All the Hacks · Wednesday, October 21, 2026
Tad Fallows and Chris Hutchins discussed findings from reviewing over 60 private market investments through Long Angle, revealing that the most established investment managers achieve better net returns by reducing losses compared to emerging managers.
“we found, and this was really, you know, to my surprise, is the strongest linear correlation. was the more established the manager, the better the returns.”
“the hit rate on those tiny emergency managers, sort of two guys in the garage... versus that manager who has been around through a number of downturns... you're significantly better off avoiding the losses”