10X Capital Podcast
The 10X Capital podcast interviews the world's premier institutional investors to deliver insights on how they manage their capital. Interview topics include investment decision frameworks, capital allocation strategies, GP/LP relationships and many more.
E73: John Merrill on GroveStreet’s $10.5 Billion Investment Strategy
John Merrill, Partner at GroveStreet sits down with David Weisburd to discuss GroveStreet’s $10.5B SMA model. In addition, they talk about the keys to building long-term SMA relationships, a highly selective set of criteria for managers and reasons why GP’s should prefer rigorous, discerning LPs vs. fast-followers.
Key Points
- Institutional investors can benefit significantly from highly customized, separately managed accounts (SMAs) that offer efficiency, alignment, and the ability to tailor investments to specific needs.
- John Merrill emphasizes the importance of selecting managers with unique abilities to assess and access opportunities, ensuring a deep understanding of their investment landscape and maintaining high ethical standards.
- David Swensen's approach at Yale highlights the critical role of first principles thinking, rigorous analysis, and an eye for identifying and nurturing talent, which are essential for long-term success in endowment management.
Chapters
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| 1:00 | |
| 2:50 | |
| 5:03 | |
| 6:30 | |
| 11:29 | |
| 13:25 | |
| 14:44 | |
| 16:24 | |
| 18:08 | |
| 20:14 | |
| 23:41 | |
| 25:11 | |
| 31:02 |
Transcript
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