Hug Your COO (Gravitas)

KEYWORDS:

Authors:

Jayesh Punater, founder and CEO, Gravitas

Organizations:
  • Gravitas

Summary:

The role of the COO is becoming more and more paramount in an increasingly volatile, competitive, and regulated market landscape. Historically, money management activities, followed by marketing and raising capital, have been the most important activities for a fund. However, now, the role of the fund’s operating platform, and hence that of the COO, is equally important for investors, regulators, and the funds.

While the PM is responsible for taking the right risks to bring in alpha, the COO’s job is to mitigate operational risk and ensure operational stability – both necessary to any firm’s success.