Capital Allocators – Inside the Institutional Investment Industry Daniel Adamson – Innovation from Asset Giants at Capital Constellation (EP.136)
May 4, 2020
Daniel Adamson, Senior Managing Director at Wafra and President of Capital Constellation, sheds light on innovative partnerships between massive asset owners. He discusses the creation of Capital Constellation, aimed at investing in emerging private equity managers while navigating challenges in collaboration. Adamson shares insights from his investment career, emphasizing the need for lasting partnerships and strategic alignment. He also reflects on the personal values that guide him, including the importance of self-growth amidst the complexities of institutional investing.
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Unlikely Path to Investing
- Daniel Adamson's parents were academics, and he didn't consider business until his early 20s.
- He was drawn to investing because it offered a broad perspective on the world, similar to his academic background.
Philosophy's Unexpected Benefit
- Philosophy, not law or economics, was most helpful for Adamson's investment career.
- It taught him to question assumptions and avoid being certain, crucial for investing.
Learning from Lehman's Demise
- Adamson joined Lehman Brothers in 2006, gaining experience advising hedge funds.
- Despite Lehman's collapse, this experience provided valuable lessons in partnership and entrepreneurship.