Capital Allocators – Inside the Institutional Investment Industry
George Michelakis – Chess Master’s Approach to Long-Short Equity at Gladstone (EP.362)
Jan 15, 2024
George Michelakis is the Chief Investment Officer of Gladstone Management, a London-based hedge fund with a strong track record. He shares fascinating insights on the parallels between chess tactics and long-short equity investing, emphasizing patience and calculated risks. Michelakis discusses his unique transition from chess master to fund manager, the vital need for a performance-oriented culture, and how adaptability plays a crucial role in finance. He also delves into the intricacies of market inefficiencies and the psychological factors influencing investment decisions and outcomes.
48:20
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Quick takeaways
- George Michalakis emphasizes the importance of intellectual flexibility, data-driven decision-making, and a performance-driven culture in the fundamental long-short equity model.
- George Michalakis shares insights on building a successful business, including lessons in portfolio construction, investment process, and risk assessment.
Deep dives
Focused Investment Platform for Private Markets
TenEast is an investment platform that offers sophisticated investors access to private markets. Founded by Michael LaFell, former Deputy Executive Managing Member of Davidson Kempner, TenEast provides opportunities to co-invest in private credit, real estate, venture capital, and private equity. The platform focuses on idiosyncratic investments that are typically not available through traditional channels. With over a decade of experience and a track record of over 350 transactions, TenEast offers ongoing monitoring and reporting similar to an institutional investment organization.
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