRIPT · source
“More fiduciary minded view of their roles. And so performance on an absolute relative basis from 10 to 15 was suddenly looked at much more carefully because they're hearing from all their alumni networks, well, how come we're not doing, why are we underperforming Yale or whatever it is, right? So as a result where 2005, 2006 boards were, I don't want to say they were mailing it in, but there was just a lot less scrutiny on performance have been forced to take action. So that's led to we're doing a large CIO search right now and they're concerned that has the market been too picked over over the last three years for $600 or $7 billion CIO role. And that is a result of boards being much more involved and taking a much harder look at and then making difficult decisions if the performance isn't there.”
2017-09-25 · Capital Allocators · David Barrett – Searching for Leaders (Capital Allocators, EP.26) · IDENTIFIED FROM THE TRANSCRIPT · source
“I think the biggest challenge today is the scarcity of talent. I think the reason you've seen so much changing seats over the last several years is that because of the increased transparency around performance and then they get the relative comparisons through the press has turned this into an arms race, which is unfortunate in my view because it doesn't have to be an arms race. I mean, this is not a zero-sum game. Everyone can be successful, so you don't have to turn into that type of thing so people become more introverted and less sharing. And it's a problem. But as a result of that, coming out of the crisis, investment committees and boards have been forced to take a much”
2017-09-25 · Capital Allocators · David Barrett – Searching for Leaders (Capital Allocators, EP.26) · IDENTIFIED FROM THE TRANSCRIPT · source
“The length of time to complete searches has not shortened, because it is a people business, it's based on personal relationships, meeting people in person, building trust, establishing credibility both with the search firm and the candidate and then the candidate with the clients. And a career move is the biggest thing people do, obviously on a professional basis. You can't rush that. That takes time. And technology is never going to turn that process at the level we work into a six-week process. It just doesn't work that way.”
2017-09-25 · Capital Allocators · David Barrett – Searching for Leaders (Capital Allocators, EP.26) · IDENTIFIED FROM THE TRANSCRIPT · source
“It's another great question, especially in terms of the answer in that we wonder for the folks who've been doing this way too long, we wonder how did we find candidates in the 90s, the yellow pages. Yeah. You know, especially in the context of equity analysts and sales guys, but it was much, in terms of transparency of the candidate universes, there was much less transparency. How did we get searches done? So yes, there's tons of information, third-party databases that we can access now that are helpful. And in terms of gathering information at all levels, including CEO work and CIO work. But the reason I say it's interesting in terms of the answer.”
2017-09-25 · Capital Allocators · David Barrett – Searching for Leaders (Capital Allocators, EP.26) · IDENTIFIED FROM THE TRANSCRIPT · source
“How have you thought about the use of technology? I mean, obviously LinkedIn broadly defined in search, broadly defined across all levels has been a pretty influential factor, maybe not as much of the senior levels, but how you use technology differently today than what you may have in the past”
2017-09-25 · Capital Allocators · David Barrett – Searching for Leaders (Capital Allocators, EP.26) · IDENTIFIED FROM THE TRANSCRIPT · source
“Well, I'd say the fee pressure is ongoing. I think it's, and it's really less secular tied to what asset strategies are popular either short-term or long-term on a cyclical or secular basis, but more the users of search becoming much more savvy around how to utilize search firms. There's always fee pressure. There's a lot of competition and there's a lot of big firms that are buying more in it that will give you fee breaks. Get back to the model, I think retained search is going to be increasingly at the very senior levels. And so I think boutiques are much better focused boutiques because you don't have the overhead. You don't have to have as many searches and you will be perceived as adding value at the senior levels where we work where you can't do it through internal search or LinkedIn and you don't have to worry about.”
2017-09-25 · Capital Allocators · David Barrett – Searching for Leaders (Capital Allocators, EP.26) · IDENTIFIED FROM THE TRANSCRIPT · source
“It's kind of interesting to bring Vanguard into the mix because outside of Vanguard maybe a BlackRock at times, your pool of work is in some form of active management, and the entire active management ecosystem is under fee pressure. And I'm curious if that trickles down to your business. Do your clients start to question your fees, or do they still say, no, the value we're getting for the service is appropriate?”
2017-09-25 · Capital Allocators · David Barrett – Searching for Leaders (Capital Allocators, EP.26) · IDENTIFIED FROM THE TRANSCRIPT · source
“I think about it all the time, and especially in the context of we're very lucky because I call it the captive capital clients because the asset owner business will always be there because those people always going to have to put money to work. So whether it's our sovereign wealth clients in the Middle East, whether it's the growing family office businesses, whether it's the ENF world, whether it's planned sponsor community, that's a great stable base of business, which a lot of search firms don't have. But at the same time, you want to make sure you're well positioned with some firms like Vanguard. You want to be making sure you have a nice blend between active, fundamental, and quantitative, all that stuff has to be taken into consideration.”
