Capital Allocators

Capital Allocators

tedseides.libsyn.com/website
Capital Allocators with Ted Seides


Luke Ellis and Mario Therrien – Best Practices in Alternatives (Capital Allocators, EP.158)
Sep 28 • 58 min
Luke Ellis and Mario Therrien are long-time veterans of the hedge fund industry who hold the Chairman and Deputy Chairman seats of the SBAI, or Standards Board of Alternative Investments. The SBAI is an industry consortium that brings together…
[REPLAY] Mario Therrien – The Canadian Pension Model (Capital Allocators, EP.12)
Sep 28 • 49 min
Mario Therrien is Senior Vice President of External Portfolio Management at Canadian asset manager Caisse de dépôt et placement du Québec (CDP). CDP oversees $270 billion Canadian ($200B in USD) for the pension funds in the province of Quebec….
Paul Marshall – 10 ½ Lessons from 23 years at Marshall Wace (Capital Allocators, EP.157)
Sep 21 • 52 min
Sir Paul Marshall is a co-founder and Chairman of Marshall Wace Asst Management, which is Europe’s largest hedge fund overseeing $48 billion. The firm specializes in long-short equity management and notably combines fundamental investing with…
Annie Duke – How to Decide (Capital Allocators, EP.156)
Sep 14 • 96 min
Annie Duke, former professional poker player, decision-making expert, best-selling author, and regular guest on the show. Annie’s latest masterpiece is her book entitled How to Decide: Simple Tools for Making Better Choices, and it releases next…
[REPLAY] Gary Klein with Paul Sonkin and Paul Johnson – Conducting Pre-Mortem Analysis (Capital Allocators, EP.109)
Sep 14 • 49 min
Gary Klein is a noted cognitive psychologist with an innate ability to see what others don’t. Over his 40-year career in the field, he’s pioneered the field of naturalistic decision making, the Pre-Mortem method of risk assessment, and the…
[REPLAY] Annie Duke – Thinking More in Bets (Capital Allocators, EP.76)
Sep 14 • 46 min
My guest on today’s show once again is Annie Duke, decision-making expert, former world-famous poker player, and author of the best seller, Thinking in Bets. I had a chance to interview Annie at The Investment Institute’s Fall Forum in…
[REPLAY] Annie Duke - Improving Decision Making [Capital Allocators, EP.39]
Sep 14 • 59 min
Annie Duke is a renown public speaker and decision strategist. For two decades, she was one of the top poker players in the world, including winning a World Series of Poker bracelet and the $2 million winner-take-all WSOP Tournament of Champions. Her…
Morgan Housel – The Psychology of Money (Capital Allocators, EP.155)
Sep 7 • 64 min
Morgan Housel is a partner at Collaborative Fund and one of my favorite writers about investing. Morgan recently released his first book, The Psychology of Money, and I’ll go on record and predict it will be a best-seller in short order. Our…
Diversity, Equity & Inclusion 4: Joel Wittenberg – A Prescription for the Future (Capital Allocators, EP.154)
Aug 31 • 53 min
Joel Wittenberg is the chief investment officer and vice president of W.K. Kellogg Foundation, where he has managed the foundation’s $8 billion in assets since 2009. The Kellogg Foundation is guided by the belief that all children should have an equal…
SPECIAL EPISODE – Introducing Invisible Forces Podcast
Aug 27 • 30 min
Today’s show is an episode of another podcast called Invisible Forces. It’s hosted by insiders at Jefferies, Shannon Murphy and Erin Shea, who dive into unseen influences that are dramatically changing the global economy. Season 2 looks five…
Diversity, Equity & Inclusion 3: Shundrawn Thomas – Leading the Way (Capital Allocators, EP.153)
Aug 24 • 63 min
Shundrawn Thomas, President of Northern Trust Asset Management, where he oversees the $900 billion organization. Shundrawn joined Northern Trust Corporation in 2004 and rose to the leadership team in 2008. Over the last 8 years, he has hired and…
Diversity, Equity & Inclusion 2: Kim Lew – The Opportunity and Challenge (Capital Allocators, EP.152)
Aug 17 • 51 min
Kim Lew is the highly regarded Chief Investment Officer of Carnegie Corporation and a two-time former guest on the show. Our conversation starts with Kim’s childhood and early career experience with conscious and subconscious bias. We then turn to…
[REPLAY] Kim Lew – The Carnegie Way (Capital Allocators, EP.52)
Aug 17 • 70 min
Kim Lew is the Vice President and CIO of Carnegie Corporation, where she is responsible for the investment and oversight of the Corporation’s $3.5 billion Foundation. Kim joined Carnegie in 2007 after spending a dozen years at the Ford Foundation….
Diversity, Equity & Inclusion 1: Jacob Walthour – A Blueprint for Diversity (Capital Allocators, EP.151)
Aug 10 • 67 min
Jake Walthour is the Co-Founder and CEO of Blueprint Capital Advisors, an alternative investment manager that advises, sources, and oversees portfolios of managers on behalf of institutional clients. Jake launched Blueprint after two decades of…
Matthew Granade – Inside Data Science at Point72 (First Meeting, EP.22)
Aug 3 • 49 min
Matthew Granade is Chief Market Intelligence Officer at Point72 and the Managing Partner of Point72 Ventures. Matthew oversees all proprietary research and data efforts at the firm, manages several of the internal systematic strategies, leads early…
Randall Stutman - Admired Leadership (Capital Allocators, EP.150)
Jul 27 • 65 min
Randall Stutman is founder and co-head of the Leadership Practice at CRA. and the Admired Leadership Institute. Randall is probably the top executive coach that you’ve never heard of before. He’s spent 30 years coaching and learning about the…
Taimur Hyat – After the Great Lockdown (Capital Allocators, EP.149)
Jul 20 • 60 min
Taimur Hyat is the Chief Operating Officer at PGIM, a $1.3 trillion asset manager across public equity and fixed income, private credit, real estate and alternative strategies. Alongside President and CEO, David Hunt, Taimur distills insights from…
Adam Fisher – Blending Global Macro and Real Estate at Commonwealth Asset Management (First Meeting, EP.21)
Jul 13 • 60 min
Adam Fisher is the CIO of Commonwealth Asset Management, which he founded as Commonwealth Opportunity Capital in 2008 and re-launched in 2019 after a two-year interlude Soros Fund Management. Commonwealth manages both a global macro hedge fund and…
Sustainable Investing 10: Hiro Mizuno – Changing the Game (Capital Allocators, EP.148)
Jul 9 • 60 min
Hiro Mizuno is the recently departed Executive Managing Director and Chief Investment Officer of GPIF, Japan’s $1.5 trillion Government Pension Investment Fund, which is the largest pool of institutional capital in the world. In taking the seat five…
Sustainable Investing 9: Reuben Munger – Private Capital Perspective (Capital Allocators, EP.147)
Jul 6 • 53 min
Reuben Munger is the Managing Partner of Vision Ridge Capital, a private investment firm with over $1 billion in assets that focuses on sustainable real assets. Reuben started Vision Ridge in 2008 after a decade of value investing experience at The…
Sustainable Investing 8: Lauren Taylor Wolfe – Activist Perspective (Capital Allocators, EP.146)
Jul 2 • 49 min
Lauren Taylor Wolfe is co-founder and Managing Partner of Impactive Capital, an activist hedge fund that engages with companies to drive long-term sustainable returns. Impactive employs a breadth of tools common to activist strategies, working with…
Sustainable Investing 7: Tony Davis – Hedge Fund Perspective at Inherent Group (Capital Allocators, EP.145)
Jun 29 • 54 min
Tony Davis is the CEO and Chief Investment Officer of Inherent Group, a value-oriented hedge fund that invests across the capital structure and uses ESG factors to source and underwrite its investments. Prior to founding Inherent Group, Tony was…
Sustainable Investing 6: Richard Lawrence - ESG Integration at Overlook (Capital Allocators, EP.144)
Jun 25 • 45 min
Richard Lawrence is the Executive Chairman of Overlook Investments, a leading value-oriented investment firm in Asia that he founded in 1991. Richard was an early guest on the show telling Overlook’s story, and that conversation follows in the feed….
