“Bedrock of what we did as a generalist was that every investment opportunity was evaluated in its cleanest forms, which was what's its equity beta, what's the liquidity and what's the cost of that and what's its leverage.”
Columbia Investment Management, generalist team · Capital Allocators - Inside the Institutional Investment Industry · Senior Decision Makers: Erlina Yeo Terwelp, Columbia Investment Management Company
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What was described
evaluate every investment opportunity using its cleanest forms: equity beta, liquidity, cost, and leverage
Said nearby on the same subject
“It was less common back then to manage to an equity beta or a range as more of a form of dynamic risk management. That's what TPA is bringing into the system.”
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Said on Capital Allocators - Inside the Institutional Investment Industry
“I wouldn't use the funds to buy investment properties. I'd be using the funds to reduce my owner-occupied debt and then leveraging to buy investment properties.”
“Number one would be not taking equity out early enough… it costs you nothing to do that process… if valuations come back good, you can pull out cash to invest”