NEPC’s Sarah Samuels was quoted in a recent Business Insider article which focuses on the stepdown of Tiger Global executive Scott Shleifer and the overarching trend of succession planning. View the article on Business Insider’s site here.
Billionaire Scott Shleifer stepped down from his role leading Tiger Global’s private investing unit.
The firm has been accused of fostering a “bro culture” that led to a $10 million settlement. Many of Tiger’s private bets have struggled thanks to rising interest rates and a global slowdown.
. . .
“Succession risk in alternative funds is much more acute in private market strategies since they’re less liquid, said Sarah Samuels, head of investment manager research for NEPC, which advises more than $1 trillion of institutional capital on which funds to back.
“Institutions are comprised of people, and they change,” said Samuels, speaking generally about leadership changes at investment managers. Typical hiccups for leadership transitions include “a lack of proactiveness and transparency,” she said.”
Click here to continue reading the full Business Insider article.