[REPLAY] Richard Lawrence – Compounding in Asia (Capital Allocators, EP.21)
Jun 25 • 59 min
Richard Lawrence is the Chairman and Executive Director of The Overlook Group, a $5 billion investment organization focused on Asian equities that Richard founded in 1991. Over the past quarter-century, Overlook developed and implemented disciplined…
Sustainable Investing 5: David Blood - Pioneering a Generation (Capital Allocators, EP.143)
Jun 22 • 56 min
David Blood is co-founder and Senior Partner of Generation Investment Management, a pioneering sustainable investing firm he started with seven partners in 2004, including Vice President Al Gore. Our conversation covers the importance of culture in…
Sustainable Investing 4: Emanuel Citron – Sourcing Sustainable Managers (Capital Allocators, EP.142)
Jun 18 • 47 min
Manny Citron is Managing Partner at Volery Capital, a private equity firm he co-founded in 2017 to invest in asset management businesses and companies that generate positive social and environmental impact. Manny and his team have canvassed a…
Sustainable Investing 3: Bob Litterman – Pricing Climate Risk (Capital Allocators, EP.141)
Jun 15 • 54 min
Bob Litterman is a founding partner and Chairman of the Risk Committee at Kepos Capital. Prior to Kepos, he spent 23 years at Goldman Sachs, where his roles included heading the firm-wide risk function and the Quantitative Investment Strategies Group…
Sustainable Investing 2: Liqian Ma – Allocator Perspective (Capital Allocators, EP.140)
Jun 11 • 66 min
Liqian Ma is the Head of Impact Investing Research at Cambridge Associates. Liqian developed an early interest in the climate growing up in a coal-dependent city in China. He began focusing on sustainable investing over a decade ago and leads…
Sustainable Investing 1: Wendy Cromwell – The $170 Trillion Opportunity (Capital Allocators, EP.139)
Jun 8 • 70 min
Wendy Cromwell is Vice-Chair of Wellington Management and the Director of Sustainable Investment at the firm. She joined Wellington out of business school 25 years ago and has been there ever since. A year and a half ago, Wendy also became one of two…
[REPLAY] Jean Hynes – Inside Wellington Management (Capital Allocators, EP.82)
Jun 8 • 52 min
Jean Hynes is a Managing Partner at Wellington Management, where she one of three people responsible for the governance of Wellington’s storied partnership. Jean also is the sector leader of the firm’s healthcare team that manages the…
Clarke Futch – Healthcare Royalty Partners (First Meeting, EP.20)
Jun 1 • 58 min
Clarke Futch is a co-founder, Managing Partner and Chairman of the Investment Committee at Healthcare Royalty Partners, an investment firm that purchases royalties and uses debt-like instruments to generate non-correlated return streams from…
Brett Jefferson – Inefficiencies in Structured Credit at Hildene Capital Management (First Meeting, EP.19)
May 25 • 72 min
Brett Jefferson is the President and Co-CIO of Hildene Capital Management, an asset manager he founded in 2008 that oversees $9 billion in structured credit strategies and was listed in Barron’s Top 100 Annual Hedge Funds ranking for six consecutive…
[REPLAY] Paul Rabil - Lacrosse and Entrepreneurship (Capital Allocators, EP.95)
May 25 • 58 min
Paul Rabil is the co-founder and CEO of the Premier Lacrosse League or PLL, a new tour-based league of the top professional lacrosse players in the world that will debut on June 1st. Paul was the #1 player in the draft for Major League Lacrosse…
Daylian Cain – Master Class in Negotiations (Capital Allocators, EP.138)
May 18 • 64 min
Daylian Cain is a Senior Lecturer in Negotiations and Ethics at the Yale University School of Management. His research focuses on “judgment and decision-making” and “behavioral business ethics.” In other words, he studies the reasons why smart…
Laurence Siegel – Current Myths and Long-Term Optimism (Capital Allocators, EP.137)
May 11 • 59 min
Larry Siegel is the Gary Brinson director of research at the CFA Institute Research Foundation and an independent consultant, writer and speaker. Before his “retirement”, he spent fifteen years as the head of research at the Ford Foundation and a…
Daniel Adamson – Innovation from Asset Giants at Capital Constellation (EP.136)
May 4 • 63 min
Daniel Adamson is a Senior Managing Director at Wafra and the President of Capital Constellation, a joint venture between mega asset owners in Europe, North America and the Middle East that invests in the next generation of private equity managers….
Tim McCusker – Advising Through a Crisis at NEPC (Capital Allocators, EP.135)
Apr 30 • 20 min
Tim McCusker is the Chief Investment Officer at consulting powerhouse NEPC, who serves 350 clients with total assets over $1.2 trillion. Tim joined me for the last of our special updates from the field during this unique and challenging period. Our…
[REPLAY] Tim McCusker – Consistency and Creativity as CIO at NEPC (Capital Allocators, EP. 80)
Apr 30 • 57 min
Tim McCusker is the Chief Investment Officer at NEPC, an investment consultant that advises on $1 trillion in assets on behalf of 400 institutional clients. Tim oversees NEPC’s 50-person investment research team and leads investment strategy…
Michael Mervosh - Investing in Yourself During a Crisis (Capital Allocators, EP.134)
Apr 27 • 31 min
Michael Mervosh, clinical psychologist and founder of the Hero’s Journey Foundation. Michael joined me to talk about how people are managing their way through the crisis. Our conversation covers the unexpected resonance of shelter-in-place, facing…
[REPLAY] Michael Mervosh – Invest in Yourself (Capital Allocators, EP.68)
Apr 27 • 72 min
Both times I was interviewed (by and ) and shared those conversations on Capital Allocators, I made reference to a special experience I’ve participated in for the last five years called the Hero’s Journey. The weeklong journey in…
Andrew Golden – Navigating Princeton’s Endowment Through (Another) Crisis (Capital Allocators, EP.133)
Apr 23 • 31 min
Andy Golden is the President of PRINCO, where he has overseen the management of Princeton University’s $25 billion endowment since 1995. He was an early guest on the show and came back to discuss steering the ship in this tricky time. Our…
[REPLAY] Andrew Golden - Princeton University’s Chief Investing Tiger (Capital Allocators, EP.13)
Apr 23 • 72 min
After getting some great feedback from the replay of my conversation with Scott Malpass, I am going to repeat some gems from the past every few months. This week I picked out my conversation with Andy Golden, the venerable head of Princeton’s 24…
Annie Duke – Decision Making in a Crisis (Capital Allocators, EP.132)
Apr 20 • 38 min
My friend Brian Portnoy recently put together a Zoom call where he and Jonathan Novy interviewed Annie Duke about decision making in the crisis. Brian was a long-time fund investor and has authored two books in the field of behavioral finance. He and…
[REPLAY] Annie Duke - Improving Decision Making [Capital Allocators, EP.39]
Apr 20 • 60 min
Annie Duke is a renown public speaker and decision strategist. For two decades, she was one of the top poker players in the world, including winning a World Series of Poker bracelet and the $2 million winner-take-all WSOP Tournament of Champions. Her…
[REPLAY] Brian Portnoy – From Complex to Simple (Capital Allocators, EP.57)
Apr 20 • 60 min
Brian Portnoy Brian is currently the Director of Investment Education at $100B investment solutions provider Virtus Investment Partners, where he strives to simplify the complex world of money in an effort to help investors make better…
[REPLAY] Annie Duke – Thinking More in Bets (Capital Allocators, EP.76)
Apr 20 • 47 min
My guest on today’s show once again is Annie Duke, decision-making expert, former world-famous poker player, and author of the best seller, Thinking in Bets. I had a chance to interview Annie at The Investment Institute’s Fall Forum in…
Sandra Robertson – Calibrating Oxford’s Portfolio in a Crisis (Capital Allocators, EP.131)
Apr 16 • 14 min
Sandra Robertson, OU Endowment Management’s esteemed CEO and CIO, rejoined me for an update on how she and her team have been navigating the markets. It’s quick and chock full of wisdom, including her priorities, calibration of the portfolio,…
Sandra Robertson – Oxford’s Queen of Endowment Management (Capital Allocators, EP.130)
Apr 13 • 61 min
Sandra Robertson is the CEO and Chief Investment Officer of OU Endowment Management Ltd, a subsidiary company of the University of Oxford that manages the 4 billion GBP Oxford Endowment Fund. Simply put, she is one of the most respected endowment…
Steve Nelson – Assisting Private Equity Allocators Through Turbulent Times at ILPA (Capital Allocators, EP.129)
Apr 9 • 30 min
Steve Nelson is CEO of the Institutional Limited Partners Association or ILPA, a non-profit that engages, empowers and connects limited partners (LPs) to maximize their performance. It has over 500 member institutions that represent $2 trillion…
Eric Peters – Trading and Evolution at One River (First Meeting, EP.18)
Apr 6 • 49 min
Eric Peters is the founder and CIO One River Asset Management, an investment manager dedicated to delivering high conviction absolute-return strategies, where each individual strategy comes out of the team’s expertise in thematic macro, volatility,…
