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 experience on Wall Street, including senior roles at investment consultants Aksia and Cliffwater, and at investment managers Cowen, Citadel, Moore Capital, and Morgan Stanley Asset Management. Black Enterprise Magazine recognized him as one of the Most In...
Aug 10, 2020•1 hr 8 min•Ep 151•Transcript available on Metacast 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 stage venture investing, and recently launched Hyperscale, a new strategy that invests in AI-driven startups and connects them with operating companies to build model-driven businesses. Before joining Point72, Matthew started his investment career at ...
Aug 03, 2020•48 min•Transcript available on Metacast 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 behaviors and routines of extraordinary leaders. To give you a sense, he was worked in the White House and the Olympics, with something like 2,000 senior executives and 400 CEOs, and in our world, the most senior executives at JPMorgan, Goldman Sachs, Morga...
Jul 27, 2020•1 hr 5 min•Transcript available on Metacast 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 across PGIM’s portfolio teams and shares long-term views on the investment implications of global megatrends annually. Their most recent Megatrends piece, After the Great Lockdown, is the subject of our conversation. We cover Taimur’s lessons from acad...
Jul 20, 2020•59 min•Ep 149•Transcript available on Metacast 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 private real estate assets with a thematic bent. In getting there, Adam traded his bar mitzvah money, attended law school, and started real estate investment companies in the U.S. and Asia. Our conversation covers Adam’s self-taught trading, early stum...
Jul 13, 2020•59 min•Transcript available on Metacast 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 years ago, Hiro sought to change how large asset owners go about investing capital. Our conversation covers his differentiated thought process across drivers of return, the home country bias, implementation of investing, and structural alignment with...
Jul 09, 2020•1 hr•Transcript available on Metacast 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 Baupost Group. Our conversation discusses Reuben’s path and his approach to sustainable real asset investing in the private markets. We talk about his time at Baupost, transition from broad public market investing to focused venture impact investing p...
Jul 06, 2020•53 min•Transcript available on Metacast 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 management teams on capital allocation, operational initiatives and capital structure, and adds material ESG improvements as a key component of the long-term future success of its portfolio companies. Our conversation covers Lauren’s early interest in...
Jul 02, 2020•49 min•Transcript available on Metacast 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 co-founder, President and portfolio manager at Anchorage Capital, a multi-billion dollar hedge fund. Our conversation covers Tony’s early career experience at Goldman Sachs, key lessons from twenty years at Anchorage Capital, his retirement and philanthr...
Jun 29, 2020•54 min•Transcript available on Metacast 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. Over the years, Richard grew passionate about the environment and ESG principles, and quietly integrated them in Overlook’s research process starting a decade ago. Our conversation covers the ESG integration lens at Overlook. We discuss stories of ea...
Jun 25, 2020•46 min•Ep 144•Transcript available on Metacast 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 investment and business philosophies that interconnected to drive extraordinary results for its partners. Overlook has compounded capital at an annualized 14.5%, outperforming its benchmark by an insane 9% per annum. But that’s not all, as Richard wo...
Jun 25, 2020•59 min•Transcript available on Metacast 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 organizations, building businesses at Goldman Sachs, and David’s fortuitous introduction to Al Gore. We turn to Generation’s investment philosophy, principles, and investment process, including its focus on desirable industries, great businesses, and ...
Jun 22, 2020•57 min•Ep 143•Transcript available on Metacast 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 landscape of over one thousand sustainable investing focused funds and shares a glimpse of what that research discovered. We discuss Manny’s path to founding Volery, mapping the universe of impact managers, identifying attractive manager characteristics and...
Jun 18, 2020•47 min•Transcript available on Metacast 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 at GSAM. Bob was one of the original inductees into Risk Magazine’s Risk Management Hall of Fame and is well known for co-developing the Black-Litterman Global Asset Allocation model with the late Fisher Black. After leaving Goldman in 2009, he beca...
Jun 15, 2020•54 min•Transcript available on Metacast 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 Cambridge Associates work with its 150 clients focused on the space. Our conversation provides an allocator’s overview of sustainable investing. We start with Liqian’s path and turn to how interested investors go about creating and implementing sustainable ...
