Capital Allocators Monthly - December 2021

January 1, 2022 by Ted Seides

“The luckier you are, the nicer you should be.”

Morgan Housel


Our Investment Vehicle. Our launch announcement is coming in January. Due to regulations, we can only share information with confirmed accredited investors.

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Executive Education for Investment Professionals. Registration for our spring cohort of Capital Allocators University is open. Discounts are available for non-profits and for group registration.

Register Today Here!

Hot Jobs to Share. Send interesting opportunities our way and we’ll share them with the community. For job hunters, our Premium members get an early look at Hot Jobs before the rest of the crowd.

Managing Director, CAIA Curriculum. This is an opportunity for an innovative leader to source, develop, and create the curriculum for the CAIA Programs. The role requires a strong understanding of global investment industry markets, trends, and asset classes alongside excellent communication and presentation skills. View Posting Here.

Associate Director at Boston-based Endowment. The Associate Director will work with the CIO to invest and oversee investment strategies across multiple asset classes with a focus on private investments. View Posting Here.

Analyst, Satori Alpha/XL. This Texas-based multi-strategy investment firm is looking for an analyst to research and assemble actionable ideas on non-mainstream areas of the investment world (AI, alt data, disruptive technologies, and digital assets). View Posting Here.

A Word from Our Sponsors

Janus Henderson Investors. This month from JHI’s institutional blog, past Manager Meetings guest Daniel J. Graña, CFA explains how emerging markets have seized upon the digital revolution to modernize their economies and create innovative business models to address local business needs.
Read EM Now Fertile Ground for Innovation

Northern Trust Front Office Solutions. The team at Northern Trust FOS recently released a machine learning module for asset owner research management to provide better oversight of the entire research process.
Read on the Release

Venn by Two Sigma. Venn is a modern analytics platform developed specifically for capital allocators. In recent weeks, Venn has fielded questions from clients about how to evaluate and interpret the impact of inflation. Their research team wrote extensively about the topic this year.
Read Forecasting Inflation Like a Data Scientist

Aumni. Welcome to our newest sponsor of the Venture is Eating the Investment World series! Wondering if the terms in that term sheet are market? Aumni’s Benchmarking Term Sheet tool can help you instantly view market data on a term-by-term basis while preparing a draft term sheet based on NVCA’s model legal document.
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Top Books From 2021

Ted’s annual rundown of the five books he most enjoyed this year. These were too hard to rank, so we’ve listed them in alphabetical order by author.

1. The Caesars Palace Coup, Max Frumes and Sujeet Indap. An insider’s telling of the Caesars bankruptcy proceedings with an all-star cast of money manager characters.
Read The Caesars Palace Coup

2. The Power Law, Sebastian Mallaby. Mallaby fantastic history of venture capital comes out in January. I suspect will be a bestseller in 2022.
Read The Power Law

3. How to Change, Katy Milkman. Milkman lists a set of obstacles to creating desirable change and an approach to overcoming them, including why New Year’s Resolutions work!
Read How to Change

4. The Surrender Experiment, Michael Singer. Part business story, part spiritual journey, Singer describes how letting go of directing his life led to an amazing adventure.
Read the Surrender Experiment

5. Wooden, John Wooden. The legendary UCLA basketball coach offers page after page of worldly wisdom.
Read Wooden

Honorable Mention: Capital Allocators: How the World’s Elite Money Managers Lead and Invest. I hear this book is pretty good.
Read Capital Allocators


Past Capital Allocators Episodes

EP.225: Ian Charles & Doc O’Connor – Investing in Sports Teams at Arctos Sports Partners

EP.226: Christopher Zook – Thematic Investing and Raving Fans at CAZ Investments

EP.227: Paul Black & Mike Trigg – How to Build a $100B Money Manager

EP.228: Year in Review 2021

Past Manager Meetings Episodes

EP.22: Will Cook, Sunriver Management – Interviewed by Ben Cooper

EP.23: Bill Trenchard, First Round Capital – Interviewed by Chris Douvos

EP.24: Jarrid Tingle & Henri Pierre-Jacques, Harlem Capital – Interviewed by Jason Klein

EP.25: Justin Fishner-Wolfson, 137 Ventures – Interviewed by Nat Fraser

EP.26: Jamie Montgomery, March Capital – Interviewed by Eric Upin