Capital Allocators Monthly Newsletter - August 2025
- Barry Diller
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1. Narrative Liquidity.
Article | 5 Min to Read
A powerful message about the importance of storytelling to success in asset management.
2. Questioning Private Equity.
Articles | 12 Min to Read
Josh Brown offers a skeptical perspective on the wily ways of Wall Street, and Dan Rasmussen calculates historical private equity returns after incorporating a ‘mark-to-market’ discount on exit.
3. KISS: Endowment Liquidity.
Article | 5 Min to Read
Jason Zweig questions the illiquidity of endowment portfolios.
4. Remember Small Caps?
Article | 8 Min to Read
Jason Zweig reminds investors about massively out-of-favor small cap stocks.
5. Enjoy the journey.
Blogs | 10 Min to Read
David Epstein writes about Scottie Scheffler’s winning perspective on life, and Jen Prosek shares the power of ‘micro adventures.’
EP. 354 Nicolai Tangen – CEO of Norges Bank Investment Management, Nicolai Tangen discusses his investment path.
EP. 104 Ash Williams – Former Executive Director and CIO of the Florida State Board of Administration, Ash Williams covers the many aspects of managing a large pools of assets.
EP. 318 Hedge Fund Panel – Craig Bergstrom (Corbin Capital), Adam Blitz (Evanston Capital), and Dan Fagan (GIC) discuss their investment approaches, the impact of higher rates, liquidity management, and contagion risks.
EP. 262 Mario Giannini – CEO of Hamilton Lane, Mario Giannini, covers a brief history of the private equity industry over the last thirty years.
EP. 7 Jenny Heller (2017) – President and Chief Investment Officer of Brandywine Trust Group, Jenny Heller traces her path from microfinance to capital allocation.
EP. 211 Jenny Heller (2021) – Jenny Heller’s second conversation explores her approach to research, manager evaluation, and views on teams and culture.
EP. 334 Stan Miranda – Co-Founder and Chairman Emeritus of Partners Capital, Stan Miranda discusses the endowment model, scaling, manager selection, and portfolio and business challenges from team structure to succession.
EP. 57 Ashley Sweren – COO and CCO at Standard Crypto, Ashley Sweren discusses running a crypto fund.
EP. 58 Ryan Teal – Ryan Teal, Partner and Head of Operational Due Diligence at Albourne, explores AI adoption trends, survey insights, and the benefits of transcription, automation, and data.
Take a glimpse into WCM’s unique perspective on culture.
This testimonial is being provided by Capital Allocators, who has been compensated a flat fee by WCM. This payment was made in connection with Capital Allocators’ testimonial and production of podcasts and does not depend on the success or level of business generated. The opinions expressed are solely those of Capital Allocators and may not reflect the opinions of others. Investing involves risks, including the possible loss of principal. Past performance is not indicative of future results. Please visit wcminvest.comfor WCM’s ADV and further information.
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