Capital Allocators – Inside the Institutional Investment Industry Brett Barakett - Digging for the Puck at Tremblant Capital (EP.386)
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May 20, 2024 
Brett Barakett, Founder and CIO of Tremblant Capital, discusses how his childhood hockey lessons shaped his investment strategies. He shares his journey of launching a firm during tough market conditions post-9/11, emphasizing resilience and integrity in investing. The conversation dives into the complexities of long-short and long-only models, the importance of thorough research, and the evolution of strategies in fluctuating markets. Brett also highlights the launch of one of the first active ETFs by a hedge fund, illustrating innovation in investment management.
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Hockey's Impact on Investing
- Brett Barakett draws significant life and business lessons from hockey, emphasizing teamwork, resilience, and a focus on the next play.
- He applies this to investing, noting the importance of winning every battle and continuously learning.
Lessons from Operations
- Brett Barakett emphasizes understanding operational complexities and discipline.
- He advises focusing on fact-based decision-making and independent research.
Tremblant's Early Days
- Brett Barakett started Tremblant Capital on July 1, 2001, with his life savings and some investments from friends and family.
- Despite initial losses and the 9/11 market crash, Tremblant made a successful investment in retailers due to a staycationing trend, reaching nearly $1B AUM by its one-year anniversary.