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Alternatives, Diversification, and Investor Agency with Jane Buchan | Treussard Talks (E11)

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Alternatives, Diversification, and Investor Agency with Jane Buchan | Treussard Talks (E11)

 

In this conversation, Jane Buchan — CEO of Martlet Asset Management, co‑founder of PAAMCO (which grew to $32B AUM), former Dartmouth finance professor, and longtime CAIA leader — and I dig into what “alternatives” really are, how the space has evolved, and how disciplined due diligence restores clarity and control for sophisticated investors.

We link market mechanics with investor behavior to focus on practical choices that drive outcomes.

You’ll hear us cover:

  • A working definition of alternatives and how they mature from frontier to mainstream
  • Globalization, rising correlations, and why diversification still earns its keep
  • Private equity vs. hedge funds: leverage, long/short mechanics, and capacity limits
  • Private credit and direct lending: floating‑rate reality, regulatory arbitrage, and default plumbing
  • Due diligence in practice: separate accounts, custody risk, and aligning control with ownership
  • Bubble talk without the hype: being roughly right long‑term vs. perfectly timed
  • Investor psychology in alts: expectation setting, story risk, and staying power
  • Building the pipeline in finance and the power of asking better questions

    • Why this matters now: High-net-worth investors face more products and stories than ever. Clear mechanics, sober risk management, and true diversification — not magical thinking — are what preserve agency over outcomes.

    Disclaimer: The content of “Treussard Talks” is for informational and educational purposes only and should not be considered financial advice. The views expressed are those of the host and guests and do not necessarily reflect the opinions of Treussard Capital Management or its affiliates. Listeners should consult with their own financial advisor before making any investment decisions. For full disclosures, visit treussard.com.

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      Treussard Talks.By Jonathan Treussard, Ph.D.