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  • April 2019 (Revised July 2019)
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Aperture Investors

By: Krishna G. Palepu, George Serafeim and David Lane
  • Format:Print
  • | Language:English
  • | Pages:23
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Abstract

Aperture Investors is a startup investment firm that seeks to disrupt the asset management industry through competitive differentiation by charging investors primarily when its portfolio managers outperform the marketplace. Headed by Wall Street veteran Peter Kraus and backed with substantial and patient seed capital, Aperture seeks to attract both star portfolio managers and assets from mutual funds and hedge funds. Kraus believes that his innovative business model addresses the current dysfunctional fee and incentive structures in the industry, which have led to long-term market underperformance, and that Aperture will address the reasons that are motivating investors to shift to cheaper, passively-managed index and exchange-traded funds.

Keywords

Business Model; Talent and Talent Management; Investment; Investment Funds; Asset Management; Recruitment; Selection and Staffing; Marketing Channels; Emerging Markets; Partners and Partnerships; Motivation and Incentives; Financial Services Industry

Citation

Palepu, Krishna G., George Serafeim, and David Lane. "Aperture Investors." Harvard Business School Case 119-053, April 2019. (Revised July 2019.)
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About The Authors

Krishna G. Palepu

Accounting and Management
→More Publications

George Serafeim

Accounting and Management
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Related Work

    • December 2019
    • Faculty Research

    Peter Kraus, Aperture Investors

    By: Krishna G. Palepu
    • April 2019 (Revised July 2019)
    • Faculty Research

    Aperture Investors

    By: Krishna G. Palepu, George Serafeim and David Lane
Related Work
  • Peter Kraus, Aperture Investors By: Krishna G. Palepu
  • Aperture Investors By: Krishna G. Palepu, George Serafeim and David Lane
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