I Don't Know. I have questions on my mind for which my best answer is "I Don’t Know." These include issues around sovereign debt, asset allocation, an economic slowdown, the stock market, private credit, and life itself.
Capital Allocators University Registration is Open. We’re hosting the fourth cohort of CAU in New York City on September 14th. Join a few dozen allocators to learn frameworks on Interviewing Money Managers, Investment Decision-Making, Leadership & Management, and Investing. CAU is designed for allocators only with 5-15 years of experience in the role. You’ll have a chance to meet some great peers and learn a lot in an information-filled day.
1. Are Fund Manager Meetings a Waste of Time? Joe Wiggins. Well no, but Wiggins does a nice job of laying out behavioral biases we should consider when interviewing managers.
2. Mastering LP Relationships, John-Austin Saviano. Former CIO at UC Berkeley and past guest John-Austin Saviano penned a terrific piece describing how managers can improve their relationships with investors.
3. Sam Zell: the Passing of a Legend. Famed contrarian investor Sam Zell passed away this week due to complications from a recent illness. He was wise, irreverent, and witty. Our podcast episode last year has quickly become one of the top three in the show's history, and in short order will be the most listened to of them all.
4. Four Types of Investors, Rich Falk-Wallace. Former hedge fund analyst and PM at Viking and Citadel, categorizes equity investors into Extrapolators, Imposers, Followers, and Synthesizers.
5. The Age of Average, Alex Murrell. Across media, fashion, marketing, architecture, and transportation, our preferences and tastes around the world have converged.
BONUS: Smoothest ping pong shot I've ever seen. Calm, cool, and collected, this table tennis player gets one over on his opponent to win the point.
EP.312 Ashby Monk - Executive and Research Director of the Stanford Research Initiative on Long-Term Investing, Dr. Ashby Monk discusses investor identity, navigation, and resilience.
EP.313 Tony Yoseloff - Managing Partner of Davidson Kempner Capital Management, Tony discusses the 40-year tenure of the firm.
EP.315 Marc Lasry - Chairman, CEO, and Co-Founder of Avenue Capital Group, Marc discusses his career, distressed investing, and the Milwaukee Bucks.
EP.316 Amy Falls - CIO at Northwestern University, Amy discusses going from bonds to boards to leading Northwestern.
EP.318 Hedge Fund Panel - Craig Bergstrom, CIO and Managing Partner of Corbin Capital Partners, Adam Blitz, CEO and CIO of Evanston Capital Management, and Dan Fagan, portfolio manager at GIC, Singapore’s sovereign wealth fund give a true master class in hedge funds.
S.2 EP.06 Selective Search - Founder and CEO of Permanent Equity, Brent Beshore discusses the exclusive matchmaking service.
S.2 EP.07 Mavis Tire Express Services - David Roux and Tom O'Rourke of BayPine discuss bringing the tire service into the modern era through digital transformation.
Numerai. Numerai is building a next-generation long/short market neutral hedge fund, gathering the best data scientists in the world to contribute machine learning models on the highest quality stock market data.
Northern Trust. Asset owners are becoming increasingly more complex and powerful in the way they manage their portfolios. EVP and Head of Asset Owners Americas, Melanie Pickett, discusses this complexity, the impacts of trends influencing asset owners, and how Northern Trust is supporting the asset owner community. One of these podcasts should be very familiar!
Bipsync. The great divide in private market investing. Once a private equity commitment is made, the type, depth and volume of information insights available to the investor can change significantly. Read the blog where we explore how an enduring research management system can bridge this divide in private market investing.
Canoe Intelligence. How are private markets investors and allocators navigating continued growth in the asset class? This paper explores the reasons behind the expansion in alternatives, the challenges it has created, and how technology, standardization, and industry expertise can provide a solution.