The Big Picture

DECEMBER 6, 2022

And I did the math, and I think at that point in time, roughly speaking, assets in ETS were roughly just 10 percent, 12 percent of assets in mutual funds and I was pretty convinced that that number was to increase significantly. So let’s talk about managing through volatility. 2020 was a huge year. BERRUGA: Yeah.

Clients 159

Clients Investing Investments Management 159

The Big Picture

MAY 9, 2023

So I took it upon myself to go off and took a course in bond math, took another course in derivatives and realized the underlying fundamental concepts were barely, I mean, it wasn’t even high school math in most cases. I didn’t know what any of these terms meant. And I thought, great, I just made partner.

Assets 296

Assets Clients Investing Investments 296

Brown Advisory

JANUARY 17, 2024

Even with 75% accuracy we only move from an investable universe where 30% of constituents outperform to now selecting the portfolio from a pool with a 56% win rate. We all know that a 55% hit rate is the top decile across the industry, and the maths above demonstrates why. This is why industry hit rates are so low.

Investing 52

Investing Investments Portfolio Compliance 52

The Big Picture

AUGUST 20, 2024

00:03:14 [Mike Greene] So that was actually an outgrowth from my experience coming out of Wharton and you mentioned the, the, you know, the transition of people who tended to be skilled at math or physics into finance. So I, as a discretionary portfolio manager, if you hand me cash, I can look at the market and say, you know what?

Assets 170

Assets Management Portfolio Taxes 170

The Big Picture

AUGUST 29, 2023

But it was a tremendous experience because I had started off in bond trading, worked my way into portfolio management and running the bond indexing team for a number of years, and then I got asked to take this responsibility, which was much broader. What does that do in terms of resetting the cycle? Just buy stocks that are going up.

Portfolio 130

Portfolio Investing Investments Numbers 130

The Big Picture

MARCH 27, 2023

She was a partner and a portfolio manager at Canyon Capital, a firm that runs currently about $25 billion. And so if you compare that to today, if you remember Oaktree raised $15 billion fund in 2020, on its own. If you think of the biggest bankruptcy in 2020 was Hertz. So the magnitude is not even comparable.

Assets 283

Assets Investing Investments Management 283

The Big Picture

DECEMBER 12, 2023

And I was a math nerd as a kid. ’cause and, and this isn’t a, a beat obsession on arc, but since in inception she’s underperformed the s and p 500, including one year, I think it was 2020 where she was up something like 168%. So, so you set to retire as portfolio manager this year, you mentioned your two successors.

Management 262

Management Investing Investments Retail 262