Jun 11, 2020•1 hr 7 min•Transcript available on Metacast 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 asset managers on the 10 person Board of the UN PRI, or United Nations-supported Principles for Responsible Investment. PRI is the world’s leading proponent of responsible investment, canvassing 2,500 signatories globally across asset owners, asset ...
Jun 08, 2020•1 hr 10 min•Ep 139•Transcript available on Metacast 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 Vanguard Healthcare Fund, three global healthcare hedge funds, and global healthcare sector portfolios. She joined Wellington after graduating from college in 1991 and has been at the firm ever since. Our conversation covers Wellington’s humanistic culture, its evo...
Jun 08, 2020•52 min•Transcript available on Metacast 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 biopharmaceutical assets. The firm is a leader in the space and has invested over $3 billion in 70 investments since its founding 14 years ago. Our conversation covers Clarke’s background in investment banking and path to pharmaceutical royalties in the earl...
Jun 01, 2020•58 min•Transcript available on Metacast 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 years. Our conversation starts with Brett’s education, in which he majored in lacrosse and minored in school. We hit on the early days of CDOs, putting his knowledge to work at Marathon Asset Management, taking a break, and then starting Hildene in t...
May 25, 2020•1 hr 12 min•Transcript available on Metacast 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 in 2008 after winning a national championship at Johns Hopkins. He is a 7-time Champion and 3-time MVP. Alongside his on-the-field accomplishments, Paul is a passionate entrepreneur who was the first lacrosse player to earn $1 million in endorsements. Our...
May 25, 2020•59 min•Transcript available on Metacast 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 people do dumb things. Daylian teaches a course in negotiations and we turned to that for the subject of this show. Our conversation covers tactics for successful negotiating, things like preparing, deciding whether to ‘go first’, playing a weaker hand, as...
May 18, 2020•1 hr 3 min•Transcript available on Metacast 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 dozen before that at Ibbotson Associates. Our conversation starts with lessons Larry learned in his time as an allocator and turns to his recent paper describing the 10 Myths of investing, an allocator’s version of Byron Wien’s annual surprises. After w...
May 11, 2020•57 min•Ep 137•Transcript available on Metacast 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. Our conversation focuses on this innovative joint venture and how a group of large asset owners came together to scale their resources. We touch on a host of issues relating to the formation and implementation of the business, the many possibilities t...
May 04, 2020•1 hr 2 min•Ep 136•Transcript available on Metacast 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 conversation touches on the separation of short-term and long-term strategies, different responses across hospitals, public funds, corporate funds and private clients, opportunities in credit, the state of private equity, due diligence conducted virtu...
Apr 30, 2020•20 min•Transcript available on Metacast 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 firm. In each of 2014, 2015, and 2016, CIO Magazine recognized Tim as one of the world’s most influential consultants. Our conversation covers NEPC’s client centric model, meeting the needs of a range of client types, forming and implementing capital...
Apr 30, 2020•58 min•Transcript available on Metacast 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 ordeals, valuing connection, and discovering creativity. We close with a simple tip to participate in something bigger than yourself, and a poetic word about kindness. If you’d like to learn more about Michael and his work, in which I’ve been an active...
Apr 27, 2020•31 min•Transcript available on Metacast Both times I was interviewed (by Khe Hy and Patrick O'Shaughnessy ) 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 the mountains of West Virginia provides a setting and platform for each participant to access their best self. Michael Mervosh is the deeply insightful Executive Director of the Hero’s Journey Foundation, an organization he created that prov...
Apr 27, 2020•1 hr 13 min•Transcript available on Metacast 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 conversation covers communicating remotely, adding value incrementally in volatile markets, managing time, considering liquidity, and playing offense. Join Ted's mailing list at CapitalAllocatorsPodcast.com Write a review on iTunes Follow Ted on twitter at @tse...
Apr 23, 2020•31 min•Transcript available on Metacast 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 dollar endowment. It’s another master class in endowment management from a seasoned veteran. 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 t...
Apr 23, 2020•1 hr 13 min•Transcript available on Metacast 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 I discussed his second book, The Geometry of Wealth, on Episode 57 that follows on the feed. He is currently a financial wellness consultant for advisors, corporations, and industry associations. Jonathan is a financial advisor at Ritholtz Wealth Ma...
Apr 20, 2020•36 min•Ep 132•Transcript available on Metacast 