2017-09-25 · Capital Allocators · David Barrett – Searching for Leaders (Capital Allocators, EP.26) · IDENTIFIED FROM THE TRANSCRIPT · source
“And do you think about your business in terms of trends and asset management? So today people are talking a lot about quantitative investing and quantitative placements. Do you think about, well, that might be an area of growth and change, therefore we should be thinking about those types of searches?”
2017-09-25 · Capital Allocators · David Barrett – Searching for Leaders (Capital Allocators, EP.26) · IDENTIFIED FROM THE TRANSCRIPT · source
“Make lots of mistakes and you learn every day. I think your biggest mistakes come when you try to take on too much, and you just get spread too thin and your delivery, your delivery suffers. And that's a balancing act in our business.”
2017-09-25 · Capital Allocators · David Barrett – Searching for Leaders (Capital Allocators, EP.26) · IDENTIFIED FROM THE TRANSCRIPT · source
“I love to look back and see Alandis Zimmerman who's been at Howard Hughes since oh four or Keith Ferguson who's been at Washington since oh five those folks that have really made a difference over a five to tenure basis and those are the ones you feel like wow you made a difference”
2017-09-25 · Capital Allocators · David Barrett – Searching for Leaders (Capital Allocators, EP.26) · IDENTIFIED FROM THE TRANSCRIPT · source
“And then they wanted you to do it again. Yeah, they wanted to redo it. So again, we're in a people business. And as you know, there's a lot of interesting personalities in all parts of the investment world. Which is part of what makes it interesting.”
2017-09-25 · Capital Allocators · David Barrett – Searching for Leaders (Capital Allocators, EP.26) · IDENTIFIED FROM THE TRANSCRIPT · source
“Ed Spruto, and I will say in twenty five plus years I have only given money back once. And that was to get out of a relationship. And it never even hit my screen to do it except for one time. And not surprisingly, it was In the alt world and a hedge fund of funds, where, you know, just please take my money, no moss. And how long did I? And that was at a point where, you know, lull in the market, we took on a tricky search where the person that was known to be, it was easy in retrospect to say, why did we do that?”
2017-09-25 · Capital Allocators · David Barrett – Searching for Leaders (Capital Allocators, EP.26) · IDENTIFIED FROM THE TRANSCRIPT · source
“Right. I say a couple things. We're not picking our clients per se. I will say, and I'm proud that we've gotten to a certain point in our evolution that the majority of the time we want to make sure we're getting chosen by clients who we feel we can be successful for. And we're not going to probably actively compete for a search where we don't think we can be successful. A lot of that time it'll be because of the what we view as the personality fit or the business model, but it often it comes down to personality. And I won't generalize, but that's the reason we don't do a lot of hedge fund work. Okay, so there must have been a time.”
2017-09-25 · Capital Allocators · David Barrett – Searching for Leaders (Capital Allocators, EP.26) · IDENTIFIED FROM THE TRANSCRIPT · source
“So, somewhere along the way you must have had a client that you accepted, that you personally would never have wanted to work for. That doesn't mean there isn't a great fit for them. It just might not resonate with you personally. So how do you address that process in finding a fit and then convincing someone if that's what it takes to take a role that you may think is a great fit for them, but you know in your heart like there's something that gives you the hebbe-jeebies about the client. Right.”
2017-09-25 · Capital Allocators · David Barrett – Searching for Leaders (Capital Allocators, EP.26) · IDENTIFIED FROM THE TRANSCRIPT · source
“They can. I mean, for instance, Harvard was the shortest search we ever did. It was two and a half months. I mean, and typically these take four or five, six months. But I'd say in terms of intensity, I mean, but they're not easier. They're just more intense and high pressure. Sure.”
2017-09-25 · Capital Allocators · David Barrett – Searching for Leaders (Capital Allocators, EP.26) · IDENTIFIED FROM THE TRANSCRIPT · source
“No story No search is easy. Of course, I'm going to say that. No search is easy. I will say the most enjoyable searches are where you have a really focused, engaged search committee. And especially the head of the search committee, because that's really your day-to-day contact. And if they're engaged and focused, it keeps you motivated and it leads to the highest probability for success. And none of these searches are easy. If you wanted to quantify it, I mean, the larger, the more visible the position, you know, there's fewer people that you have to target. So over the last three years, Stamford, Harvard, UTIMCO, that universe of candidates is going to look a lot different. And Candidate's going to be a lot smaller subset than doing something for a $3 to $4 billion.”
