What Makes a Good Manager?

Clearly, the most obvious answer to this question is that a good investment manager is one who consistently meets or exceeds their performance objectives. We believe that good managers have:

• A unique alpha source that is consistently enhanced so that it cannot to be arbitraged away;
• An alpha source that can be successfully employed across all the investable opportunities, or the breadth, presented by the manager’s benchmark;
• The ability to build efficient portfolios to capture the performance consistently without constraints that drain performance.

One must also be able to identify these managers from the broader universe.

What Makes a Good Manager? (PDF)