Mark Baumgartner – Allocating in a Crisis at IAS (Capital Allocators, EP.128)
Apr 2 • 26 min
Mark Baumgartner is the CIO of the Institute for Advanced Study, where he oversees a $1 billion portfolio. I reached out to Mark in this rapidly changing environment to get his take on how he’s navigating these rough seas. He was kind to spare a few…
[REPLAY] Mark Baumgartner – Luck, Risk and Uncertainty as CIO for the Institute for Advanced Study (Capital Allocators, EP.77)
Apr 2 • 56 min
Mark Baumgartner is the CIO of the Institute for Advance Study, where he oversees a $1 billion portfolio that seeks to achieve just median returns but with significantly less risk. Prior to joining IAS, Mark had stints at the Ford Foundation…
[REPLAY] Jen Prosek – Branding an Asset Management Firm (Capital Allocators, EP.80)
Apr 2 • 56 min
Jennifer Prosek is the founder and CEO of Prosek Partners, a leading international public relations and financial communications consultancy with offices in New York, London, Los Angeles and Connecticut. Prosek Partners ranks among the top 10…
Ben Inker – Value Investing at GMO (First Meeting, EP.17)
Mar 30 • 82 min
Ben Inker is the head of the Asset Allocation team at GMO, a $60 billion asset manager known for its value bias under founder Jeremy Grantham. Ben joined GMO right out of college nearly thirty years ago and has been there ever since. Our…
Michael Mauboussin – Consilient Observations in a Crisis (Capital Allocators, EP.127)
Mar 23 • 45 min
Michael Mauboussin is the Head of Consilient Research at Counterpoint Global and fortunately, a regular guest on the show. Michael is an astute researcher of behavior, decision-making and complex systems, and I reached out to him to get his reasoned…
[REPLAY] Michael Mauboussin – Who’s on the Other Side (Capital Allocators, EP.99)
Mar 23 • 57 min
Michael Mauboussin is the well-known investment strategist currently plying his wares at Blue Mountain Capital. He joined me for the second time to discuss his new research entitled “Who’s on the Other Side?” Our conversation dives into the…
[REPLAY] Michael Mauboussin – Active Challenges, Rational Decisions and Team Dynamics (Capital Allocators, EP.36)
Mar 23 • 71 min
Michael Mauboussin currently is the Director of Research at BlueMountain Capital, a multi-billion dollar hedge fund and asset manager. He spent the majority of his professional career thinking and writing about decision making, behavior and complex…
James Aitken – Systemic Risk in a Crisis (Capital Allocators, EP.126)
Mar 18 • 41 min
In the midst of this unprecedented time, I thought it would be helpful to hear from James Aitken, the extraordinary macro strategist who specializes in understanding the functioning of the financial system. I reached out to James with one key…
Greg Fleming – Building and Running Rockefeller Capital Management (Capital Allocators, EP.125)
Mar 16 • 63 min
Greg Fleming is the founding CEO of Rockefeller Capital Management, where he took the helm of a storied family office in 2018 to build and serve other families and institutions as well. Prior to taking on this challenge, Greg was the President of…
Christie Hamilton – Tweeting on Allocation at Children’s Health (Capital Allocators, EP.124)
Mar 9 • 53 min
Christie Hamilton is the Head of Investments at the $2 billion Children’s Health Medical Center of Dallas. She’s perhaps the most well-followed institutional allocator on Twitter, under the handle @ROIChristie. Our conversation covers…
Mike Mauzé - Escape Velocity for CPG Brands at VMG Partners (First Meeting, EP.16)
Mar 2 • 49 min
Mike Mauzé is the General Partner at VMG Partners, which is one of those little known, closed capacity private equity firms that a small number of top institutions have loyally invested with since its founding 15 years ago. VMG manages $2…
Doug Phillips – Middle of the Fairway at the University of Rochester (Capital Allocators, EP.123)
Feb 24 • 58 min
Doug Phillips is the CIO of the University of Rochester, where he has overseen the school’s $2.6 billion endowment for twenty years. Doug’s two-decade tenure at Rochester constitutes only the back half of his work in the endowment world, as…
Dan Rasmussen – Private Equity Risk and Public Equity Opportunity at Verdad Advisers (First Meeting, EP.15)
Feb 17 • 62 min
Dan Rasmussen is the Founder and portfolio manager at Verdad Advisers, which he launched in 2014 to replicate the historical success of private equity in the public markets. He’s an outspoken critic of the market’s enthusiasm for private…
SPECIAL ANNOUNCEMENT – CAPITAL ALLOCATORS LIVE!
Feb 10 • 1 min
I’m excited to announce Capital Allocators LIVE!, a live event that will take place in NYC on June 18th. I’ll host a series of live podcasts with Michael Mauboussin, Morgan Housel, Andre Perold, Atomic Habits author James Clear, and Annie Duke. …
James Aitken – Tour Around the World from a Small Island (Capital Allocators, EP.121)
Feb 10 • 66 min
James Aitken is the Founder and Managing Partner of Aitken Advisors, a one-man macroeconomic research boutique based in Wimbledon, England from where he pens his weekly “Notes from a Small Island” and consults approximately one hundred of the most…
Peter Kraus - Widening the Aperture on Alpha (First Meeting, EP.14)
Feb 3 • 74 min
Peter Kraus is the Chairman and CEO of Aperture Investors, a $5 billion asset manager he founded after a storied four-decade career on Wall Street, including heading the Investment Management Division at Goldman Sachs and serving as Chairman and CEO…
Ted Seides – A Rational Reminder (Capital Allocators, EP.121)
Jan 27 • 46 min
Last year, I appeared on the Rational Reminder podcast, a show hosted by Cameron Passmore and Ben Felix of PWL Capital, a terrific Ottawa, Canada-based wealth manager that focuses on low cost, passive investing. We discussed the depth of the…
Beezer Clarkson – Sapphire Gem of Early Stage Venture (Capital Allocators, EP.120)
Jan 20 • 57 min
Beezer Clarkson is Managing Director at Sapphire Ventures where she is responsible for the management of Sapphire’s fund investments in early stage venture funds globally. Her career through direct and fund investing has left her with…
Gregory Zuckerman – Decoding Renaissance Medallion (Capital Allocators, EP.119)
Jan 6 • 62 min
Gregory Zuckerman is a special writer at the Wall Street Journal and the author of five books, including his most recent, The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution. Greg joined the Journal in 1996 and writes…
The Best of 2019 (Capital Allocators, EP.118)
Dec 30, 2019 • 4 min
Our annual rundown of the most downloaded shows of 2019. Wishing you a new year filled with wealth, health, and joy. Learn More Read the Subscribe to the Don’t Subscribe, but Write a review on Follow Ted on twitter…
Dr. Sarel Vorster – Conducting Brain Surgery (Capital Allocators, EP.117)
Dec 23, 2019 • 54 min
Dr. Sarel Vorster is a practicing neuro surgeon at the Cleveland Clinic, where he performs procedures on the brain and spinal cord. Sarel has a cross-disciplinary interest in the effect of stress and risk on cognition and decision-making. He…
Neal Triplett and Kim Lew – Issues of Management at Duke and Carnegie (Capital Allocators, EP.116)
Dec 16, 2019 • 38 min
Neal Triplett is the CIO of DUMAC, the organization that oversees Duke University’s $19 billion endowment, and Kim Lew is the CIO of the Carnegie Corporation, where she manages the $3.5 billion foundation created by Andrew Carnegie. A few weeks ago,…
Kip McDaniel – How to Get an Allocator’s Attention (Capital Allocators, EP.115)
Dec 9, 2019 • 57 min
Kip McDaniel is the Chief Content Officer and Editor-in-Chief at Institutional Investor. In the early days of Capital Allocators, Kip joined me to share his insights about the CIOs he covers as a journalist. You can find that show in the feed…
[REPLAY] Kip McDaniel – CIO Whisperer (Capital Allocators, EP.20)
Dec 9, 2019 • 67 min
Kip McDaniel is the Chief Content Officer and Editorial Director at Institutional Investor. Prior to joining II a year ago, Kip spent seven years as the Founding Editor and Editor-in-Chief of CIO Magazine, a media platform that led him to…
Anne Martin - Pulling the Oars as CIO of Wesleyan University (Capital Allocators, EP.114)
Dec 2, 2019 • 53 min
Anne Martin is the Chief Investment Officer for Wesleyan University, where she manages the school’s $1 billion endowment. Anne’s career started in the tech world and shifted to endowment management at Yale’s famed investments office. She took over at…
Drew Dickson – Blending Behavior and Fundamentals at Albert Bridge Capital (First Meeting, EP.13)
Nov 25, 2019 • 53 min
Drew Dickson is the founder of Albert Bridge Capital, and CIO of the Alpha Europe funds, where he manages $350 million in European equities. Our conversation covers Drew’s early career across the Chicago school, Fidelity and Och-Ziff, and his perch…
Steve Rattner – Overseeing Michael Bloomberg’s Family Office (Capital Allocators, EP.113)
Nov 18, 2019 • 53 min
Steve Rattner is the Chairman and CEO of Willett Advisors, which invests former New York Mayor Michael Bloomberg’s personal and philanthropic assets. Steve’s career has ranged from a journalist for the New York Times to investment banking at…
Jason Karp – From Hedge Funds to Health and Wellness at HumanCo (First Meeting, EP.12)