2017-09-25 · Capital Allocators · David Barrett – Searching for Leaders (Capital Allocators, EP.26) · IDENTIFIED FROM THE TRANSCRIPT · source
“In terms of their tenure number, all those CIOs had been in place for 10 years. And so that consistency and that stability and singularity of investment philosophy is critical. So it's hard to judge. So the ultimate thing is how they do it in performance-wise relative to their benchmarks. That's hard to track until about the fifth year. But clearly the personality and management fit has to be there too.”
2017-09-25 · Capital Allocators · David Barrett – Searching for Leaders (Capital Allocators, EP.26) · IDENTIFIED FROM THE TRANSCRIPT · source
“We should do a better job of tracking the success of our placements. On the flip side, but when we're looking at candidates or when we're measuring the success of the people we've placed, You can certainly get a sense for how they're doing in terms of the shaping of their team, if that was required and how they're dealing with communicating with the board and building confidence with the board. But assuming those things are going well, which are things you can measure, as you know better than I do, you're turning around, you're reshaping, repositioning, or turning around aircraft carriers. So I think you take really your first breath and the calibration point maybe at three years, but five years for me is the proof of the pudding. And it's interesting, you know, if you say, how do you measure success in the ENF world? It really is continuity and stability. When we were doing the Stanford CEO search, the seven or eight institutions that they compared themselves to that were ahead of them on a 10-year basis.”
2017-09-25 · Capital Allocators · David Barrett – Searching for Leaders (Capital Allocators, EP.26) · IDENTIFIED FROM THE TRANSCRIPT · source
“So once a C, I'm curious about how you think about success. Because a lot of what you described in a totally different context could be the same process for hiring an investment manager. You go through the process, you think you have the right person, in this case you wire money, you have them, you know, there's a contract. And then they perform or they don't perform. And how do you do you evaluate over time the success of the people you've had in the roles?”
2017-09-25 · Capital Allocators · David Barrett – Searching for Leaders (Capital Allocators, EP.26) · IDENTIFIED FROM THE TRANSCRIPT · source
“The different alumni constituencies, and then from that, you need to have a really tight involved search committee. And typically the lead guy on that search committee is he and I are going to be attached at the hip, and that's where the real day-to-day communication is going. But the rest of the search committee is also very involved. And then from that, they're the ones that really get to two or three finalists. And then with the confidence of the rest of the investment committee will recommend two to three folks that then go to the broader the key members of the board or obviously of the administration in the case of an endowment.”
2017-09-25 · Capital Allocators · David Barrett – Searching for Leaders (Capital Allocators, EP.26) · IDENTIFIED FROM THE TRANSCRIPT · source
“Well, a successful search, you get all those other constituencies, you get all their input up front so they feel included. And then you have a really tight search committee of three, maybe four people, and they tightly control the process. And they have the trust of the investment committee and the board and all the other outside constituencies, including the...”
2017-09-25 · Capital Allocators · David Barrett – Searching for Leaders (Capital Allocators, EP.26) · IDENTIFIED FROM THE TRANSCRIPT · source
“A CIO wouldn't, the most successful CIOs are leveraging their investment committees. A good search, you were leveraging your search committee and your investment. They know as much about the many cases they'll have, especially in terms of unique insights potentially into how that person thinks as an investor, which is the hardest thing for us to really calibrate. I mean, they can have very good insights on that.”
2017-09-25 · Capital Allocators · David Barrett – Searching for Leaders (Capital Allocators, EP.26) · IDENTIFIED FROM THE TRANSCRIPT · source
“Right. So, again, every search committee is a little bit different, but typically, I think what clients are really paying us for is to have some level of conviction around the people that we are suggesting based on all the work we've done. So we'll give eight to ten, we'll typically show eight to ten profiles. We'd recommend you start with these four or five, but we'll get their feedback and we'll get their input. The key to a successful search is a partnership with the investment committee or the search committee and getting their input and feedback. I mean, it's just like a...”
2017-09-25 · Capital Allocators · David Barrett – Searching for Leaders (Capital Allocators, EP.26) · IDENTIFIED FROM THE TRANSCRIPT · source
“When I get them talking about themselves both professionally and personally. In this point in our evolution, we have a pretty good sense for where people fit into the marketplace and their backgrounds and their experiences.”
