Capital Allocators – Inside the Institutional Investment Industry Julia Bonafede – Rosetta Analytics (Manager Meetings, EP.04)
Jul 29, 2021
Julia Bonafede, Co-founder of Rosetta Analytics and former President of Wilshire Consulting, joins Jim Dunn, CEO and CIO of Verger Capital. They discuss the transformative impact of AI in investment strategies, focusing on neural networks and reinforcement learning. Julia shares insights on the challenges in adopting AI for asset management and the evolution of investment consulting. Jim reveals why he invested in Rosetta and how it fits into Verger’s portfolio. Their conversation also touches on the importance of adaptive strategies in managing risk and optimizing returns.
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Fiduciary Responsibility
- Fiduciary responsibility prioritizes beneficiaries' best interests, often requiring long-term perspectives.
- Consultants help navigate market cycles and find solutions tailored to specific fund circumstances.
Evolution of Consulting
- The consulting business faces fee pressures and increasing complexity, leading to a shift towards OCIO services.
- Consultants balance providing valuable advice with the sometimes conflicting need for scalable solutions.
Future of Asset Management
- Traditional asset classes face challenges with low yields and high valuations, driving flows to private assets.
- The asset management industry is likely due for a correction given current market conditions.