Capital Allocators – Inside the Institutional Investment Industry
Ted Seides – Allocator and Asset Management Expert
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Top 10 Capital Allocators – Inside the Institutional Investment Industry Episodes
Goodpods has curated a list of the 10 best Capital Allocators – Inside the Institutional Investment Industry episodes, ranked by the number of listens and likes each episode have garnered from our listeners. If you are listening to Capital Allocators – Inside the Institutional Investment Industry for the first time, there's no better place to start than with one of these standout episodes. If you are a fan of the show, vote for your favorite Capital Allocators – Inside the Institutional Investment Industry episode by adding your comments to the episode page.
Mike Trigg – Defying the Fade at WCM (Capital Allocators, EP.162)
Capital Allocators – Inside the Institutional Investment Industry
11/02/20 • 58 min
You may remember my popular first meeting from a few years ago with Paul Black of WCM, then a $25 billion asset manager in Laguna Beach, CA. Since then, WCM has gone up and to the right in every way, they sold a minority piece of the business to Natixis, continue to put big numbers on the board, and have grown to north of $66 billion, defying the fade of active management outflows. My guest on today’s show is Mike Trigg, a partner and portfolio manager of WCM’s Focused International Growth strategy that comprises the majority of the firm’s assets. We discuss Mike’s background, arrival at WCM in 2005, near implosion of the firm shortly thereafter, and the rising of the international strategy from those ashes. We then dive in deeper to the core tenants of WCM’s approach, discussing how the firm analyzes widening moats and cultures tied to competitive advantage. Lastly, we talk about how WCM’s growth has impacted the firm.
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2 Listeners
Chris Voss – Listening, Human Nature, and Negotiations (Capital Allocators, EP.252)
Capital Allocators – Inside the Institutional Investment Industry
05/30/22 • 43 min
Chris Voss is the founder of the Black Swan Group, where he works with individuals, teams, and companies in the art of negotiation. Chris is the author of best seller “Never Split the Difference” and learned his trade in his 24 years in the FBI, during which he served as the FBI’s lead international kidnapping negotiator, the lead Crisis Negotiator for the NYC Division, and as a member of the NYC Joint Terrorist Task Force. Our conversation covers techniques in listening and conversation that evolve from Chris’ deep understanding of human nature, including setting the stage, mirroring, labeling, decision fatigue, “no” oriented questions, and overcoming fear. We then turn to preparing for a negotiation, reconciling negatives, and positive demeanor.
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Seth Klarman – Timeless Value Investing (EP.328)
Capital Allocators – Inside the Institutional Investment Industry
07/17/23 • 93 min
Seth Klarman is a legendary value investor and CEO and Portfolio Manager of The Baupost Group, an investment firm founded in 1982 that manages $27 billion. Seth authored the very out-of-print Margin of Safety and edited the recently released 7th edition of Graham and Dodd’s value investing classic, Security Analysis. Our conversation covers Seth’s early experience in business and investing, path to Baupost, timeless value investing principles and those that have changed over time. We discuss Baupost’s application of value investing across sourcing, diligence, portfolio construction, and risk management. We then turn to Seth’s thoughts illiquidity, international investing, the weird current environment, positioning portfolios for it, alignment with clients, succession at Baupost, and his updated perspectives on Securities Analysis and Margin of Safety. We close discussing Seth’s personal investments in the Boston Red Sox, horse racing, and philanthropy. Seth generally stays away from the public eye, so I was particularly grateful to share this conversation some twenty-five years after we first met. 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
2 Listeners
Chris Sacca – Hustling to Save the Planet at Lowercarbon (Capital Allocators, EP.321)
Capital Allocators – Inside the Institutional Investment Industry
06/12/23 • 76 min
Chris Sacca is one of the most accomplished venture investors of the last half century. He founded Lowercase Capital in 2010 and made seed stage investments in Twitter, Uber, Instagram, Blue Bottle Coffee, and Stripe. Lowercase’s first fund famously became one of the highest returning venture funds in history and landed Chris at #2 on the Midas List in 2017. After retiring together with his wife Crystal that year, they came back to the business to found Lowercarbon Capital to fund “kickass companies that make money slashing carbon emissions.” Lowercarbon manages in excess of $2 billion of outside capital, excluding its largest investor – Chris and Crystal. Our conversation covers Chris’s humble upbringing, early entrepreneurial endeavors, and ups and downs in his early professional years. We cover his transition to Google, foundations of his investing philosophy at Lowercase, and work today at Lowercarbon. Along the way, Chris shares his sourcing of deals, evaluation of founders, and work with portfolio companies. He is a gifted storyteller and a walking case-study on grit. 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
1 Listener
Classic Deal: HCA – Chris Gordon, Bain Capital (EP.335)
Capital Allocators – Inside the Institutional Investment Industry
08/28/23 • 51 min
Next week, we’ll release the first episode of Season 3 of Private Equity Deals, this time focusing on deals in the middle market. As an interlude between Season 2 and 3, this week’s show is a classic – it’s Bain Capital and KKR’s take private of Hospital Corporation of America (HCA) in 2006. The $33 billion club deal was the largest private equity transaction in history at the time and was significantly larger than any deal since KKR’s famous run at RJR Nabisco in the late 1980s. The HCA deal showed the private equity industry the scale of what was possible and set the stage for both mega buyouts and public to private deals ever since. My guest is Chris Gordon, a Partner and Co-Head of Private Equity in North America for Bain Capital. Bain Capital today is one of the world’s largest private, multi-asset investing firms that oversees over $165 billion in assets. Seventeen years ago, Chris was a younger member of Bain Capital’s HCA deal team. HCA is one of the nation’s leading healthcare services providers, with over 182 hospitals and 2,300 sites of care in 20 states and the United Kingdom. Its origins date back to 1968 when it was one of the first hospital companies in the United States. Our conversation covers HCA’s history, the private equity environment in the mid-2000s, and the impetus for the HCA buyout. We discuss the complexity of navigating a large-scale transaction, conducting due diligence discretely, navigating the financial crisis, and what happened to the company. We turn to HCA’s return to the public markets through an IPO in 2011, Bain Capital’s eventual exit of the investment, and the implications of the deal on the firm and industry. 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
