We Study Billionaires - The Investor’s Podcast Network TIP444: The Changing World of Endowments and ESG Policies w/ Ted Seides
May 1, 2022
Ted Seides, former president and co-CIO of Protege Partners and host of the Capital Allocators podcast, returns to discuss the modern landscape of endowments and hedge funds. He reveals how these entities have evolved over the past two decades and addresses common misconceptions about endowments. The conversation explores the shifting narrative surrounding ESG policies and the impact of recent financial trends, including the challenges facing SPACs and the strategic allocation across alternative assets. It's an insightful dive into smart investing in today's market!
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Hedge Fund Genres
- Hedge funds are like music genres with different strategies, from directional to relative value.
- Within each "genre," individual funds compete, sometimes in zero-sum games against other funds or market participants.
Hedge Fund Definition
- The term "hedge fund" has become a colloquialism.
- Originally implying hedging market risk, it now encompasses diverse strategies, including long-only activist funds.
Hedge Fund Evolution
- Regulation FD, introduced 20 years ago, leveled the playing field for hedge fund analysts, making it harder to gain an edge.
- Shorting has also become more challenging due to increased competition and market dynamics like the meme stock phenomenon.
