Peter Madsen

In a captivating discussion, Peter Madsen, Director and CIO of Utah's sovereign wealth fund, shares his journey from London hedge funds to building SITFO from scratch. He emphasizes the importance of mean reversion in tough markets and how factor-based strategies can balance public and private investments. Peter explains the shift away from small caps, the appeal of micro-VC funds, and the innovative use of AI in manager selection. With a focus on purpose-driven investing, he reveals how SITFO adapts to changing market dynamics while prioritizing long-term stewardship.

Peter Madsen shares insights on managing a multi-billion dollar sovereign fund with diversified growth, real, income, and defensive assets. They discuss risk considerations, private markets, and systematic convexity. The podcast explores optimizing asset allocation, strategic shifts, private credit dynamics, and decision-making processes for sovereign fund investments. Risk management techniques like volatility targeting and trend analysis are also highlighted.

In this engaging discussion, Peter Madsen, the Chief Investment Officer of Utah’s SITFO, shares his journey from skiing in the Wasatch mountains to managing a multi-billion dollar sovereign wealth fund. He delves into SITFO's governance structure, revealing how trust lands generate revenue through leasing and royalties. Peter also explains the shift from passive to diversified investments while debunking myths about equity-heavy portfolios. His insights on risk management and asset allocation provide a fascinating look into the complex world of institutional investing.