Capital Allocators – Inside the Institutional Investment Industry

In this insightful conversation, Erik Serrano Berntsen, Founder and CEO of Stable Asset Management, shares his journey in building a $3 billion asset venture. He discusses the vital qualities of successful founders and the importance of early engagement and relationship building in the investment community. Erik highlights the competitive edge smaller investment firms hold and how technology can streamline decision-making processes. He emphasizes the challenges emerging managers face and the critical role of strategic partnerships in securing funding.

In this engaging conversation, Ethan Berman, the founder and former CEO of RiskMetrics Group, chats with Hamish Corlett, co-founder of TDM Growth Partners. They dive into TDM's unique investment strategies and the importance of solid investor relationships. Hamish shares insights on maintaining core values while scaling, the significance of embracing discomfort for personal and team growth, and how strong partnerships enhance business success. The duo emphasizes a disciplined approach to investing amidst market challenges, making this a must-listen for aspiring investors.

In this engaging discussion, Matt Brown, Founder and CEO of CAIS, sheds light on the transformative impact of technology in democratizing alternative investments. He reflects on his unique journey from financial advisor to entrepreneur, emphasizing the need for effective communication over mere technical skills. The conversation highlights the shift toward alternative assets and the evolution of the wealth management landscape, alongside insights on leadership and creating a strong company culture. Matt also shares valuable lessons on missed opportunities and the power of empathy in business.

Join Ellen Ellison, former Chief Investment Officer of the University of Illinois Foundation, and Jonathan Brolin, founder of Edenbrook Capital, as they dive into the world of unconventional investments. They discuss the importance of trusting non-traditional managers and the lessons learned from investment mistakes. Brolin draws fascinating parallels between baseball and investing, emphasizing patience and analysis. They also explore strategies for building investor credibility, navigating market downturns, and fostering long-term partnerships for growth.

Barry Sternlicht, Chairman and CEO of Starwood Capital Group, has a remarkable career managing $95 billion in real estate investments. In this engaging discussion, he shares his early entrepreneurial journey and the evolution of innovative strategies in real estate amidst COVID-19. Sternlicht highlights the shifts in investment preferences, the challenges of global markets like China and Brazil, and his explorations in other asset classes, including SPACs and cryptocurrencies. His insights underscore adaptability and the importance of intellectual humility in navigating uncertain waters.

Daniel Graña, head of Janus Henderson’s emerging markets equity strategy, shares fascinating insights from his investment journey rooted in Cuba and Peru. He delves into the early chaotic days of emerging markets and the critical role of political governance on investment success. With compelling stories, he discusses the intricacies of navigating complex markets like Mexico, the importance of evaluating risk and valuation, and the contrasting futures of countries like Vietnam and Brazil. His reflections on adaptability and cultural understanding round out a conversation rich in wisdom.

Join Brett Barth, a partner at BBR Partners, Jon Harris from Alternative Investment Management, and Casey Whalen, partner at Truvvo Partners, as they mix fun with finance. They reflect on the lasting impacts of COVID-19, share candid views on cryptocurrency, and discuss the importance of mentorship in shaping their careers. The conversation dives into the evolving landscapes of private equity and hedge funds, ethical investing practices, and the urgent need for diversity in the finance industry, all with a spirit of friendship and camaraderie.

Jon Harris, CEO of Alternative Investment Management, shares insights from his extensive experience managing over $1 billion in hedge fund and private equity strategies. He emphasizes a people-oriented investment approach, discussing the significance of building networks and understanding manager motivations. The conversation covers the challenges of aligning interests, hidden fees in co-investments, and the importance of cultural values in hedge fund workplaces. Harris also touches on balancing philanthropy with investment commitments, highlighting integrity and personal connections.

Meredith Jenkins, Chief Investment Officer of Trinity Wall Street, shares her journey in institutional investing, overseeing a $5.5 billion endowment. She discusses early career lessons from Goldman Sachs and her time at Carnegie Corporation. The conversation touches on the importance of aligning interests, navigating co-CIO dynamics, and strategic decisions in real estate, particularly with a focus on social justice. Jenkins emphasizes the need for diverse perspectives in investment strategies while addressing the complexities of managing emotions in a church setting.

Brett Barth, Founder and CIO of BBR Partners, manages over $12.5 billion for 125 families. He shares his dual experiences of parenting twins and navigating the investment world. The conversation dives deep into family-focused asset allocation strategies and the nuances of selecting investment managers. Brett discusses emerging market inefficiencies and innovative opportunities, such as music royalties. His practical insights provide valuable guidance for allocators ranging from financial advisors to larger institutional investors.