E244: Structural Alpha vs. Storytelling w/Alan McKnight

In this episode of How I Invest, David Weisburd interviews Alan McKnight, CIO of Regions Banks, about advising different asset classes, particularly pension funds and smaller family offices. McKnight emphasizes the importance of understanding a client's willingness and ability to bear illiquidity, as it directly impacts potential returns, especially in private equity. They discuss the increasing access smaller investors have to private investments due to technology, and the challenges smaller managers face in reaching this market. The conversation covers interval funds, their liquidity features, and potential restrictions. They also delve into behavioral economics, the importance of process over outcome accountability, and the role of trust in investment decisions, highlighting the need for a global perspective with local action.