Our Thought Leadership

The Secret Sauce of Alignment

April 8, 2021

In our last post we wrote about broad employee ownership and how it can create structural and behavioral alignment. The reality, however, is that there are other factors that loom large and matter regardless of the underlying ownership model. The key is knowing these, taking stock of your firm’s condition and making appropriate course correction.

Skin in the Game

January 28, 2021

A while back in my career I was a capital allocator for a large manager of managers. I was fortunate to have a real-time laboratory through which to study industry practices around a whole host of issues, one of which was ownership vs compensation…

Forming Partnerships in a Pandemic

September 30, 2020

Six months into the global pandemic, with little business travel happening, it’s understandable that people in our industry are finding new ways to get business done…

Batten Down The Hatches

Managing Through Uncertainty and Disconnect…
Good Prep is Good Practice

June 12, 2020

The investment industry is in a precarious position of late, as markets have risen and appear to have run right through a wall of economic worry this quarter (yesterday notwithstanding). Secular change and pressure have been building steadily among…

Cost Management / P&L Dislocation

Implications of the COVID-19 Crisis

March 27, 2020

An issue that affects everyone in the investment management ecosystem—whether managers, intermediaries, or allocators, etc.—is the effect of revenue declines on cost structures. A number of articles have touched on the viability…

What Happened to the Commercial-Grade Investment Management Startup?

March 18, 2020

Where are the modern day Oaktrees, Silvercrests, Silchesters, Champlains, Magellans, Mawers, GMOs, etc.? As advisors and/or funders to a number of commercial-grade investment management startups—including several of the names…