Capital Allocators – Inside the Institutional Investment Industry

Ari Paul, co-founder and CIO of BlockTower Capital, shares his journey from poker enthusiast to crypto expert. He discusses the challenges of getting institutions to embrace Bitcoin as an asset class and the hurdles of launching a crypto firm amidst market chaos. Paul delves into active trading strategies, the potential of NFTs and gaming, and the necessity for regulatory coherence. He also reflects on the balance between intense trading and personal well-being, emphasizing the importance of adaptability and timing in entrepreneurship.

Seth Ginns, Managing Partner and Head of Liquid Investments at CoinFund, dives deep into the world of cryptocurrency beyond Bitcoin and Ethereum. He discusses early-stage investment strategies in blockchain technology and the rise of decentralized finance. Seth reflects on his journey as an early investor in Coinbase and shares insights into NFTs’ transformative potential. The conversation emphasizes the importance of diversification and risk management in crypto investing, along with balancing innovation and regulatory clarity.

Michael Sonnenshein, CEO of Grayscale Investments, shares his expertise as the leader of the world’s largest digital currency asset manager. He discusses how institutional investors can effectively engage with cryptocurrency, covering the intricacies of custody solutions and trading dynamics. The conversation dives into Grayscale’s product selection process and the evolution of cryptocurrency investment options. Sonnenshein highlights growing institutional interest, emphasizing the significance of education and understanding within this rapidly changing asset class.

Eric Peters, Founder and CIO of One River Asset Management, who made headlines with a $600 million Bitcoin purchase, shares his macro perspective on digital assets. He discusses Bitcoin's unique characteristics as an investment and how it interplays with traditional currencies and government digital currencies. The conversation delves into institutional infrastructure for crypto, risks associated with Bitcoin, and the evolving landscape of investment attitudes towards it. Peters reflects on his significant trade and the rising interest from institutions in the digital currency space.

Chris Dixon, a General Partner at Andreessen Horowitz, shares insights from his journey as an entrepreneur and investor, emphasizing his passion for technology. He discusses the evolution of computing, delving into the transition from centralized to decentralized systems and the potential of blockchain. Chris highlights the emergence of DeFi and transformative applications like Bitcoin and Ethereum. He also examines the complexities of funding models in blockchain ventures and reflects on the lessons learned from his entrepreneurial past.

Alex Shahidi and Damien Bisserier, Co-CIOs of Evoke Wealth and ARIS Consulting, share their journey from major brokerage firms to founding their own $19 billion advisory. They discuss their innovative strategy for uncorrelated returns across markets, emphasizing risk parity and the influence of human behavior in investment decisions. The duo delves into the complexities of hedge fund strategies, the importance of structured manager relationships, and their personal insights on balancing caution with risk in both life and investing.

Rostin Behnam, the Acting Chairman of the CFTC, shares insights from his regulatory journey and the CFTC's mission in protecting U.S. derivatives markets. He discusses the evolving landscape of digital assets, emphasizing the balance between fostering innovation and ensuring consumer protection. The conversation delves into managing climate risk within financial frameworks, aiming for a comprehensive approach to sustainability. Behnam also reflects on his career transitions, illustrating how mentorship has shaped his path in public service.

Jennifer Prosek, founder and CEO of Prosek Partners, shares her insights on business development and leadership in a virtual world. She discusses how the pandemic has transformed marketing in asset management, emphasizing the importance of digital presence and effective storytelling. Prosek also highlights lessons learned during the health crisis, focusing on empathy in client communications and fostering a strong company culture. Additionally, she shares strategies for innovation and adapting to new market trends, including the rise of SPACs and the importance of diversity in leadership.

Jen Prosek, founder and CEO of Prosek Partners, shares her expertise in branding within asset management. She discusses the importance of effective narrative management, especially during periods of weak performance. Prosek also highlights the difference between hedge fund and private equity branding, alongside her experiences with generational workplace dynamics. Her insights on raising entrepreneurial children and embracing flexibility in business showcase her unique perspective, blending professionalism with personal wisdom.

David Baran and Kazuhiko Shibata, co-founders of Symphony Financial Partners, dive into Japan’s investment landscape. They discuss the unique challenge of valuing companies in a culture where employees often take precedence over shareholders. Hear insights on their investment strategy, focusing on management engagement to unlock value. They illuminate Japan's corporate governance evolution and share compelling stories from their careers. Plus, they highlight intriguing value opportunities, like a company producing temporary shelters, and reflect on personal wellness routines.