I love benchmarking and for my family office clients and contacts, it's one of the bigger challenges if managing money. Measuring the efficacy of internal and external managers, against the right benchmark and with the right family communication should be a priority.
The latest Family Office Sherpa podcast covers:
Private vs Public Markets
Total Return (CPI +)
Internal vs external measures (hint, don't just take theirs)
Communicating with the family
Dealing with tracking error and underperformance
Investable benchmarks
Patient capital vs chasing returns
It's nice and short (11 mins all in) and I know it's a challenge for most clients.
For more insights into family offices and their investments, operations and technology, subscribe to the Sherpa newsletter at: hallroad.com.au.
Cheers
Shaun.
“Hall Road Investments Pty Ltd is a Corporate Authorised Representative (CAR No. 001279456) of Non Correlated Capital Pty Ltd (AFSL No. 499882). Shaun Parkin is an Authorised Representative (AR No 001279458) of Hall Road Investments Pty Ltd (CAR No. 001279456) and is authorised to provide general advice to wholesale investors”
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