Capital Allocators – Inside the Institutional Investment Industry Ted on Alt Goes Mainstream (EP.458)
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Sep 8, 2025 
In this engaging discussion, Michael Sidgmore, a Partner at Broadhaven Ventures specializing in the fusion of finance and technology, delves into a variety of compelling topics. Listeners will explore David Swensen's enduring legacy in investment, the intriguing dynamics between private equity and hedge funds, and the crucial impact of behavioral biases in selecting managers. Sidgmore also emphasizes the importance of authentic connections in the investment community and examines how AI is reshaping decision-making and content strategies in asset management.
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Underwrite Philosophy Then Test Implementation
- Start diligence by asking for the manager's investment philosophy and how it produces results.
- Match stated beliefs to specific implementation examples before committing capital.
Use A Rigorous Diligence Checklist
- Use a consistent memo and information outline to underwrite managers fully before deciding.
- Refuse to approve managers until all key boxes in your diligence outline are complete.
Cost Of Rushed Seeding Decisions
- Ted recalls seeding a manager during a fast-raising period and later regretting insufficient diligence.
- He resolved never to rush seeding decisions again after that experience.