What the Data Says About Founder-Led Outperformance (w/ Jack Ablin of Cresset Asset Management) | #611
Today’s guest is Jack Ablin, CIO at Cresset Asset Management, which manages over $70 billion AUM. Jack was RIA Intel’s “CIO of the Year” for 2022 and was previously the CIO at BMO for 17 years. In today’s episode, Jack walks through the ins and outs of investing in founder-led companies and what has led them to historically outperform. He also explains his approach to asset allocation, which structures portfolios based on time horizons rather than traditional asset classes. Finally, he offers an outlook for equities and fixed income next year, discusses private market opportunities, and looks at the future of Cresset Asset Management.
Key Points
- Jack Ablin discusses the importance of aligning client portfolios based on time horizons to immunize their lifestyle from market vagaries.
- Ablin emphasizes the potential benefits of investing in founder-led companies for their unique alignment of interests and risk-taking capabilities.
- He highlights the attractiveness of Japanese equities and yen due to their current undervaluation and potential for appreciation.
Follow Jack: Website; LinkedIn; X
Research on Founder-Led Companies
Family firms, founders, and the cross-section of stock returns Are Founder CEOs Better Innovators? CEO Tenure and Firm Value Founder-CEOs, Investment Decisions, and Stock Market Performance The Magic of Founder-led Companies
Research on Family Owned Companies The CS Family 1000 in 2018 The secrets of outperforming family-owned businesses: How they create value—and how you can become one Global family business report 2025
Chapters
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| 1:51 | |
| 6:40 | |
| 19:52 | |
| 26:32 | |
| 31:15 | |
| 37:01 |
Transcript
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