Ex-AllianceBernstein CEO's New Firm Aperture Bets on Humans

The video discusses a new investment firm that has raised $4 billion from Generali. The firm plans to offer a range of investment strategies with a unique fee structure aligned with client performance. The industry is shifting towards performance-based fees, posing challenges for traditional portfolio managers. The firm aims to attract talent willing to work under this model and believes in the potential of active management to outperform passive strategies. The competitive advantage lies in aligning with client objectives and limiting fund capacity to ensure performance.

What are the investment strategies that the new firm plans to offer?

What is the significance of aligning the firm's revenue model with clients' objectives?

How does the fee structure of the new firm differ from traditional mutual funds?

What challenges do portfolio managers face when transitioning to a performance-based fee structure?

How does the new firm plan to attract talented portfolio managers?

What are the potential impacts of having too many assets under management for portfolio managers?

What are the reasons behind the interest from the Italian insurer Generali?