Nov 11, 2019 • 68 min
Jason Karp is the Founder and CEO of HumanCo, a mission-driven, disruptive holding company focused on investing in healthier living. Before diving into this endeavor, Jason had a very successful twenty-year career in the hedge fund industry,…
Dawn Fitzpatrick – Multi-Faceted Investing at Soros Fund Management (Capital Allocators, EP.112)
Nov 4, 2019 • 52 min
Dawn Fitzpatrick is the Chief Investment Officer at Soros Fund Management, where she manages $25 billion in Soros family and philanthropic assets. Dawn started her career as a trader at O’Connor and went on to serve as the global head and CIO of…
Ash Fontana – Investing in Artificial Intelligence at Zetta Ventures (First Meeting, EP.11)
Oct 28, 2019 • 68 min
My guest on today’s First Meeting is Ash Fontana, a Managing Director at Zetta Ventures, a venture capital firm that backs Artificial Intelligence companies with B2B business models. The firm invests in early-stage companies with unique data…
Ana Marshall – Applied Direct Investing at the William and Flora Hewlett Foundation (Capital Allocators, EP.111)
Oct 21, 2019 • 52 min
Ana Marshall is the Vice President and Chief Investment Officer for The William and Flora Hewlett Foundation, where she oversees a $10.5 billion pool of capital. Ana joined Hewlett in 2004 after spending eighteen years as a direct investor in high…
Jay Girotto – Farmland Opportunity (First Meeting, EP.10)
Oct 14, 2019 • 38 min
Jay Girotto is the President of Farmland Opportunity, a $400 million investment manager that provides direct ownership of high quality, consistently productive row crop farmland in the U.S. Like many managers in traditional asset classes,…
Jonathan Tepper - Variant Perception of Capitalism (Capital Allocators, EP.110)
Oct 7, 2019 • 53 min
Jonathan Tepper is the founder of , an economic research group that works with institutional managers, hedge funds, and allocators to provide objective and comprehensive data to form actionable ideas from leading indicators and emerging trends. He is…
Joe Lonsdale – Entrepreneurship and 8VC (First Meeting, EP.09)
Sep 30, 2019 • 29 min
Joe Lonsdale is a founding partner at 8VC, a leading venture capital firm that partners with top founders and entrepreneurs to build lasting technology platforms. He began working at Peter Thiel’s PayPal while Joe was an undergraduate at…
Gary Klein with Paul Sonkin and Paul Johnson – Conducting Pre-Mortem Analysis (Capital Allocators, EP.109)
Sep 23, 2019 • 49 min
Gary Klein is a noted cognitive psychologist with an innate ability to see what others don’t. Over his 40-year career in the field, he’s pioneered the field of naturalistic decision making, the Pre-Mortem method of risk assessment, and the…
[REPLAY] Paul Johnson and Paul Sonkin – The Perfect Investment (Capital Allocators, EP.32)
Sep 23, 2019 • 58 min
Paul Sonkin and Paul Johnson are investors, professors, and co-authors of Pitch the Perfect Investment. Paul Sonkin is an analyst and portfolio manager at GAMCO Investors and has researched small, micro, and nanocap companies for a quarter…
Michael Schwimer - Sports Betting at JAMBOS (First Meeting, EP.08)
Sep 16, 2019 • 37 min
Michael Schwimer is the CEO of Big League Advance (BLA) and JAMBOS. Last year, I sat down with Michael and discussed his playing career and the formation of BLA. That conversation, which you can listen to on the feed right after this one,…
[REPLAY] Michael Schwimer – Moneyball as an Investment Strategy (Capital Allocators, EP.72)
Sep 16, 2019 • 55 min
Michael Schwimer is the CEO of Big League Advance, a company that makes investments in Minor League baseball players in exchange for an agreed-upon percentage of their future earnings. Before founding BLA, Michael was a professional baseball…
Matt Whineray – Leading New Zealand Super Fund (Capital Allocators, EP.108)
Sep 9, 2019 • 60 min
Matt Whineray is the CEO of New Zealand Superannuation Fund or Super Fund, one of the highest performing, most innovative and well-regarded large-scale investment allocators in the world. The New Zealand government created the Super Fund in 2001 to…
Scott Kupor - Andreessen Horowitz (First Meeting EP.07)
Sep 2, 2019 • 63 min
Scott Kupor is the managing partner at Andreessen Horowitz, also known as a16z for the 16 letters between the A in Andreessen and the z in Horowitz. Scott is responsible for all operational aspects of running the firm. He joined Andreessen at its…
Eric Ries – Lean Start-Ups and the Long-Term Stock Exchange (Capital Allocators, EP.107)
Aug 26, 2019 • 50 min
Eric Ries is the founder and CEO of LTSE, the company that is affiliated with the SEC-approved Long-Term Stock Exchange, which seeks to build a new relationship between companies that are built to last and the stakeholders who believe in them. Eric is…
David Druley – Structure into Action at Cambridge Associates (Capital Allocators, EP. 106)
Aug 19, 2019 • 47 min
David Druley is the CEO of Cambridge Associates, a global investment firm that works with premier institutional investors and family offices to manage custom investment portfolios that aim to generate outperformance so they can maximize their impact…
REPLAY - Margaret Chen – Leadership and Outsourcing the Investment Office (Capital Allocators, EP.35)
Aug 19, 2019 • 51 min
Margaret Chen is the Head of CA Capital Management, Cambridge Associates’ $20 billion Outsourced Chief Investment Officer (OCIO) business. She has spent twenty years at Cambridge Associates, which was her first and only stop in the investment…
Michael Novogratz – Galaxy Digital (First Meeting, EP.06)
Aug 12, 2019 • 51 min
Mike Novogratz is the CEO of Galaxy Digital, a merchant bank with a balance sheet to invest that seeks to serve as the bridge between the crypto and institutional investment worlds. Mike is well-known speculator who started his career at Goldman Sachs…
Paul Black - WCM Investment Management (First Meeting, EP.05)
Aug 5, 2019 • 57 min
My guest on today’s first meeting is Paul Black of WCM Investment Management. This show is a replay of our conversation on Capital Allocators last year, and has been one of the most listened to conversations with a manager on the show. …
Jon Harris – Investing in People at AIM (Capital Allocators, EP.105)
Jul 29, 2019 • 60 min
Jon Harris is the CEO of Alternative Investment Management, a twenty-year-old investment firm that started as a family office and has evolved into managing $1 billion in hedge fund and private equity strategies on behalf of a range of fascinating…
André Bourbonnais – Blackrock Long-Term Private Capital (First Meeting, EP.04)
Jul 22, 2019 • 42 min
André Bourbonnais is a Managing Director at Blackrock and Global Head of its newly launched Long-Term Private Capital business, a multi-billion dollar permanent capital private equity fund. André brought thirty years of private market…
Richard Lawrence – Overlook Investments Group (First Meeting, EP.03)
Jul 15, 2019 • 60 min
My guest on today’s First Meeting is Richard Lawrence of Overlook Investments Group, one of the top managers of Asian equities. The conversation that follows is a replay of an early episode on Capital Allocators and one of the inspirations for…
Ash Williams – Florida SBA’s Reigning Chief (Capital Allocator, EP.104)
Jul 8, 2019 • 78 min
Ash Williams is the Executive Director and CIO of the Florida State Board of Administration, where he oversees $200 billion in assets for the State of Florida including one of the largest public pension funds in the U.S. He is as highly regarded…
Sam Sicilia – Seizing on a Long Time Horizon at HostPlus (EP.103)
Jul 1, 2019 • 79 min
Sam Sicilia is the Chief Investment Officer of HostPlus, Australia’s AUZ 37 billion ($25B USD) Superannuation Fund. Sam joined HostPlus in 2008 after a storied career in academia and the finance industry stretching back to the early 1990s….
Martin Whittaker – JUST Capital (First Meeting, EP.02)
Jun 24, 2019 • 46 min
Martin Whittaker is the founding CEO of JUST Capital, a non-profit created by a group of concerned, influential leaders, including Deepak Chopra and Paul Tudor Jones. JUST Capital is an independent research organization thanks ranks companies on…
Jon Wertheim – Sports and… (Capital Allocators, EP. 102)
Jun 17, 2019 • 42 min
Jon Wertheim is a sports journalist and author who has a passion for psychology and economics. He is the Executive Editor at Sports Illustrated, where he has been a full-time staff member since 1996. Jon also is a contributing correspondent on…
Capital Allocators Presents: First Meeting with Ted Seides
Jun 10, 2019 • 1 min
I’m excited to announce the launch of a spinoff of capital allocators called first meeting. First meeting episodes will be conversations with leading investment managers across asset classes. First meeting will seek to catalyze a step change…
Patrick O’Shaughnessy – O’Shaughnessy Asset Management (First Meeting, EP.01)
Jun 10, 2019 • 74 min
Patrick O’Shaughnessy is the CEO of O’Shaughnessy Asset Management, the host of the Invest Like the Best podcast, and a great friend. Patrick’s podcast and widely read monthly mailing list of books, available at , have made him a celebrity…
Khe Hy – Radical Shift from Investing to Purpose (Capital Allocators, EP.101)
Jun 3, 2019 • 51 min
