This is a summary of a session from the Money Management Institute’s 2012 Fall Solution Conference. This is part two of a two-part series. You can read part one here.
What is the makeup of your analyst team?
Raimer’s due diligence team is comprised of six people, all with very different backgrounds. Some are CFAs, some are MBAs, there’s a former wholesaler, a former relationship manager, and a former product manager. They play off each other’s strengths and also do a lot of cross training, he said.
Managing a portfolio manager’s time is always a challenge, Raimer observed. If an analyst insists on meeting with the portfolio manager, Raimer first tries to deflect, by reminding them that they would rather the portfolio managers spend their time researching future trades. Everyone on the team can deliver the introductory discussion around every investment strategy that they offer and this takes some of the workload off the portfolio managers. They also have portfolio specialists and product managers and try to do everything they can to only take the PMs away from their desk when they really need to, he insisted.