Capital Allocators – Inside the Institutional Investment Industry Mark Baumgartner – Allocating in a Crisis at IAS (Capital Allocators, EP.128)
Apr 2, 2020
Mark Baumgartner, CIO of the Institute for Advanced Study, expertly manages a $1 billion portfolio. He shares his strategic approach to navigating financial crises, highlighting the evolution of communication within his team during turbulent times. Mark discusses the significance of trusting existing managers while exploring new opportunities in private credit and distressed assets. He also emphasizes the balance between intuition and data when assessing risks and adapting portfolios, all while maintaining invaluable industry relationships.
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Communicating with Managers
- Communicate with managers delicately, being mindful of their own challenges.
- Offer support and be a resource, while proactively inquiring about potential issues.
Effective Communication
- Avoid tone-deaf communication, especially automated messages that lack empathy.
- Don't offer empty platitudes; instead, provide valuable insights and support.
Highlighting Opportunities
- When communicating opportunities, highlight what has changed, why it's compelling, and your current thinking.
- Concise, empathetic, and transparent communication is most effective.