Khe Hy rose to be one of the youngest Managing Directors at Blackrock’s hedge fund of funds business. In his 30s he left the industry to explore what would come next. His path led to creating the RadReads blog and coaching about facing fears and…
REPLAY - Thomas DeLong – Authentic Leadership (Capital Allocators, EP.18)
Jun 3, 2019 • 56 min
Tom DeLong is a renown expert in organizational behavior, leadership, and human development of high performance professionals, the so called “soft skills” often dismissed in the asset management business. After starting an academic career under…
REPLAY - David “Bull” Gurfein - Interdisciplinary Lessons from the Marines (Capital Allocators, EP.10)
May 27, 2019 • 73 min
David Gurfein is a decorated Marine Corps Combat veteran whose nickname “Bull” fits the bill. Enlisting at age 17, Bull drove tanks and was an honor graduate from Officer Candidate School while attending Syracuse University. Upon graduation…
Tim Recker - Concentration at the James Irvine Foundation (Capital Allocators, EP.100)
May 20, 2019 • 65 min
Tim Recker is the CIO of the $2.4 billion James Irvine Foundation. He joined the foundation in 2016 after spending a decade in private equity and real assets for the University of California Regents, four years overseeing Alternatives at the…
Michael Mauboussin – Who’s on the Other Side (Capital Allocators, EP.99)
May 13, 2019 • 57 min
Michael Mauboussin is the well-known investment strategist currently plying his wares at Blue Mountain Capital. He joined me for the second time to discuss his new research entitled “Who’s on the Other Side?” Our conversation dives…
REPLAY - Michael Mauboussin – Active Challenges, Rational Decisions and Team Dynamics (Capital Allocators, EP.36)
May 13, 2019 • 71 min
Michael Mauboussin currently is the Director of Research at BlueMountain Capital, a multi-billion dollar hedge fund and asset manager. He spent the majority of his professional career thinking and writing about decision making, behavior and…
Jon Hirtle – The Pioneer of OCIO (Capital Allocators, EP.98)
May 6, 2019 • 56 min
Jon Hirtle is the Executive Chairman at Hirtle, Callaghan & Co., a $20 billion Outsourced CIO business he founded in 1988. Hirtle Callaghan retains the distinction of initiating the OCIO model that is flourishing in the market today. Our…
Matt Levine – Money Stuff (Capital Allocators, EP.97)
Apr 29, 2019 • 40 min
Matt Levine writes Money Stuff, a brilliant daily financial newsletter on Bloomberg View. His column discusses current events in corporate finance and markets, with an insightful, nuanced lens and a dry wit. As Matt describes it in his bio, he…
REPLAY - Michael Mervosh – Invest in Yourself (Capital Allocators, EP.68)
Apr 29, 2019 • 72 min
Both times I was interviewed (by and ) and shared those conversations on Capital Allocators, I made reference to a special experience I’ve participated in for the last five years called the Hero’s Journey. The weeklong journey in…
David Zorub - The Path to a Hedge Fund Launch (Capital Allocators, EP.96)
Apr 22, 2019 • 48 min
David Zorub is the founder of Parsifal Capital, a new hedge fund he is launching later this year. Before founding Parsifal, Dave spent fifteen years in research and portfolio management at hedge funds and another few in investment banking and…
Paul Rabil - Lacrosse and Entrepreneurship (Capital Allocators, EP.95)
Apr 15, 2019 • 58 min
Paul Rabil is the co-founder and CEO of the Premier Lacrosse League or PLL, a new tour-based league of the top professional lacrosse players in the world that will debut on June 1st. Paul was the #1 player in the draft for Major League Lacrosse…
Ted Seides – Interviewing and Manager Meetings (Capital Allocators, EP.94)
Apr 8, 2019 • 46 min
A few months ago, Marcel van de Hoef interviewed me on his podcast, The Meeting Strategist. He created Meeting Strategist to help senior professionals across industries think more strategically about business conversations and improve their…
REPLAY - Ted Seides - Deep Dive into Hedge Funds (Capital Allocators, EP.34)
Apr 8, 2019 • 77 min
I’ve received several emails over the last bunch of months asking for my take on the investing world and the topics we cover on the show. Fortunately, I’ve had a chance to appear as a guest on a few other podcasts, and thought I would share some…
REPLAY - Ted Seides - It’s Not About the Money (EP.45)
Apr 8, 2019 • 58 min
Last fall, I sat down with a fellow former hedge fund of funds professional Khe Hy, who left the business a few years ago and has developed a fascinating media platform around introspection, self-awareness, and self-development. Certainly a set…
Dan Ariely – Investing in Irrationality (Capital Allocators, EP.93)
Apr 1, 2019 • 70 min
Dan Ariely is a renowned behavioral economist, author, entrepreneur, and investor. He is the James B. Duke Professor of Psychology and Behavioral Economics at Duke University and a founding member of the Center for Advanced Hindsight. Dan…
Jordi Visser – Next Generation of Manager Allocation (Capital Allocators, EP.92)
Mar 25, 2019 • 80 min
Jordi Visser is the President & CIO of $1.7 billion Weiss Multi-Strategy Advisers, an asset management firm with a 40-year history of focusing on innovative investment processes and cutting edge thought leadership. Our conversation covers…
Manny Friedman – EJF on Economic Opportunity Zones (EP.91)
Mar 18, 2019 • 44 min
Manny Friedman is the founder of EJF Capital. Manny discussed his background and his nuanced take on markets last July in Episode 61 of the podcast. In that conversation, he mentioned a new regulation in the U.S. that created an area of…
REPLAY - Manny Friedman – Non-Linear Financial Systems (Capital Allocators, EP.61)
Mar 18, 2019 • 51 min
Manny Friedman is the CEO of EJF Capital, a firm he co-founded in 2005 that manages $9 billion with a focus on the financial services industry. Manny started EJF after his retirement from Friedman, Billings, Ramsey Group, Inc., a company he co-founded…
Thomas Russo – All About Google (Capital Allocators, EP.90)
Mar 11, 2019 • 41 min
Tom Russo is the Managing Member of Garnder Russo & Gardner. Last week, Tom talked in detail about his holding in Berkshire Hathaway. This week, we continue the conversation with his new holding in Google. Our conversation covers buying…
Thomas Russo – All About Berkshire Hathaway (Capital Allocators, EP.89)
Mar 4, 2019 • 55 min
Tom Russo is the Managing Member of Gardner Russo & Gardner. Tom and I sat down in Episode 16 to discuss his background and investment strategy in what was one of the most popular episodes on the show. He oversees $13B in a global…
REPLAY (EP.16) Thomas Russo – Buy and Hold…and Then What
Mar 4, 2019 • 59 min
Tom Russo is the Managing Member of Gardner Russo & Gardner, where he manages $11 billion in a long only, global value strategy. Tom buys the stock of global consumer businesses with great brands and holds them for a really long time. He looks for…
Matt Botein – Flexible Investing and Institutional Challenges (Capital Allocators, EP.88)
Feb 25, 2019 • 58 min
Matt Botein is the Co-Founder and Managing Partner of Gallatin Point Capital, a $1.5 billion private investment company he founded after departing from BlackRock, where he had served as the Chief Investment Officer and Co-Head of the firm’s $160…
Rahul Moodgal - Master Fund Raiser (Capital Allocators, EP.87)
Feb 18, 2019 • 61 min
Rahul Moodgal has spent 20 years as a fund raiser across long only strategies, hedge funds, fund of funds, customized solutions, start-ups, and non-profits. Collectively, Rahul has raised and helped raise $60 billion for firms since 2005. …
Chris Ailman – CalSTRS’ Venerable CIO (Capital Allocators, EP.86)
Feb 11, 2019 • 73 min
Chris Ailman is the chief investment officer of the $220 billion pool for California State Teachers’ Retirement System (CalSTRS). He joined CalSTRS back in 2000 after 4 years as CIO of the Washington State Investment Board and 11 years as CIO of the…
Steve Kuhn – Life After Hedge Funds (Capital Allocators, EP.85)
Feb 4, 2019 • 54 min
Steve Kuhn is a retired hedge fund manager. He spent two decades in the industry, specializing in mortgage-backed securities at Cargill, Citadel, Goldman Sachs, and Pine River. In his last stint in the business until his retirement in…
Donna Snider – Inside the Investment Process at the Kresge Foundation (Capital Allocators, EP.84)
Jan 28, 2019 • 48 min
Donna Snider is a Managing Director at the $4 billion Kresge Foundation, where she has worked for ten years as one of three senior team members under Chief Investment Officer Rob Manilla. Last summer, Institutional Investor named Donna the…
Ron Biscardi – Putting Hedge Funds in Context (Capital Allocators, EP.83)
Jan 21, 2019 • 40 min
Ron Biscardi is the Co-Founder and CEO of Context Capital Partners and a Partner and Board Member of Context Summits. Ron sits at the intersection of buyers and sellers for small funds, and actively invests as a provider of acceleration…
Jean Hynes – Inside Wellington Management (Capital Allocators, EP.82)
Jan 14, 2019 • 52 min
Jean Hynes is a Managing Partner at Wellington Management, where she one of three people responsible for the governance of Wellington’s storied partnership. Jean also is the sector leader of the firm’s healthcare team that manages the…
