Other People's Money with Max Wiethe
Max Wiethe
Other People's Money is the premier podcast about the business side of the fund management industry. Every week Max Wiethe sits down to learn from some of the best entrepreneurial fund managers about their experience launching and growing a fund management business. OPM is not a show about the next hot stock pick or big trade but an inside look at an opaque and misunderstood industry guided by real professional fund managers who've done it themselves.Follow us on:Max's Twitter: https://x.com/maxwietheOPM on Twitter: https://x.com/opmpodWatch OPM and our Partner Show Monetary Matters on YouTube: https://www.youtube.com/channel/UCeyqw1Ns_cnhSJh5XvXPWgw
Episodes
Mentioned books
Nov 25, 2025 • 1h 16min
Venture Capital’s Collision with Public Markets, the Dry Powder Bubble, and VC Metrics that Lie | James Wang of Creative Ventures
James Wang, General Partner at Creative Ventures and author specializing in AI and deep tech investing, dives into the collision of public and private markets. He discusses the challenges of traditional VC metrics and the looming dry powder bubble affecting valuations. Wang offers insights on the future of AI, emphasizing its practical limits and the importance of distinguishing hype from reality. He also critiques fund strategies, urging VCs to focus on meaningful process and team dynamics rather than misleading early performance metrics.
Nov 18, 2025 • 1h 10min
Can Alpha Capture Save Fundamental Long/Short Equity? | David Stemerman CenterBook Partners
David Stemerman, CEO and co-founder of CenterBook Partners, dives into the challenges facing fundamental long/short equity investing. He highlights the decline in fund launches yet believes in the potential of alpha capture to revitalize this space. David discusses how direct partnerships with single managers can enhance portfolio strategies, while addressing the common criticisms surrounding alpha capture. He also shares insights on how to align manager incentives with allocator needs and the importance of maintaining independence in the investment process.
21 snips
Nov 13, 2025 • 1h 16min
Why Beating the Market Isn’t Enough for Investment Managers | Corey Hoffstein
Corey Hoffstein, CEO and CIO of Newfound Research, shares insights from his journey in investment management. He argues that simply beating the market is no longer enough for success. Instead, he emphasizes the importance of addressing clients' needs and the crucial role of distribution. Corey delves into the differences between quantitative and systematic investing, the impact of market bubbles, and how new strategies like Return Stacked ETFs can enhance client utility. He also highlights the significance of educational content in building advisor relationships.
Nov 4, 2025 • 1h 10min
This Hedge Fund Trying to Become the Top Pod Shop in Crypto is Rethinking the Multi-Manager Hedge Fund Model | Anatoly Crachilov of Nickel Digital
Anatoly Crachilov, CEO and Co-Founder of Nickel Digital Asset Management, dives into the innovative multi-manager model revolutionizing crypto hedge funds. He shares insights on avoiding a central book to enhance pod performance, discusses the advantages of crypto's unique fractionality for low-cost strategy testing, and explains Nickel's collaborative approach to sourcing external talent. Crachilov also reveals how recent market challenges helped filter strong managers, emphasizing rigorous risk management and the evolution of institutional interest in crypto investments.
5 snips
Oct 28, 2025 • 57min
The Hedge Fund Beating the S&P 500 Trading Only Financial Stocks | Derek Pilecki of Gator Capital
Derek Pilecki, the founder of Gator Capital, has an impressive knack for outperforming the S&P 500 by focusing solely on financial sector stocks. He shares insights on why the fears surrounding recent bank credit issues are exaggerated, viewing them more as fraud-driven opportunities rather than economic threats. Derek discusses his strategic approach to managing both a hedge fund and a mutual fund, highlighting how different investor bases influence their operations. He also delves into the importance of thought leadership and building an audience, emphasizing the role of proactive investor outreach.
Oct 16, 2025 • 36min
Bringing Long/Short Hedge Fund Strategies to ETFs | David Orr (Bonus Episode)
David Orr, a seasoned long/short equity investor and manager of the Militia Long/Short Equity ETF, dives into the dynamics of blending hedge fund strategies with ETFs. He shares insights on why he launched an ETF alongside a successful hedge fund, discussing liquidity management and compliance challenges. David reveals how ETFs can attract diverse investors and the importance of transparency. He also discusses regulatory hurdles and marketing tactics, while emphasizing the nuanced costs of trading in these structures. A rich conversation for finance enthusiasts!
20 snips
Sep 30, 2025 • 23min
How Analyst Compensation & Incentives Impact Hedge Fund Success with HF Reflections (Bonus Episode)
In this engaging discussion, HF Reflections, an anonymous hedge fund practitioner, delves deep into how analyst compensation shapes hedge fund dynamics. They explore the importance of aligning incentives to promote idea sharing and mitigate mistakes. HF Reflections advocates for stable cash compensation over volatile equity for analysts and emphasizes the need for transparent reward systems. They also highlight the significance of candid career conversations to tailor roles and support entrepreneurial ambitions within teams.
Sep 25, 2025 • 1h 6min
Top Crypto Fund of Funds on the Current Crypto Cycle, Hedge Funds, & VCs | Pure Crypto LP
Zach Lindquist and Jeremy Boynton, managing partners at Pure Crypto, dive into the evolving landscape of the crypto market. They discuss how ETFs and treasury companies are reshaping market dynamics and impacting traditional investment flows. The duo shares insights on their selective approach to manager allocation, favoring seasoned operators who have weathered market cycles. They also touch on the implications of regulation changes, their decision to avoid market-neutral strategies, and why understanding real-world crypto use cases is crucial for future success.
37 snips
Sep 16, 2025 • 59min
Outperforming the S&P 500 & Growing from One-Man Shop to Multi-Manager Hedge Fund | David Orr of Militia Capital
David Orr, CIO and founder of Militia Capital, shares insights on his hedge fund's impressive growth from $3M to over $160M since 2021. He emphasizes the importance of risk management and uncorrelated investment strategies, challenging common practices among hedge fund managers. Orr critiques value trap investors and discusses his unique approach to compliance and transparency. He also highlights the impact of market dynamics on trading strategies and the significance of effective collaboration among portfolio managers for finding innovative investment opportunities.
14 snips
Sep 9, 2025 • 1h 23min
How this Small Cap Hedge Fund Took Advantage of Crisis & Controversy to Reach Scale | Stoic Point Capital Management
Cullen Rose and Raj Shah, co-founders of Stoic Point Capital Management, dive into their journey of capitalizing on the SPAC boom and adapting their investment strategies. They discuss the significant impact of AI on their research methods and cost structures, revealing how technology reshapes finance. The pair also highlight the complexities of maintaining investor relations amidst evolving market dynamics and the shift towards small-cap investments, all while emphasizing the need for transparency and adaptability in a competitive hedge fund landscape.
