Capital Allocators – Inside the Institutional Investment Industry

Latest Episodes:

Raelan Lambert, John Jackson, and Erik Sebusch – Inside Mercer Consulting (EP.345) Oct 23, 2023

Show notes

Raelan Lambert, John Jackson, and Erik Sebusch are three of the leaders at Mercer Alternatives, the alternative investment arm of the consulting juggernaut. Mercer advises on $16.5 trillion of assets and manages $400 billion, of which $160 billion under advisement and $25 billion under management is under the Mercer Alternatives umbrella. Raelan is Mercer's Global Alternatives leader, John is the Head of Diversifying Alternatives, its hedge fund group, and Erik is the Global Strategy Leader in Venture Capital. Our conversation provides a glimpse inside Mercer. Raelan shares an overview of the alternatives business, John delves into the hedge fund research process that informs its approved list, and Erik does the same for venture capital. Learn More Follow Ted on Twitter at @tseides or LinkedIn Subscribe to the mailing list Access Transcript with Premium Membership

Isaac Corre – Event-Driven Investing at Governors Lane (EP.344) Oct 16, 2023

Show notes

Isaac Corre is the founder, CEO, and Portfolio Manager of Governors Lane, a hedge fund he launched in 2015 focused on event-driven strategies. Isaac describes himself as the least likely person to end up on Wall Street, coming to the business from an academic family and a legal background before finding a passion for the business.

Our conversation covers where event-driven investing was twenty years ago and where opportunities and challenges lie today across the disciplines of merger arbitrage, event-driven equities, and event-driven credit. Isaac brings the kind of thoughtful and methodical insights to event-driven investing that are required to succeed in the discipline.

Learn More Follow Ted on Twitter at @tseides or LinkedIn Subscribe to the mailing list Access Transcript with Premium Membership

WTT - NAV Loans: Canary or the Gold Mine? Oct 14, 2023

Show notes

NAV loans are the latest development in private equity. Private credit managers see NAV loans as gold mines. Private equity managers are testing the waters. LPs whose capital is at risk are on the lookout for trouble. I've been thinking about NAV loans and what they might mean for private equity participants.

Read Ted's blog here.

Finny Kuruvilla – The Fourth Source of Alpha at Eventide (EP.343) Oct 12, 2023

Show notes

This Sponsored Insight features Finny Kuruvilla, the Co-Chief Investment Officer, Founding Member, and healthcare Portfolio Manager at Eventide Asset Management. Eventide is a Boston-based firm that manages $6.8 billion (as of 6/30/2023) and brings a distinct values-based approach to investing across generalist and healthcare strategies.

We discuss Finny's path to founding Eventide with $100,000 in capital, the firm's mission-driven, values-based philosophy, which they started long before ESG was a known acronym, integrating values with the investment process, and what success means in the years ahead.

More on Eventide: Website | LinkedIn

Learn More Follow Ted on Twitter at @tseides or LinkedIn Subscribe to the mailing list Access Transcript with Premium Membership

This information is for use with concurrent or prior delivery of a fund prospectus, which can be obtained at https://www.eventidefunds.com/prospectus or by calling 1-877-771-EVEN (3836). Investors should consider a fund's investment objectives, risks, charges and expenses carefully before investing or sending money. Eventide Mutual Funds are distributed by Northern Lights Distributors, LLC, Member FINRA/SIPC, which is not affiliated with Eventide Asset Management, LLC.

Sonya Sawtell-Rickson – Total Portfolio Approach at Australian Superannuation HESTA (EP.342) Oct 09, 2023

Show notes

Sonya Sawtell-Rickson is the Chief Investment Officer of Australian Superannuation Fund HESTA, a AUD 75 billion ($50 billion) pool dedicated to health and community service workers. HESTA services 90,000 employers and a million members, 80% of whom are women.

Sonya is one of Australia's biggest stars in employing a total portfolio approach to the management of assets. We discussed this approach in past conversations with Raff Arndt from Australia Future Fund and Matt Whineray, then CEO of New Zealand Super. TPA generally uses more granular risk management and fine-tuning of incremental portfolio decisions than an asset allocation approach.

Our conversation highlights the beliefs, benchmarks, culture, and implementation that drive HESTA's total portfolio approach. We also dive into HESTA's objectives related to climate solutions and diversity that go alongside its real return goals.