Jen Prosek – Branding an Asset Management Firm (Capital Allocators, EP.81)
Jan 7, 2019 • 56 min
Jennifer Prosek is the founder and CEO of Prosek Partners, a leading international public relations and financial communications consultancy with offices in New York, London, Los Angeles and Connecticut. Prosek Partners ranks among the top 10…
Top 10 Episodes of Capital Allocators in 2018
Dec 31, 2018 • 2 min
Please enjoy this countdown of the top 10 most downloaded episodes of Capital Allocators in 2018 (and top 5 most downloaded episodes featuring CIOs). If you have any ideas and can make introductions to guests who might crack next year’s top 10, please…
Tim McCusker – Consistency and Creativity as CIO at NEPC (Capital Allocators, EP. 80)
Dec 17, 2018 • 57 min
Tim McCusker is the Chief Investment Officer at NEPC, an investment consultant that advises on $1 trillion in assets on behalf of 400 institutional clients. Tim oversees NEPC’s 50-person investment research team and leads investment strategy for the fi
Brent Beshore - Micro Buyout Adventur.es (Capital Allocators, EP.79)
Dec 10, 2018 • 68 min
Brent Beshore is the founder and CEO of , an investment firm that buys small family-owned businesses with the intention of holding them indefinitely. After launching a few businesses out of college, Brent developed a distinct investment strategy…
Tom Bushey – Launching a Hedge Fund (Capital Allocators EP.78)
Dec 3, 2018 • 48 min
Tom Bushey is the founder of Sunderland Capital, a Boston-based hedge fund he started in 2016. Tom graduated from the Wharton School as an undergraduate, and worked as an investment banker at Credit Suisse First Boston, private equity analyst at Thayer C
Mark Baumgartner – Luck, Risk and Uncertainty at the Institute for Advanced Study (Capital Allocators, EP.77)
Nov 26, 2018 • 56 min
Mark Baumgartner is the CIO of the Institute for Advance Study, where he oversees a $1 billion portfolio that seeks to achieve just median returns but with significantly less risk. Prior to joining IAS, Mark had stints at the Ford Foundation overseeing
Annie Duke – Thinking More in Bets (Capital Allocators, EP.76)
Nov 19, 2018 • 47 min
My guest on today’s show once again is Annie Duke, decision-making expert, former world-famous poker player, and author of the best seller, Thinking in Bets. I had a chance to interview Annie at The Investment Institute’s Fall Forum in Chapel Hill, N
Michael Lombardi – Leadership Through Football (Capital Allocators, EP.75)
Nov 12, 2018 • 51 min
Michael Lombardi is a thirty-year veteran of professional football, including as a General Manager and a three-time Super Bowl winning executive. He is the author of the fantastic recently released book Gridiron Genius, A Master Class in Winning Champion
Jeffrey Solomon - Grief and Goodness in Squirrel Hill (SPECIAL EPISODE)
Nov 5, 2018 • 33 min
Last week, the senseless and tragic events at the Tree of Life Synagogue in Pittsburgh left me and many others asking questions about our world today. This one hit a little closer to home for me than the many other equally terrible events that have occur
REPLAY - Jeffrey Solomon – Vision, Tenacity, and Empathy (Capital Allocators, EP.09)
Nov 5, 2018 • 54 min
Jeffrey Solomon is the President of publicly listed Cowen Group (TK: COWN), a financial services company focused on supporting and providing active management to the marketplace. After graduating from the University of Pennsylvania in 1988, Jeff deferred
Karl Scheer – Competing Sensibly as CIO of the University of Cincinnati (EP.74)
Oct 29, 2018 • 46 min
Karl Scheer is the Chief Investment Officer of the University of Cincinnati’s billion-dollar endowment. Before taking the helm at Cincinnati in 2011, he co-ran a family office and spent eight years in the venture capital industry. Our conversation cov
Andrew Tsai – Catching a Theme on the Chalkstream (EP.73)
Oct 22, 2018 • 70 min
Andrew Tsai is the Chief Investment Officer of Chalkstream Capital Group, which he founded in 2003 to manage the assets of quant guru Peter Muller. Andrew’s fascinating background started on the Lehman arbitrage desk in the early 1990s, after which he
Michael Schwimer – Moneyball as an Investment Strategy (Capital Allocators, EP.72)
Oct 15, 2018 • 56 min
Michael Schwimer is the CEO of Big League Advance, a company that makes investments in Minor League baseball players in exchange for an agreed-upon percentage of their future earnings. Before founding BLA, Michael was a professional baseball player, work
Michael Batnick - The Best Investors and Their Biggest Mistakes (Capital Allocators, EP.71)
Oct 8, 2018 • 29 min
Michael Batnick is the Director of Research at Ritholz Wealth Management, author of the Irrelevant Investor blog, co-host of the Animal Spirits podcast, and recently, author of his first book, Big Mistakes: The Best Investors and Their Worst Investments.
REPLAY Andrew Golden - Princeton University’s Chief Investing Tiger (EP.13)
Oct 1, 2018 • 73 min
After getting some great feedback from the replay of my conversation with Scott Malpass, I am going to repeat some gems from the past every few months. This week I picked out my conversation with Andy Golden, the venerable head of Princeton’s 24 billion
Raphael Arndt – Australia’s Sovereign Wealth Fund CIO (Capital Allocators, Episode 70)
Sep 24, 2018 • 85 min
Raff Arndt is the Chief Investment Officer of Australia’s AUZ$145 billion Sovereign Wealth Fund, the Futures Fund. He trained as an engineer and dove into infrastructure policy at the beginning of Australia’s privatizations in the late 1990s. After i
Stephen McKeon – Professor of Crypto Security Tokens (Capital Allocators, EP.69)
Sep 17, 2018 • 68 min
Professor Stephen McKeon spent six years out of college working in finance for venture-backed startups before returning to graduate school and earning his PhD in finance in 2011. Blending his interest and experience, Steve focuses his research on corporat
Michael Mervosh – Invest in Yourself (Capital Allocators, EP.68)
Sep 10, 2018 • 72 min
The two times I was interviewed and shared those conversations on Capital Allocators, I made reference to a very special experience I’ve participated in for the last five years called the Hero’s Journey. It’s an opportunity I can’t recommend highl
Sarah Williamson – Focusing Capital on the Long-Term (Capital Allocators, EP.67)
Sep 3, 2018 • 52 min
Sarah Williamson is the CEO of FCLTGlobal, a non-profit consortium of large asset managers, allocators, and corporations dedicated to encouraging long-term behavior in business and investment decision-making. FCLTGlobal conducts research, convenes busines
Kristian Fok – Australia’s CBUS Superannuation CIO (Capital Allocators, EP.66)
Aug 27, 2018 • 61 min
Kristian Fok is the Chief Investment Officer of Australia’s A46B ($35B USD) Construction & Building Industry Superannuation Fund, or CBUS. Prior to joining CBUS in 2012, Kristian spent 14 years consulting to Australian Super Funds at Frontier Advisors.
Josh Wolfe – Seeing the Lux (Capital Allocators, EP.65)
Aug 20, 2018 • 70 min
Josh Wolfe is the co-founder of Lux Capital, a $1.5 billion venture capital firm formed to support scientists and entrepreneurs who pursue counter-conventional solutions to the most vexing puzzles of our time. Josh’s innovative thought process across hi
Ben Reiter – Moneyball 2.0 (Capital Allocators, EP.64)
Aug 13, 2018 • 47 min
Ben Reiter is a senior writer for Sports Illustrated and the author of Astroball: The New Way to Win It All. He joined SI in 2004 a few years out of college and has written for them ever since. In 2014 Ben wrote a cover story for SI entitled YOUR 2017 W
Roz Hewsenian –Helmsley Trust’s Chief of People and Process (Capital Allocators, EP.63)
Aug 6, 2018 • 75 min
Roz Hewsenian is the Chief Investment Officer of the $6 billion Helmsley Charitable Trust. Prior to joining Helmsley in 2010, Roz had a storied career in the industry, highlighted by her two decades of work as the consultant to CalPERS while at Wilshire A
Charley Ellis - Indexing and Its Alternatives (EP.62)
Jul 30, 2018 • 74 min
Investment luminary Charley Ellis is the founder of Greenwich Associates, author of 16 books, and one of the most sought-after industry advisors worldwide. He also believes deeply in the paradox of skill and his latest book, The Index Revolution: Why Inv
Manny Friedman – Non-Linear Financial Systems (Capital Allocators, EP.61)
Jul 23, 2018 • 51 min
Manny Friedman is the CEO of EJF Capital, a firm he co-founded in 2005 that manages $9 billion with a focus on the financial services industry. Manny started EJF after his retirement from Friedman, Billings, Ramsey Group, Inc., a company he co-founded in
REPLAY - Scott Malpass – The Fighting Irish’s Twelfth Man (Capital Allocators, EP.25)
Jul 16, 2018 • 80 min
This replay is the one of the most downloaded shows from last year, and one that new listeners may have missed. Regular listeners no doubt might pick up a new insight listening again. Scott Malpass is the esteemed Vice President and CIO of Notre Dame Un
Anthony Scaramucci – It’s Called a Mooch (Capital Allocators, EP.60)
Jul 9, 2018 • 61 min
The name Anthony Scaramucci currently has 55% name recognition in the U.S. according to Politico. Anthony has been an entrepreneur in the hedge fund industry for 23 years, growing to prominence within the industry through his oversight of fund of funds Sk
