James River Capital Corporation is a Richmond, Virginia-based company that offers alternative investment opportunities. It started out as a division of Kidder, Peabody & Company, Inc. in 1986 and in 1995 it was cut loose as an independent investment company. Two of the senior leaders in this division, Keven Brandt and Paul Saunders, took this company independent when they bought it from Kidder. This happened at the same time that Kidder had been acquired by the financial giant Paine Webber.
James River Capital is registered with the SEC as an investment advisory service. Their investment philosophy includes investing in alternative assets that are not very correlated with stock or bond markets. They offer ways for investors to diversify their financial portfolios by including assets such as distressed debt, convertible arbitrage, event driven strategies, global macroeconomic strategies, and corporate credit. They have more than $570 million in assets under management as of July 1, 2018.
They recently published an article about how to improve one’s leadership style. Many people in leadership positions make three mistakes that, when corrected, result in someone who can most effectively lead teams and achieve positive results. The team at James River Capital points to a number of studies that have been published showing how making three changes in approach to leadership can achieve great things.
The first of these is to support the members of your team rather than making the mistake of trying to lead them. This strategy is taught to the leaders at Facebook among other large firms. It’s just a one work shift from “lead” to “support” and yet it makes all the difference in the world. It completely changes how a person views leadership and what their role is.
The second change is to welcome and encourage people to provide critical feedback to their managers. Most workers are in a situation where they will get in trouble saying something negative about their managers and so 85% won’t do it. However, Google researched this topic and found that when workers are free to explain why and how their managers can improve the whole company benefits.
Finally, leaders need to take on an opinion that everyone’s opinion matters. Everyone should be able to freely express their opinions during meetings and at other times because everyone has something to contribute. One good idea is to invite quiet people to talk during meetings so that the more vocal people don’t take up all of the oxygen in the room. Learn more: https://www.levo.com/paul-saunders