Learn More Follow Ted on Twitter at @tseides or LinkedIn Subscribe to the mailing list Access Transcript with Premium Membership

Dmitry Balyasny – Multi-Strategy Platform at BAM (EP.341) Oct 02, 2023

Show notes

Dmitry Balyasny is the founder, Managing Partner, and Chief Investment Officer of Balyasny Asset Management, a $21 billion multi-strategy hedge fund considered one of the leading multi-manager platforms. The firm launched in the early 2000s and today has 2,000 employees across 15 global offices. Our conversation is a master class in all aspects of the multi-manager model. We cover everything - learning to trade, building new strategies, attracting talent, managing an individual pod, portfolio and risk management, the competitive landscape, and the future. Dmitry is a gifted money manager and business builder, and both sides come out in spades. For full show notes, visit the episode webpage here. Learn More Follow Ted on Twitter at @tseides or LinkedIn Subscribe to the mailing list Access Transcript with Premium Membership

Alan Forman – Yale Endowment Real Estate (EP.340) Sep 25, 2023

Show notes

Alan Forman is the former Director of Real Estate at the Yale Investments Office, where he spent 31.5 years before retiring last year. For three decades, Alan was one of the core four at Yale alongside David Swensen, Dean Takahashi, and Tim Sullivan. In his next chapter, he hung a shingle named Blue Orchard Capital, where he works with real estate managers to help them understand best practices in the industry. In our conversation, Alan shares rare insight into Yale's investment operation and, in particular, highlights the consistent and essential importance of people and alignment in Yale's strategy. We walk through how he applied the process to the real estate asset class and how he's looking to help the next generation of great real estate managers in his post-Yale endeavors. For full show notes, visit the episode webpage here. Learn More Follow Ted on Twitter at @tseides or LinkedIn Subscribe to the mailing list Access Transcript with Premium Membership

Muthu Muthiah - Inefficiency and Innovation at CHOA (EP. 339) Sep 18, 2023

Show notes

Muthu Muthiah is the Chief Investment Officer of Children's Healthcare of Atlanta (CHOA), one of the largest pediatric clinical care providers in the U.S. Muthu stewards CHOA's $6 billion long term pool of capital, arriving a year ago after stints across a range of allocator seats the past twenty years.

Our conversation covers Muthu's mobile upbringing, path to finance, and lessons learned working for a range of asset owners. We discuss his first CIO seat at Inatai, where he oversaw a $2 billion portfolio starting with a clean sheet of paper, and his new seat at CHOA, including the portfolio framework, team structure, and aspiration to achieve concentration, search for inefficiency, and invest in innovation.

For full show notes, visit the episode webpage here.

Learn More Follow Ted on Twitter at @tseides or LinkedIn Subscribe to the mailing list Access Transcript with Premium Membership

Adam Karr – Extreme Alignment at Orbis (EP.338) Sep 14, 2023

Show notes

Today's sponsored insight is with Adam Karr, the President and Portfolio Manager at Orbis, a $35 billion global equity manager founded in 1989 by legendary Fidelity alum Allan Gray. Orbis blends unique business practices with a long-term intrinsic value investment model designed to invest differently.

Our conversation dives into Orbis' business practices intended to create alignment, including a fee structure with rebates and a permanent ownership model. We then go through the investment approach that features thirty-five analyst shadow portfolios to bring data and independent thinking to portfolio construction. Orbis' model has rich lessons for managers and allocators alike.

For full show notes, visit the episode webpage here.

Learn More Follow Ted on Twitter at @tseides or LinkedIn Subscribe to the mailing list Access Transcript with Premium Membership

Marlene Puffer – Canadian Pension Model at AIMCo (EP.337) Sep 11, 2023

Show notes

Marlene Puffer is the CIO of Alberta Investment Management Corporation (AIMCo), where she oversees $160 billion on behalf of 17 pensions, endowments, insurance and government funds in the province of Alberta, Canada. AIMCo is one of the "Maple 8" Canadian pension managers that together oversee $2 trillion in assets and are innovators in institutional portfolio management.

Our conversation covers Marlene's path to pension management from roots in academia and fixed income, her first CIO role at the Canadian National corporate pension fund, and transition to AIMCo earlier this year. We discuss AIMCo's asset-liability matching investment strategy, global team, internal and external management, compensation, external manager selection, opportunities and risks, and the unique qualities of Canadian pensions.

For full show notes, visit the episode webpage here.

Learn More Follow Ted on Twitter at @tseides or LinkedIn Subscribe to the mailing list Access Transcript with Premium Membership

Our TOPPODCAST Picks

Follow Us

Stay Connected

Capital Allocators – Inside the Institutional Investment Industry

Related Podcasts

Links

Stay Connected