One of the most interesting asset managers in Europe has made it to America.
Matteo Scolari and Nikhil Srinivasan, two longtime Exor-connected investors, manage their own books.
This proposition has been enticing to portfolio managers as well as prospective backers.
In an interview with BI, he said the structure set the firm apart.
“I think that’s really important I really believe in this approach,” he added.
Lingotto employs multiple investors who operate quasi-independently of each other, like Citadel and Millennium.
But the similarities between Lingotto and the biggest hedge funds end there.
At Lingotto, the ultimate authority over its four strategies lies with the heads of said strategies.
There’s no firmwide chief investment officer but four different CIOs.
“I really liked the idea of the autonomy,” Anderson said in an interview with BI.
“We’re not scared of volatility,” Samet said.
“We see that as more of an opportunity, " she added.
“Above all, we think and act as principals rather than agents,” he wrote.
“The stresses created are our own stresses,” he added.
Chan, a former BlackRock private-markets executive, is an example.
“Novelty is a big part of what we do,” she said.
She was early into the music-rights business, something massive asset managers like KKR have now gotten into.
She said Lingotto’s structure gives her the bandwidth to do that by “allowing investors to invest.”
It fits neatly into Vellano’s vision.
