December 11, 2025
The Long View—a series from GEM’s Co-CIO, Matt Bank— explores a range of topics relevant to the fiduciaries and allocators of institutional capital.
Despite buoyant markets and tight credit spreads, long-term investors face an environment defined by uncertainty, structural shifts, and persistent bouts of volatility. In this installment of The Long View, Matt argues that risk management is not a defensive add-on—it is the central craft of investing.
Bank examines how today’s conditions underscore the need for a holistic risk framework centered on:
• A well-articulated investment policy,
• A disciplined approach to rebalancing,
• The flexibility to act when odds temporarily shift, and
• A culture that enables clarity, candor, and decisive action.
The result is a practical guide for institutions seeking to steward capital across generations.
In this edition of The Long View, Co-CIO Matt Bank explains why managing risk with structure, discipline, and flexibility is essential for long-term investors, and how GEM’s approach helps portfolios endure uncertainty.
In an interview with FundFire, GEM’s Co-CIO, Matt Bank, addresses critiques of the endowment model and explains why disciplined execution in private markets remains essential to long-term success.
Head of Investments Jay Ripley joined Ted Seides on the Capital Allocators podcast to discuss his path from private equity to GEM, the firm’s approach to backing emerging managers and independent sponsors, and the importance of strong manager selection amid growing dispersion.
Let’s start a conversation about how we can help.
