December 12, 2024
The Long View—a series from GEM’s Deputy CIO, Matt Bank— explores a range of topics relevant to the fiduciaries and allocators of institutional capital.
In Part I of his three-part series on the Endowment Model, Deputy CIO Matt Bank discussed the problems with characterizing the model in static, monolithic terms, arguing for a more flexible and nuanced definition.
In Part II, he described some of the flaws in conventional ways that endowment portfolios are measured and evaluated, proposing instead a distinct set of guidelines for determining success.
In this final Part III, Bank examines what it will likely take to be successful investing endowment-style portfolios over the next decade. Even as markets become more competitive every day, he explains why he believes that a combination of institutionally driven portfolio construction, manager sourcing intensity, process efficiency, and organizational alignment is a clear path to differentiated success.
In this Q&A with Buyouts, Caroline Dallas discusses the outlook for emerging manager fundraising in 2025. She explains why this cohort represents such a compelling investment opportunity and how GEM seeks to identify the next generation of investment talent.
In our 2025 Outlook, the GEM team examines the key policy shifts and market trends set to shape the economic landscape in the new year, and outlines how we are strategically positioning client portfolios as a result.
Deputy CIO Matt Bank concludes his three-part series on the Endowment Model with an exploration of the attributes that will be required to effectively invest an endowment-style portfolio over the next decade.
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