Peter Troob – Monkey Business in High Yield (Capital Allocators, EP.59)
Jul 2, 2018 • 52 min
Peter Troob is the co-Founder and CIO of Troob Capital Management, an opportunistic investor and family office with particular expertise in distressed situations. Prior to starting TCM in 2002, Peter spent six years focusing on distressed debt investing a
James Aitken – Macro Strategist Extraordinaire (Capital Allocators, EP.58)
Jun 25, 2018 • 87 min
Australian James Aitken is the Founder and Managing Partner of Aitken Advisors, a one-man macroeconomic consultancy based in Wimbledon, England that works with approximately one hundred of the most influential pools of capital in the world. James started
Brian Portnoy – From Complex to Simple (Capital Allocators, EP.57)
Jun 18, 2018 • 60 min
Brian Portnoy Brian is currently the Director of Investment Education at $100B investment solutions provider Virtus Investment Partners, where he strives to simplify the complex world of money in an effort to help investors make better decisions and lead
Tom Lydon – ETF Trends (Capital Allocators, EP.56)
Jun 11, 2018 • 63 min
Tom Lydon is one of the leading experts in the ETF and mutual fund industries. He is the founder and CEO of ETF Trends, a business he created in 2004 whose website, etftrends.com, is filled with news, analysis, and webcasts about the world of ETFs. Before
Tali Sharot – Optimism, Decisions, and Mistakes (Capital Allocators, EP.55)
Jun 4, 2018 • 47 min
Tali Sharot is a leading expert on human decision-making, optimism and emotion. A neuroscientist by trade, Sharot combines research in psychology, behavioral economics and neuroscience to reveal the forces that shape our decisions, beliefs and inaccurate
John Pfeffer - Crypto for Institutions (Capital Allocators, EP.54)
May 28, 2018 • 48 min
John Pfeffer is an entrepreneur, investor and author of “An (Institutional) Investor’s Take on Cryptoassets.” He is currently Partner of Pfeffer Capital. In the 2000s, John was a Member at private equity firm KKR, and in the 1990s, he was Chairman
Ross Israel - Stable, Predictable Cash Flows (EP.53)
May 21, 2018 • 53 min
Ross Israel is the Head of Global Infrastructure Investments for QIC, Queensland, Australia’s 82B AUZ ($62B USD) investment fund. The Queensland government formed QIC in 1991 to oversee its Superannuation Fund, and the business has since evolved into a
Kim Lew – The Carnegie Way (Capital Allocators, EP.52)
May 14, 2018 • 70 min
Kim Lew is the Vice President and CIO of Carnegie Corporation, where she is responsible for the investment and oversight of the Corporation’s $3.5 billion Foundation. Kim joined Carnegie in 2007 after spending a dozen years at the Ford Foundation. She i
Paul Black - Gratitude, Fun, and Growth Stocks (Capital Allocators, EP.51)
May 7, 2018 • 55 min
Paul Black is Co-CEO and portfolio manager at WCM Investment Management, a $26 billion manager of global equities that he joined when it was a $200 million boutique in 1989. With so much of the institutional world, including my own training, focused on v
James Williams – Curating The Getty’s Assets (Capital Allocators, EP.50)
Apr 30, 2018 • 76 min
Jim Williams is the Vice President, Chief Investment Officer, and Treasurer of the Getty Trust, where he oversees a $7 billion portfolio for the Getty Museum. Before joining the Getty in 2002, Jim spent three years as the President of Harbor Capital Advis
Michael Cembalest – Eye on the Market (Capital Allocators, EP.49)
Apr 23, 2018 • 63 min
Michael Cembalest is the Chairman of Market and Investment Strategy for J.P. Morgan Asset & Wealth Management, a global industry leader with $2 trillion of client assets under management. Michael is also a member of the Investment Committee for J.P. Morga
Steven Galbraith – In the Boardroom (Capital Allocators, EP.48)
Apr 16, 2018 • 55 min
One common refrain across my conversations has been the importance and subtleties of effective governance in making optimal investment decisions. Alongside Steven Galbraith’s incredible career as an analyst, strategist, portfolio manager, and entrepren
Chris Brockmeyer – On Broadway (Capital Allocators, EP.47)
Apr 9, 2018 • 54 min
Chris Brockmeyer is the Director of Employee Bennefit Funds for the Broadway League, the national trade association for the Broadway theatre industry. Chris serves as an employer-appointed trustee, in most cases as Co-Chair, on eleven multi-employer pen
Andy Redleaf - Evolution of Markets (Capital Allocators, EP.46)
Apr 2, 2018 • 58 min
Andy Redleaf is the Founding Partner of Whitebox Advisors, a $5.5 billion multi-strategy hedge fund he founded in 1999 with primary offices in the metropolitan hubs of Minneapolis, Austin, and Sydney, Australia. Before founding Whitebox, Andy spen
It’s Not About the Money (Capital Allocators, EP.45)
Mar 26, 2018 • 58 min
Last fall, I sat down with a fellow former hedge fund of funds professional Khe Hy, who left the business a few years ago and has developed a fascinating media platform around introspection, self-awareness, and self-development. Certainly a set of charact
Wayne Wicker - Managing for Millions who Matter (Capital Allocators, EP.44)
Mar 19, 2018 • 63 min
Wayne Wicker is the Senior VP and CIO of ICMA Retirement Corporation, an asset manager that oversees $50B across more than a million retirement accounts of City and County public sector employees throughout the country. Before joining ICMA in 2004, Wayne
Clare Flynn Levy and Cameron Hight - Moneyball for Managers (Capital Allocators, EP.43)
Mar 12, 2018 • 76 min
Our exploration of the use of modern data analytics to enhance investment results continues this week with two of the leading providers of tools for portfolio managers. My guests on today’s show are Clare Flynn Levy and Cameron Hight, both former investm
Basil Qunibi - Moneyball for Allocators (Capital Allocators, EP.42)
Mar 5, 2018 • 55 min
Increased sophistication in manager assessment is an important trend in the search for alpha. My conversations with Michael Mauboussin and Annie Duke suggested frameworks to think about enhanced decision-making processes and prompted a deeper dive into th
Rick Selvala - Harvesting Volatility (Capital Allocators, EP.41)
Feb 26, 2018 • 50 min
Rick Selvala is the co-founder and CEO of Harvest Volatility, a ten-year old manager of a variety of volatility strategies that oversees $13 billion in assets. After starting his career in the Treasury department at General Motors in the mid 1980s, Rick h
Ali Hamed - Novel Asset Investing (Capital Allocators, EP.40)
Feb 19, 2018 • 63 min
Ali Hamed is the co-founder of CoVenture and Managing Partner of the CoVenture VC Fund. CoVenture is an innovative company that identifies and invests in novel assets formed by the intersection of technology and finance. The firm manages an early stage v
Annie Duke - Improving Decision Making [Capital Allocators, EP.39]
Feb 5, 2018 • 60 min
Annie Duke is a renown public speaker and decision strategist. For two decades, she was one of the top poker players in the world, including winning a World Series of Poker bracelet and the $2 million winner-take-all WSOP Tournament of Champions. Her stud
Seth Masters – Investment Polymath (Capital Allocators, EP.38)
Jan 29, 2018 • 64 min
Seth Masters recently retired from Alliance Bernstein, where he spent 26 years across six different careers. He started as an analyst in emerging market equities and over the last decade and a half served separately as CIO of the Private Wealth Business,
Bill Spitz – Seasoned Commodore (Capital Allocators, EP.37)
Jan 22, 2018 • 48 min
Bill Spitz was the longtime head of Vanderbilt University’s endowment before retiring, for the first time, in 2007. He has received numerous lifetime achievement awards for his work and is one of the legends in the business. After failing in his retire
Michael Mauboussin – Active Challenges, Rational Decisions and Team Dynamics (Capital Allocators, EP.36)
Jan 8, 2018 • 71 min
Michael Mauboussin currently is the Director of Research at BlueMountain Capital, a multi-billion dollar hedge fund and asset manager. He spent the majority of his professional career thinking and writing about decision making, behavior and complex syste
Margaret Chen – Leadership and Outsourcing the Investment Office (Capital Allocators, EP.35)
Jan 1, 2018 • 51 min
Margaret Chen is the Head of CA Capital Management, Cambridge Associates’ $20 billion Outsourced Chief Investment Officer (OCIO) business. She has spent twenty years at Cambridge Associates, which was her first and only stop in the investment business a
Deep Dive into Hedge Funds (Capital Allocators, EP.34)
Dec 18, 2017 • 77 min
I’ve received several emails over the last bunch of months asking for my take on the investing world and the topics we cover on the show. Fortunately, I’ve had a chance to appear as a guest on a few other podcasts, and thought I would share some of th
Chris Acito – Credit Where Credit is Due (Capital Allocators, EP.33)
Dec 11, 2017 • 59 min
Chris Acito is the CEO and CIO of Gapstow Capital Partners, a credit-focused investment organization. Chris started his career as a management consultant and traversed to focus on asset management consulting around the founding of Casey, Quirk, and Acito.
