Welcome back to the Alt Goes Mainstream podcast.
What happens when two podcasters walk into a room?
They talk.
Today’s podcast turns the tables on one of the industry’s leading podcasters and content creators to have him share his story and experience as an allocator and content creator.
We sat down with Ted Seides, the Founder of industry-leading podcast Capital Allocators and former President and Co-CIO of Protégé Partners and an asset allocator at the Yale Endowment.
Ted has had a tremendous career at the intersection of asset allocation and content, so it was fascinating to hear his perspectives on the state of the industry and how it’s evolving from someone who talks with many of the industry’s leading minds through his podcast, Capital Allocators.
Ted and I had a fascinating conversation. We discussed:
Stories and lessons learned from working with David Swensen at the Yale Endowment.
What the wealth channel can learn from institutional investors.
What Ted looked for in hedge funds and alternative asset managers when doing manager due diligence.
Ted’s bet with Buffett on hedge funds and why he’s now doing a bet on PE versus public equities.
How alternative asset managers are evolving and the pros and cons of evergreen structures.
Why and how Ted started Capital Allocators and why content is so critical to learning asset management and understanding how firms operate.
Capital Allocators is one of my favorite podcast listens and Ted always delivers with high-quality and thoughtful content so it was an honor to have him on the show.
Thanks Ted for sharing your expertise and wisdom on asset allocation and content and for the service you provide to everyone in the industry through education and the creation of such high-quality content for us to consume.
Clip #1: Today is the hardest day to invest.
Clip #2: The bet: private equity vs. S&P 500.
Clip #3: The podcast found me.
A word from AGM podcast sponsor, Juniper Square
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Show Notes
00:00 Introduction to our Sponsor, Juniper Square
00:38 Juniper Square's AI Capabilities
01:50 Guest Introduction: Ted Seides
03:11 Ted's Background and Career Start
04:12 Working with David Swensen
04:58 Investment Principles from Yale
06:16 Wealth Channel vs. Institutional Allocators
06:42 David Swensen's Second Book
07:38 Alpha and Beta in Private Markets
08:37 Access to Top Managers
13:19 Private Equity vs. Public Equities Bet
15:15 Evaluating Private Equity Returns
18:32 Diversification in Private Markets
20:10 Lessons from Hedge Fund Evolution
28:48 Investment Culture and Philosophy
30:31 Evaluating Managers: Art and Science
32:01 The Role of AI in Diligence Processes
33:37 Market Opportunities and Edges
34:06 Impactful Investment Decisions
35:32 Challenges in Today's Investment Climate
37:00 Behavioral Biases in Investing
39:25 AI's Role in Investment Decisions
41:18 Navigating Content Overload
42:46 The Birth of Capital Allocators
44:11 Learning from Podcasting
47:20 Building a Business from a Podcast
49:12 The Value of Relationships in Investing
50:58 Effective Content Strategies for Managers
53:49 Choosing the Right Content Modality
54:50 Direct Communication vs. Mass Algorithms
55:20 Brand Building vs. Direct Sales
56:42 Insights from Podcast Conversations
58:30 Favorite Private Market Investments
01:00:11 AI's Impact on Private Markets
01:01:40 Partnering with Experts in AI
01:02:19 The Importance of People in Investing
01:02:39 Wrapping Up the Conversation
Editing and post-production work for this episode was provided by The Podcast Consultant.
