198 episodes

Meet the people who allocate vast pools of capital and the processes they employ.

New episodes release on Monday's

Capital Allocators Ted Seides

    • Investing
    • 4.8, 496 Ratings

Meet the people who allocate vast pools of capital and the processes they employ.

New episodes release on Monday's

    Sustainable Investing 8: Lauren Taylor Wolfe – Activist Perspective (Capital Allocators, EP.146)

    Sustainable Investing 8: Lauren Taylor Wolfe – Activist Perspective (Capital Allocators, EP.146)

    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 investing, her path to founding Impactive, and investment philosophy. We touch on Impactive’s four key investment criteria, examples of ESG activism in a hotel, an auto dealer, and a waste water business, evolution of interest in sustainability from management teams, the value of long duration capital, and perspectives for women in the industry.
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    • 49 min
    Tony Davis – Sustainable Investing 7: Hedge Fund Perspective at Inherent Group (Capital Allocators, EP.145)

    Tony Davis – Sustainable Investing 7: Hedge Fund Perspective at Inherent Group (Capital Allocators, EP.145)

    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 philanthropic work in impact investing that led to the formation of Inherent Group.  We then turn to his activities at Inherent, including his rationale for taking in outside capital, sourcing longs and shorts, incorporating E, S and G factors in underwriting, quantifying sustainability, constructing the portfolio, and engaging with portfolio companies.  We close with a few investment examples, potential opportunities in distressed debt, and tips for allocators researching ESG managers.
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    • 54 min
    Sustainable Investing 6: Richard Lawrence - ESG Integration at Overlook (Capital Allocators, EP.144)

    Sustainable Investing 6: Richard Lawrence - ESG Integration at Overlook (Capital Allocators, EP.144)

    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 early governance challenges in Asia and the development of modern finance technology, social issues related to the quality of businesses, and environmental considerations of excluding industries, reporting challenges, principles, and tradeoffs. We close with Richard’s philanthropic work on climate change and in the closing questions, his take on US-China relations.
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    • 45 min
    [REPLAY] Richard Lawrence – Compounding in Asia (Capital Allocators, EP.21)

    [REPLAY] Richard Lawrence – Compounding in Asia (Capital Allocators, EP.21)

    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 would proudly tell you himself, the capital weighted return of the average investor in Overlook is nearly identical to the time weighted return over any period of time – a rare feat in the money management industry. Indeed, today’s asset base is the result of $4 billion of investment gains on top of $1 billion in contributed capital.

    Our conversation starts with a look at investing in Asia in Overlook’s early days and walks through the particulars of the approach Richard takes to investing and running his business, including attractive investment attributes, management integrity, portfolio construction, selling discipline, and China Yangtze Power - the only stock the firm supersized in an SPV in its history. We discuss Overlook’s long-held cap on subscriptions and periodic reductions in its management fee, two business philosophies that Richard believes have been key drivers of Overlook’s success.
    If you enjoyed my conversation with Tom Russo, you won’t want to miss this one with Richard.
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    • 59 min
    Sustainable Investing 5: David Blood - Pioneering a Generation (Capital Allocators, EP.143)

    Sustainable Investing 5: David Blood - Pioneering a Generation (Capital Allocators, EP.143)

    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 integration of ESG factors in research. We close by looking out at the next 5-10 years and addressing the urgency of the initiatives to improve the climate and social injustice.
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    • 56 min
    Sustainable Investing 4: Emanuel Citron – Sourcing Sustainable Managers (Capital Allocators, EP.142)

    Sustainable Investing 4: Emanuel Citron – Sourcing Sustainable Managers (Capital Allocators, EP.142)

    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 thematic opportunities, conducting due diligence, measuring impact, and adding value to portfolio companies. We then turn to investor interest in the space, risks, Volery’s backing of Renewable Resources Group, and the future of impact investing.
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    • 47 min

Customer Reviews

4.8 out of 5
496 Ratings

496 Ratings

Asoosaar ,

Seriously insightful

Just got turned onto this podcast by a friend who’s also in the business. Ted finds the best investors in this area, and engages them as a peer, and what results is truly insightful. Thanks!

rtb7763 ,

Insightful conversations, stellar content

Ted is an excellent interviewer, asking well thought and researched questions. As informative as any class I have ever taken.

Db201543 ,

Stellar

Stellar series - Ted is a great interviewer, and this is easily one of the best and most insightful markets/investment podcasts out there.

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