When Dr. Russell Read became CIO of Alaska Permanent, he was handed the reins of a $78 billion fund with a 35 year history or below average returns.
In the latest episode of the 10X Capital Podcast, Dr. Read gives us an inside look at his mandate when he took on this role. The fund had been a 3rd and 4th quartile performer for 35 straight years. The reason? A 'don't lose money' mindset that had become an artifact of the state's long-time success.
It's a fascinating case study that raises questions about risk, reward, and the true cost of playing it safe in the investment world.
Tune in to the full episode to hear Dr. Read's insights on private markets investing and his approach to turning around the fund's performance.
