Why Banks Are Increasing Private Market Exposure—A Manager Research View from PNC Bank

The podcast explores effective manager research and team building within investment firms. Scott Lavelle, Managing Director and Head of Investment Advisor Research and Product Management at PNC Bank, shares insights from his career, including lessons from his early days as a trader, emphasizing the importance of accountability and well-reasoned decision-making. Lavelle highlights the blend of quantitative analysis ("Moneyball") and qualitative assessment needed to evaluate managers, with a focus on self-awareness and team dynamics. He also touches on PNC's approach to balancing active and passive investments, the role of hedge funds, and the increasing interest in private market exposure for retail portfolios.