Kristof Gleich – Boutique Managers and Active ETFs at Harbor Capital (EP.411)

Capital Allocators – Inside the Institutional Investment Industry

Ted Seides – Allocator and Asset Management Expert

Investing, Capitalallocation, Business

4.8 • 806 Ratings

🗓️ 10 October 2024

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

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Summary

Kristof Gleich is the President and CIO of Harbor Capital Advisors. Harbor is a forty-year old firm that manages $62 billion by partnering with boutique active managers to roll out active ETFs, collective investment trusts, and historically, mutual funds.

Kristof joined Harbor in 2018 and watched as the actively managed mutual fund company had $22 billion of outflows, or a third of its assets, in his first year on the job. He led a turnaround of the business to transition from a traditional mutual fund company to an innovative leader in the active ETF space.

Our conversation covers the lessons Kristof learned about culture from his time at Goldman Sachs and JP Morgan, and his application of those lessons to turnaround Harbor. We discuss the challenges of making it happen, the rise of active ETFs, Harbor’s approach to standing out in a crowded field, its manager selection process, distribution, and the future of alternative investments in the ETF space.

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Transcript

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0:00.0	Hello, I'm Ted Sides, and this is Capital Allocators.
0:10.1	This show is an open exploration of the people and process behind capital allocation.
0:16.1	Through conversations with leaders in the money game, we learn how these holders of the keys to the
0:21.7	kingdom allocate their time and their capital. You can join our mailing list and access premium
0:27.8	content at capital allocators.com. All opinions expressed by TED and podcast guests are
0:35.0	solely their own opinions and do not reflect the opinion of capital
0:37.7	allocators or their firms. This podcast is for informational purposes only and should not be relied upon
0:42.5	as a basis for investment decisions. Clients of capital allocators or podcast guests may maintain
0:47.5	positions and securities discussed on this podcast. My guest on today's sponsored insight is
0:53.8	Christoph Gleisch, the president and chief investment
0:56.8	officer of Harbor Capital Advisers.
1:00.0	Harbor is a 40-year-old firm that manages $62 billion by partnering with boutique active
1:06.0	managers to roll out active ETFs, collective investment trusts, and historically mutual funds.
1:13.8	Christoph joined Harbor in 2018 and watched as the actively managed mutual fund company
1:19.9	had $22 billion of outflows for a third of his assets in just his first year on the job.
1:29.6	He led a turnaround of the business to transition from a traditional mutual fund company to an innovative leader in the active
1:34.7	ETF space. Our conversation covers the lessons Christoph learned about culture from his time
1:41.4	at Goldman Sachs and J.P. Morgan and his application of those lessons
1:45.3	to turn around Harbor. We discussed the challenges of making it happen, the rise of active
1:51.3	ETFs, Harbor's approach to standing out in a crowded field, its manager selection process,
1:57.8	distribution, and the future of alternative investments in the ETF space.
2:03.2	Before we get going, I'm excited to tell you about the 13th annual Boston Investment Conference
	...

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