About this episode

David Weisburd interviews John-Austin Saviano about the misconceptions GPs have regarding institutional LPs and the importance of understanding investment processes over track records.

Why do so many GPs misunderstand what institutional LPs actually care about? David sits down with John-Austin Saviano, an Backing & Building Challenger Investment Firms and Former Endowment CIO, argues that one of the biggest mistakes GPs make is overemphasizing track record. Great LPs care less about the headline returns than how those returns were generated. They want to understand the investment process, whether it is repeatable, and whether the people and market conditions that produced past performance still exist today.

People in this episode

Host: David Weisburd

Guest: John-Austin Saviano

Topics covered

• institutional LPs
• track records
• contrarian investing
• investment process
• first-time funds

Keywords

• GPs
• institutional LPs
• track record
• investment process
• headline returns
• repeatable process
• market conditions

Mentioned in this episode

Organizations: Berkeley Endowment, Backing & Building Challenger Investment Firms

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