Paul Johnson and Paul Sonkin – The Perfect Investment (Capital Allocators, EP.32)
Nov 27, 2017 • 58 min
Paul Sonkin and Paul Johnson are investors, professors, and co-authors of Pitch the Perfect Investment. Paul Sonkin is an analyst and portfolio manager at GAMCO Investors and has researched small, micro, and nanocap companies for a quarter century. He ta
Meredith Jenkins – A Path to Trinity (Capital Allocators, EP.31)
Nov 13, 2017 • 51 min
Meredith Jenkins is the Chief Investment Officer of Trinity Wall Street, where she oversees $5.5 billion of the church’s endowment and real estate assets. Before taking the helm as Trinity’s first CIO, she was the co-CIO of Carnegie Corporation of Ne
Larry Mestel – Making Music Royalties Sing (Capital Allocators, EP.30)
Oct 30, 2017 • 39 min
Larry Mestel is the Founder and Co-CEO of Primary Wave, one of the largest independent full-service entertainment companies. Primary Wave Publishing, the music division Larry oversees, acquires and develops the rights to iconic song titles and works with
Ashby Monk – Asset Giant Futurist (Capital Allocators, EP.29)
Oct 23, 2017 • 60 min
Dr. Ashby Monk is the Executive and Research Director of the Stanford University Global Projects Center. He is also a Senior Research Associate at the University of Oxford, a Senior Advisor to the Chief Investment Officer of the University of California,
Jason Klein – Investing to Cure Cancer (Capital Allocators, EP.28)
Oct 9, 2017 • 50 min
This episode is dedicated to my late friend and classmate, Jennifer Goodman Linn, and her husband Dave Linn, who together founded Cycle for Survival. Ten years ago, in the basement of an Equinox gym in Manhattan, a few friends gathered around Jen to raise
Ellen Ellison – Playing to Your Strengths (Capital Allocators, EP.27)
Oct 2, 2017 • 46 min
Ellen Ellison is the Chief Investment Officer of the University of Illinois Foundation, which she joined in 2013 as its first leader of the now $1.7 billion pool of assets. Ellen restarted a program and a portfolio from scratch at a time when longer-estab
David Barrett – Searching for Leaders (Capital Allocators, EP.26)
Sep 25, 2017 • 40 min
David Barrett is the founder of David Barrett Partners, a leading executive search firm focused exclusively on buy-side asset management. Prior to founding DBP in 2005, he spent 19 years in the search business, including long stints at Russell Reynolds As
Scott Malpass – The Fighting Irish’s Twelfth Man (Capital Allocators, EP.25)
Sep 18, 2017 • 80 min
Scott Malpass is the esteemed Vice President and CIO of Notre Dame, where he oversees the University’s $12 billion endowment. Scott earned his B.A. and M.B.A. degrees at Notre Dame, and returned to Sound Bend at the ripe age of 26 following a brief stin
Jim Dunn – Protect, Perform, Provide (Capital Allocators, EP.24)
Sep 4, 2017 • 63 min
Jim Dunn is the CEO and CIO of Verger Capital Management, an Outsourced CIO business whose anchor client is Wake Forest University. Prior to forming Verger, he served as CIO of Wake Forest for five years. That transition from a sole client to an OCIO busi
Dan Egan – Better Investment Outcomes (Capital Allocators, EP.23)
Aug 28, 2017 • 64 min
Dan Egan is the Director of Behavioral Finance and Investing at Betterment, the market leading robo-advisor overseeing $10 billion in assets. Dan has spent his career applying behavioral finance principals to help individuals make better financial and inv
Chatri Sityodtong – Warrior Spirit (Capital Allocators, EP.22)
Aug 21, 2017 • 66 min
Chatri Sityodtong is the Founder and Chairman of ONE Championship, Asia’s largest sports media property. Chatri started his career as many listening to this show have: he graduated from Tufts University, worked at Fidelity Investments and Bain Consultin
Richard Lawrence – Compounding in Asia (Capital Allocators, EP.21)
Aug 14, 2017 • 60 min
Richard Lawrence is the Chairman and Executive Director of The Overlook Group, a $5 billion investment organization focused on Asian equities that Richard founded in 1991. Over the past quarter-century, Overlook developed and implemented disciplined inves
Kip McDaniel – CIO Whisperer (Capital Allocators, EP.20)
Aug 7, 2017 • 68 min
Kip McDaniel is the Chief Content Officer and Editorial Director at Institutional Investor. Prior to joining II a year ago, Kip spent seven years as the Founding Editor and Editor-in-Chief of CIO Magazine, a media platform that led him to interview 2,00
Dan Schorr – Death, Ice Cream, and Entrepreneurship (Capital Allocators, EP.19)
Jul 31, 2017 • 53 min
Dan Schorr is the founder and CIO, that’s Chief Ice Cream Officer, of Vice Cream, an early stage brand that is bringing back unapologetic indulgence to the ice cream industry. Dan has spent his career working with consumer brands, including Power Bar, S
Thomas DeLong – Authentic Leadership (Capital Allocators, EP.18)
Jul 24, 2017 • 56 min
Tom DeLong is a renown expert in organizational behavior, leadership, and human development of high performance professionals, the so called “soft skills” often dismissed in the asset management business. After starting an academic career under the wi
Adam Blitz – Inside Hedge Fund Allocation (Capital Allocators, EP.17)
Jul 17, 2017 • 63 min
Adam Blitz is the CEO and Chief Investment Officer of Evanston Capital Management, a $5 billion hedge fund of funds manager with a decade and a half of industry leading performance. Adam joined Evanston at its inception in 2002 and leads investment resear
Thomas Russo – Buy and Hold…and Then What (Capital Allocators, EP.16)
Jul 10, 2017 • 59 min
Tom Russo is the Managing Member of Gardner Russo & Gardner, where he manages $11 billion in a long only, global value strategy. Tom buys the stock of global consumer businesses with great brands and holds them for a really long time. He looks for busines
Reflections – Hardly a Waste of Time (Capital Allocators, EP.15)
Jul 6, 2017 • 13 min
A few months ago through a confluence of events, an idea came to me to share some conversations with great capital allocators that I’ve been fortunate to know from my time in the business. I lined up my first three guests, and didn’t know what would h
Chris Douvos – Venture Capital’s Super LP (Capital Allocators, EP.14)
Jul 3, 2017 • 70 min
Chris Douvos is Managing Director at Venture Investment Associates, a fund that invests $1B in commitments to venture capital funds. Chris is responsible for the management of relationships with the funds’ managers and the identification and development
Andrew Golden – Beyond the Long Term (Capital Allocators, EP.13)
Jun 26, 2017 • 73 min
Andy Golden is the President of Princeton University’s Investment Management Company (PRINCO). Having grown from $3B at the time of his arrival in 1995 to $22.5B today, PRINCO has been among the highest performing endowments in the world. Andy came to
Mario Therrien – The Canadian Pension Model (Capital Allocators, EP.12)
Jun 19, 2017 • 50 min
Mario Therrien is Senior Vice President of External Portfolio Management at Canadian asset manager Caisse de dépôt et placement du Québec (CDP). CDP oversees $270 billion Canadian ($200B in USD) for the pension funds in the province of Quebec. Mario jo
Larry Kochard – Endowment Professor (Capital Allocators, EP.11)
Jun 12, 2017 • 65 min
Larry Kochard is the CEO and CIO of the University of Virginia Investment Management Company (UVIMCO), where he provides leadership, connectivity to the University, and responsibility for the $8.5 billion long-term investment pool. Before joining UVIMCO
David “Bull” Gurfein - Interdisciplinary Lessons from the Marines (Capital Allocators, EP.10)
Jun 5, 2017 • 73 min
David Gurfein is a decorated Marine Corps Combat veteran whose nickname “Bull” fits the bill. Enlisting at age 17, Bull drove tanks and was an honor graduate from Officer Candidate School while attending Syracuse University. Upon graduation from colle
Jeffrey Solomon – Vision, Tenacity, and Empathy (Capital Allocators, EP.09)
May 30, 2017 • 54 min
Jeffrey Solomon is the President of publicly listed Cowen Group (TK: COWN), a financial services company focused on supporting and providing active management to the marketplace. After graduating from the University of Pennsylvania in 1988, Jeff deferred
Charley Ellis – Multiple Ways to Win (Capital Allocators, EP.08)
May 22, 2017 • 71 min
Charley Ellis is one of the most highly regarded experts in the investment business. After spending nearly a decade as an equity research analyst in the 1960s, Charley founded financial services consulting firm Greenwich Associates in 1972 to help instit
Jennifer Heller – Thinking it Through (Capital Allocators, EP.07)
May 17, 2017 • 53 min
Jenny Heller is the President and Chief Investment Officer of Brandywine Trust Group. Brandywine formed 25 years ago to manage the capital for a small group of families that all share a long-term, multi-generational time horizon. Today, it oversees almos
Josh Brown – When Witchcraft Failed (Capital Allocators, EP.06)
May 9, 2017 • 65 min
My guest today is none other than Josh Brown. Josh is the CEO of Ritholz Wealth Management, a NYC based financial advisor that helps people align their investments with their financial goals. He is well known in social media financial circles for his de
The Bet with Buffett (Capital Allocators, EP.05)
May 2, 2017 • 70 min
Today’s show is a little different from my ongoing series of conversations with Capital Allocators. As you probably know, about 9½ years ago I made a bet with a certain Oracle, in Omaha, that pitted the performance of a group of five hedge fund of fun
Tom Lenehan – Perpetual Thinking at Rockefeller University (Capital Allocators, EP.04)
Apr 27, 2017 • 60 min
My guest on today’s show is Tom Lenehan, the Deputy Chief Investment Officer of The Rockefeller University, where he helps lead the management of the University’s $2B endowment. Rockefeller University is a unique duck – with a focused mission of im
Brett Barth – Asset Allocation for Families (Capital Allocators, EP.03)
Apr 20, 2017 • 53 min
My guest today is Brett Barth, a founder and the CIO of BBR Partners. BBR manages north of $12.5B on behalf of 125 families in its multi-family office. In this episode, we start talking about raising twins, a family issue close to both of our hearts. From
André Perold – Academic Practitioner (Capital Allocators, EP.02)
Apr 13, 2017 • 49 min
My guest on today’s show is André Perold. For those who know André, he needs no introduction. André is the Chief Investment Officer and Co-Managing Partner at HighVista Strategies
Steven Galbraith – Five Tool Player (Capital Allocators, EP.01)
Apr 13, 2017 • 71 min
My first guest on Capital Allocators is Steve Galbraith, an investment manager, brilliant writer, engaging thinker and one of the most well-liked men on Wall Street.
Capital Allocators Trailer
Apr 1, 2017 • 1 min
Welcome to the Capital Allocators Podcast Learn More Read the Subscribe to the Don’t Subscribe, but Write a review on Follow Ted on twitter at Review past episodes of the