2017-09-25 · Capital Allocators · David Barrett – Searching for Leaders (Capital Allocators, EP.26) · IDENTIFIED FROM THE TRANSCRIPT · source
“It's a great question. I'm more old school in the context of I really interview around qualitative fit. I can do sort of the more quantitative analysis on the side, you know, away from the interview. So I do not do high pressure interrogation type interviews. My goal, I let Elizabeth Havens and Kaiser take care of that. Good to have partners. Yeah. No, my goal is to really build credibility and rapport with the candidate and get them to talk about themselves. And I can learn a lot about someone.”
2017-09-25 · Capital Allocators · David Barrett – Searching for Leaders (Capital Allocators, EP.26) · IDENTIFIED FROM THE TRANSCRIPT · source
“Talk about the art of interviewing. What are there things that you've developed over the years that when you're in front of someone you're trying to elicit out that you didn't know five or ten years ago?”
2017-09-25 · Capital Allocators · David Barrett – Searching for Leaders (Capital Allocators, EP.26) · IDENTIFIED FROM THE TRANSCRIPT · source
“Well, we always spend at least a couple hours with candidates before they would go in to meet the client. Our calibration process is, you know, initial phone screening, then the in-person meeting. Again, we never, critical to our credibility in the marketplace is not compromising confidentiality of candidates. Having said that, given our network, we're typically not introducing someone to a client even after we've spent time with them in person and over the phone without some sort of informal, highly confidential third party calibration in terms of our network in the marketplace around where they've worked, who's worked for them, who they work for. And again, it's incredibly sensitive because we'd be out of business if we were compromising candidate confidentiality. But again, that's one of the advantages of being in the business for a long time and having six or seven of us who”
2017-09-25 · Capital Allocators · David Barrett – Searching for Leaders (Capital Allocators, EP.26) · IDENTIFIED FROM THE TRANSCRIPT · source
“Whether it's the alternative space, hedge funds or private equity or solutions businesses within third-party managers or the family office world is a lot more fragmented and hard to get your hands around. Being able to add value in terms of finding people in those areas, that's important.”
2017-09-25 · Capital Allocators · David Barrett – Searching for Leaders (Capital Allocators, EP.26) · IDENTIFIED FROM THE TRANSCRIPT · source
“I think you have to look at just style and cultural fit and then career motivation, where someone in his or her career, why would this make sense? And then the cultural fit, you know, their team, their people management skills, their team building skills, their ability to manage committees. And then comparing that to the needs of the client are. And also in that third bucket, best athletes, you know, really thinking creatively around where could people be that might fit this mandate. And that's because, I mean, Candidly, anybody who's reasonably competent in search will know who the top 100 CIOs are across endowments and foundations and OCIOs. And they may not be as well versed as we are at the second level in terms of the up-and-comers because we do a lot of asset class stuff. But that's, you know, I think where you can really adding value is in terms of your knowledge of the market.”
2017-09-25 · Capital Allocators · David Barrett – Searching for Leaders (Capital Allocators, EP.26) · IDENTIFIED FROM THE TRANSCRIPT · source
“That's probably the trickiest part of what we do. And all that has to be factored in. We don't have the quantitative research here to be able to do all that really detailed factoring. But you have to, and the investment committee will also help us on that once we get deeper into the search. But you can't take, to your point, you can't take just standalone performance. It's not apples to apples.”
2017-09-25 · Capital Allocators · David Barrett – Searching for Leaders (Capital Allocators, EP.26) · IDENTIFIED FROM THE TRANSCRIPT · source
“Process, how do you think about a track record in that context when one of the common themes I get from having these conversations generally is that any institution has its own risk tolerance, has its own probably appropriate asset allocation strategy which will drive the lion's share of the return and what it might be for Yale, it might be completely different for Wake Forest. And as a result of that, if you're just looking at the returns, someone who is at a less risk-tolerant institution may have done better than someone who has higher returns. How do you think about calibrating that?”
2017-09-25 · Capital Allocators · David Barrett – Searching for Leaders (Capital Allocators, EP.26) · IDENTIFIED FROM THE TRANSCRIPT · source
“University of Florida, we just finished UTIMCO in Austin, University of Washington in Seattle. You look for alums of that organization or people that have maybe from the region or have reasons to be down there because the whole relocation piece is always a tricky part of the process. And then so that's still as part of that systematic review, especially the first two buckets we go through and we really try to match in terms of appropriate experience set as well as the scientific part in the CIO search really comes down to track record and looking at relative performance. It's a little harder to do with the strong number twos, but you have to look at the overall organization and their success and what that person's role has been in that process.”
2017-09-25 · Capital Allocators · David Barrett – Searching for Leaders (Capital Allocators, EP.26) · IDENTIFIED FROM THE TRANSCRIPT · source