Capital Allocators – Inside the Institutional Investment Industry

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

André Perold is the Chief Investment Officer and Co-Managing Partner at HighVista Strategies, where for the last dozen years he has sat at the helm of a now $3 billion fund that takes a multi-asset class, endowment-like approach emphasizing broad diversification and risk management. Over this period, André has definitively rebuffed the cliché that those who can't do, teach. In his prior career, he spent over 30 years teaching at the HBS, where he is the George Gund Professor of Finance and Banking, Emeritus. André had a distinguished career teaching investment management at Harvard and is a legendary master of the case study classroom. Just about everyone in the investment profession with Harvard Business School on their resume took a seat in his classroom at one point in time. André received numerous awards for teaching excellence, including being voted the School's most outstanding professor in a Business Week student survey. While at Harvard, André authored and co-authored 27 articles in financial journals, two books, and over 100 case studies, all relating to investment management, capital markets, and the financial system. He literally chronicled the development of modern finance as it occurred through is work at HBS. Among his directorships and trustee roles over the years, André currently is a Board member at The Vanguard Group. In this episode, we spend the first 11:30 talking about teaching at Harvard, and then turn to the practice of investing: the active vs. passive debate, a risk-based approach to asset allocation, and what makes investing so hard. I found it fascinating hearing how André takes all of his academic experience and knowledge and applies it the practice of investing at HighVista. His wisdom and clarity of thought are second to none, and his soothing South African accent only adds to the allure. Learn More Follow Ted on Twitter at @tseides or LinkedIn Subscribe to the mailing list Access Transcript with Premium Membership

AI is top of mind for everyone in the investment business. Our Summits are abuzz with curiosity about what others are doing.

I asked 8 CIOs to share how they're using AI today, including what's working and what isn't, the tools they've adopted, and where they're headed next. They range from a single-family office with one investment professional to one of the largest pension funds in the world with thousands.

What emerged is a range of use cases — from using AI as a personal productivity tool, to changing investment workflows, organizing institutional knowledge, improving decisions, and ultimately trying to generate alpha.

You'll also hear some consistency in the tools currently used and different views on how far AI should go in the investment process.

Featured in this interview: Abby Barlow, CIO of Westwood Management Laura Hill, CIO of Advocate Health Brian Sugrue, CIO of Shannonbridge Jenny Heller, President and CIO Brandywine Group Advisors John Lawrence, President of Rice Management Company Matt Bank, CIO of GEM Kristin Kallergis Rowland, Global Head of Alternative Investments for J.P. Morgan Asset & Wealth Management Jon Webster, Senior Managing Director and COO of Technology & Operations at CPP Investments

Try ALEX by Admired Leadership.

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

Editing and post-production work for this episode was provided by The Podcast Consultant (⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://thepodcastconsultant.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠)

This week's Summer Series concludes with a two-fer on habits. There may be no better way to improve the investment process than to understand what it takes to improve ourselves. We've got two of the best – James Clear and Katy Milkman, experts and authors of wildly bestselling books Atomic Habits and How to Change.

Please enjoy my conversations with James Clear and Katy Milkman, both from 2021.

We hope you've enjoyed this summer exploration in improving the investment process with some of the best conversations over the last nine years.

Learn more about Capital Allocators University.

Try ALEX by Admired Leadership.

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

Editing and post-production work for this episode was provided by The Podcast Consultant (⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://thepodcastconsultant.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠)

This week's Summer Series concludes with a two-fer on habits. There may be no better way to improve the investment process than to understand what it takes to improve ourselves. We've got two of the best – James Clear and Katy Milkman, experts and authors of wildly bestselling books Atomic Habits and How to Change.

Please enjoy my conversations with James Clear and Katy Milkman, both from 2021.

We hope you've enjoyed this summer exploration in improving the investment process with some of the best conversations over the last nine years.

Learn more about Capital Allocators University.

Try ALEX by Admired Leadership.

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

Editing and post-production work for this episode was provided by The Podcast Consultant (⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://thepodcastconsultant.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠)

We're excited to share something we've been working on for a while: we're bringing Capital Allocators University online. For years, CAU has been an in-person, once-a-year cohort of 25 or 30 professionals, built around a set of disciplines that matter enormously for investors and investor relations professionals but rarely get taught explicitly. We put together a brief conversation to share more on what the course covers, who it's for, what we learned from the past five years, and why we decided to move it online. Full details here. We look forward to welcoming you as a member. Special thanks to our production partner, Fondu.

This week's Summer Series is another two-fer, this time on negotiations. The first is with legendary former FBI-hostage negotiator Chris Voss, the author of Never Split the Difference and founder of the Black Swan group where he teaches tactical empathy in negotiations. The second is with Yale professor Daylian Cain, who opened my eyes to the importance of walking away.

Learn more about Capital Allocators University.

Try ALEX by Admired Leadership.

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

Editing and post-production work for this episode was provided by The Podcast Consultant (⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://thepodcastconsultant.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠)

This week's Summer Series is another two-fer, this time on negotiations. The first is with legendary former FBI-hostage negotiator Chris Voss, the author of Never Split the Difference and founder of the Black Swan group where he teaches tactical empathy in negotiations. The second is with Yale professor Daylian Cain, who opened my eyes to the importance of walking away.

Learn more about Capital Allocators University.

Try ALEX by Admired Leadership.

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

Editing and post-production work for this episode was provided by The Podcast Consultant (⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://thepodcastconsultant.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠)

This week's Summer Series is a two-fer on the essential skill of storytelling. Whether pitching an investment fund to a prospect, an idea to a portfolio manager or CIO, or a request of a family member, storytelling helps you get what you want.

To help understand the art and science of storytelling, Matt Dicks – a retired middle school teacher and author of the best-seller Storyworthy, and Don Miller – creator of Storybrand, a business started with his book of the same name – describe how to improve your storytelling ability.

Learn more about Capital Allocators University.

Try ALEX by Admired Leadership.

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

Editing and post-production work for this episode was provided by The Podcast Consultant (⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://thepodcastconsultant.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠)

This week's Summer Series is a two-fer on the essential skill of storytelling. Whether pitching an investment fund to a prospect, an idea to a portfolio manager or CIO, or a request of a family member, storytelling helps you get what you want.

To help understand the art and science of storytelling, Matt Dicks – a retired middle school teacher and author of the best-seller Storyworthy, and Don Miller – creator of Storybrand, a business started with his book of the same name – describe how to improve your storytelling ability.

Learn more about Capital Allocators University.

Try ALEX by Admired Leadership.

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

Editing and post-production work for this episode was provided by The Podcast Consultant (⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://thepodcastconsultant.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠)