E24: The Long Story Part 2 - Interview with Larry Powell of LP Institutional, Inc.
Summary
In this conversation, Larry Powell shares his insights on evaluating investment managers, emphasizing the importance of maintaining control over assets, understanding the differences between managed accounts and commingled funds, and the necessity of thorough due diligence. He discusses the evolution of investment platforms, the significance of a manager's location, and the value of geographic diversification in investment strategies. Larry stresses that investors should not solely rely on consultants but should conduct their own research to mitigate risks, especially in the context of potential fraud.
Sponsored by:
Real Advisers, Austin, Texas
Real Advisers, Austin, Texas
Special thanks to:
Larry Powell: https://www.linkedin.com/in/lrpowell
For more information: AltInvestingMadeEasy.com
Please contact us: info@AltIvestingMadeEasy.com
Roland Wiederanders: Roland@grablemartin.com
Sarah Florer: sflorer@grablemartin.com
Takeaways
- Do not give up control of your assets.
- Managed accounts provide better transparency and control.
- The risk of fraud is significantly lower with managed accounts.
- Investors should conduct their own due diligence.
- Location of fund managers can indicate their priorities.
- Ongoing due diligence is crucial for hedge fund investments.
- Geographic diversification helps avoid redundant investment philosophies.
- Investors should verify information rather than trust blindly.
- Understanding the long story of a manager is essential.
- The evolution of investment platforms reflects investor demand.
Chapters
00:00 Understanding Managed Accounts vs. Commingled Funds
08:19 The Evolution of Investment Platforms
10:15 The Importance of Location for Fund Managers
23:04 The Necessity of Due Diligence
35:21 The Value of Geographic Diversification
Disclaimer: “This production is for educational purposes only and is not intended as investment or legal advice.”
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Creators and Guests
Host
Roland Wiederaenders
Co-founder of the Alt Investing Made Easy podcast, investment advisor, and corporate securities attorney with expertise in private investment funds, corporate/securities issues, mergers and acquisitions, partnership structuring, and federal income tax matters. Roland is also a member of Grable Martin PLLC.
Host
Sarah Florer
Co-founder of the Alt Investing Made Easy podcast, investment advisor, and corporate attorney with expertise in corporate finance and securities, structuring and restructuring, and commercial matters. Sarah is also a member of Grable Martin PLLC.
Producer
Anthony Carrano
Co-founder of the Alt Investing Made Easy podcast, fractional Chief Marketing Officer, entrepreneur, and Managing Partner at Dunamis Marketing.