1 Listener
Gregg Lemkau - The Evolution of MSD (Capital Allocators, EP.291)
Capital Allocators – Inside the Institutional Investment Industry
01/09/23 • 57 min
Gregg Lemkau is the CEO of MSD Partners, the investment firm with roots as Michael Dell's family office. MSD was formed in 1998 to manage $400 million of Michael's capital. In the ensuing twenty-five years, that initial $400 million has grown to north of $20 billion. Gregg joined MSD two years ago after a twenty-eight-year career at Goldman Sachs, where he rose to Co-Head of Investment Banking, served on the Firm's Management Committee, and was widely considered one of a few candidates to succeed David Solomon as Goldman's CEO. Our conversation covers Gregg's career path at Goldman and lessons learned, including entertaining stories about his work with such fascinating entrepreneurs as Elon Musk and Travis Kalanick. We discuss his decision to join MSD, the firm's history, objectives, competitive advantages, and investment capabilities. We then turn to MSD's recently announced merger with BDT Partners, including the rationale, process, and integration of the businesses. We close with a look into the future of the transformed organization. Access Stream by AlphaSense Free Trial
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 Membership1 Listener
Michael Schwimer – Moneyball as an Investment Strategy (Capital Allocators, EP.72)
Capital Allocators – Inside the Institutional Investment Industry
10/15/18 • 55 min
Michael Schwimer is the CEO of Big League Advance, a company that makes investments in Minor League baseball players in exchange for an agreed-upon percentage of their future earnings. Before founding BLA, Michael was a professional baseball player, working his way through the minors and reaching the majors as a pitcher for the Philadelphia Phillies. A shoulder injury left him pondering what to do next, which led to the creation of BLA.
Our conversation discusses Michael’s career as a player, the difficult life of Minor Leaguers, and his mission to improve their fortunes. We discuss his passion for statistics, application of Sabremetrics, and development of a team of All-Stars in the game of sports analytics. We close with a look into the future of BLA and Michael’s prediction for this year’s World Series Champion. Whether his bet proves right or wrong, Michael’s rationale exemplifies second order thinking through the lens of data analytics that is never far from his mind.
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Matthew Granade – Inside Data Science at Point72 (First Meeting, EP.22)
Capital Allocators – Inside the Institutional Investment Industry
08/03/20 • 47 min
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 Bridgewater and later was a co-founder of Domino Data Lab, a business that develops systems-of-record for enterprise data science teams across industries. Our conversation covers Matthew’s work optimizing the research process at Bridgewater, creating Domino Data, and leaving the company to join Point72. We turn to his tackling research and data science at Point72, blending the power of computers and humans, and overseeing Point72 ventures and Hyperscale.
Learn More Read the Transcript Subscribe to the Capital Allocators Blog or Monthly Mailing List Don't Subscribe, but Let Us Know Who You Are Write a review on iTunes Follow Ted on twitter at @tseides Review past episodes of the Podcast
1 Listener
Annie Duke – Decision Making in a Crisis (Capital Allocators, EP.132)
Capital Allocators – Inside the Institutional Investment Industry
04/20/20 • 35 min
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 Management, a prominent and fast-growing RIA.
And Annie is a regular on the show. She’s a poker legend, decision-making theorist and best selling author. And, she’s releasing a new book later this year entitled How To Decide, but that’s subject matter for another show down the road
What follows is the segment of their call pertaining to the crisis. They discuss the difference between complicated and complex decisions, the tradeoff between time and certainty when making decisions, the process of preparing clients to make good investment decisions today, and decision-making education for children.
Please enjoy Brian and Jonathan’s conversation with Annie Duke.
Learn More Read the Transcript Subscribe to the Capital Allocators Blog or Monthly Mailing List Don't Subscribe, but Let Us Know Who You Are Write a review on iTunes Follow Ted on twitter at @tseides Review past episodes of the Podcast
1 Listener
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Stephen McKeon – NFTs and the Consumer in Web3 (EP.255, Crypto for Institutions 2, EP.02)
Capital Allocators – Inside the Institutional Investment Industry
06/16/22 • 61 min
1 Listener
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FAQ
How many episodes does Capital Allocators – Inside the Institutional Investment Industry have?
Capital Allocators – Inside the Institutional Investment Industry currently has 633 episodes available.
What topics does Capital Allocators – Inside the Institutional Investment Industry cover?
The podcast is about Podcasts, Investing and Business.
What is the most popular episode on Capital Allocators – Inside the Institutional Investment Industry?
The episode title 'Mike Trigg – Defying the Fade at WCM (Capital Allocators, EP.162)' is the most popular.
What is the average episode length on Capital Allocators – Inside the Institutional Investment Industry?
The average episode length on Capital Allocators – Inside the Institutional Investment Industry is 54 minutes.
How often are episodes of Capital Allocators – Inside the Institutional Investment Industry released?
Episodes of Capital Allocators – Inside the Institutional Investment Industry are typically released every 4 days.
When was the first episode of Capital Allocators – Inside the Institutional Investment Industry?
The first episode of Capital Allocators – Inside the Institutional Investment Industry was released on Apr 1, 2017.
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