Libsyn Directory

CIO Greatest Hits: Multi-Family Offices – Jenny Heller 2021 (Brandywine)

Capital Allocators – Inside the Institutional Investment Industry

Release Date: 08/25/2025

Daniel Mahr – Glass Box Quant at MDT Advisers (EP.472)

Capital Allocators – Inside the Institutional Investment Industry

This Sponsored Insight features Daniel Mahr, Head of MDT, the $26 billion quantitative equity investing group at Federated Hermes that oversees a suite of actively managed mutual funds, ETFs, collective investment trusts, and separately managed accounts. Dan joined the firm in 2002 as a junior analyst and took over leadership of the team six years later, guiding its evolution through vast changes in data, computing power, and investment methodology. Our conversation traces Dan’s path from flipping IPOs as a college student to running machine learning models across global equity...

David Lyon – Hybrid Capital Solutions for Private Assets (EP.471)

Capital Allocators – Inside the Institutional Investment Industry

David Lyon is Managing Director and Head of Capital Solutions at Neuberger Berman, where he oversees $10 billion of AUM and deploys $2-3 billion each year originating large scale financing solutions to premier sponsor-backed companies. Over three decades, David was the first arbitrage analyst at Och-Ziff in the mid 1990s, an associate at one of the then largest private equity firms in the late 1990s, and a fundamental, distressed debt investor at quant hedge fund DE Shaw through the GFC. His experiences offer a deep understanding of both sides of the balance sheet, which he brought together in...

WTT: The Sydney Sweeney Interview

Capital Allocators – Inside the Institutional Investment Industry

Ted breaks down a recent viral video to highlight three important interviewing techniques shared at Capital Allocators University. Read Ted’s blog . Editing and post-production work for this episode was provided by The Podcast Consultant ()

Jay Ripley – Emerging Manager Selection at GEM (EP.470)

Capital Allocators – Inside the Institutional Investment Industry

Jay Ripley is the Head of Investments and Deputy Managing Partner at Global Endowment Management, or GEM, an endowment-style outsourced CIO overseeing $12 billion. Jay joined GEM in 2014, following six years in private equity where he developed an analytical rigor and mindset of an owner-operator. GEM’s Co-CIO Matt Bank joined me on the show last year for a broader discussion of the firm, and that conversation is replayed in the feed. Our conversation dives into manager selection, particularly with early-stage...

[REPLAY] Matt Bank - "GEMs" of Risk, Asset Allocation, and Manager Selection (EP.419)

Capital Allocators – Inside the Institutional Investment Industry

Matt Bank is the Deputy Chief Investment Officer at GEM, an OCIO that manages $12 billion for forty clients. GEM was founded in 2007 by investment leaders at The Duke Endowment and Duke University Investment Management Company. Our conversation covers Matt’s path to investing under recent guest David Salem and lessons learned about risk and governance while under his tutelage. We then turn to Matt’s move to GEM and its positioning in the OCIO industry. We cover GEM’s approach to asset allocation and manager selection, and close with Matt’s thoughts on active and passive investing,...

Dave Thornton – Unlocking Venture Access Through Stock Options at Vested (EP.469)

Capital Allocators – Inside the Institutional Investment Industry

This Sponsored Insight features Dave Thornton, the Co-Founder and CEO of Vested, a venture secondaries platform that provides liquidity to the long tail of startup employees whose stock options often go abandoned or ignored and seeks to deliver diversified, attractively priced exposure to the top 20% of venture-backed startups. Our conversation covers Dave’s background bridging entrepreneurship and finance, the dynamics of employee stock options, and the development of Vested’s investment strategy. We discuss sourcing deals, predicting...

Jeff Aronson – Building Centerbridge Across the Capital Structure (EP.468)

Capital Allocators – Inside the Institutional Investment Industry

Jeff Aronson is Co-Founder and Managing Principal of Centerbridge Partners, a $43 billion alternative investment firm he started in 2005 after two decades at Angelo Gordon. Jeff’s career spans forty years of investing across credit and private equity through multiple market cycles, giving him a front-row seat to the evolution of the alternatives industry. Our conversation covers Jeff’s path from law school to distressed investing, lessons learned under mentors John Angelo and Michael Gordon, and the founding of Centerbridge with Mark Gallogly to bridge the worlds of private equity and...

Mike Trigg and Sanjay Ayer – The Discipline of Getting Better at WCM (EP.467)

Capital Allocators – Inside the Institutional Investment Industry

Mike Trigg and Sanjay Ayer are Portfolio Managers at WCM Investment Management, a $120 billion investor in growth stocks, where Mike also serves as Co-CEO. I’ve had the opportunity to chronicle the growth of WCM over the years in conversations with Paul Black, Mike, Sanjay, and other members of the team. Paul first joined the show in 2018 when WCM managed $25 billion, and Mike last appeared four years ago with Paul, describing a piece they had just written entitled How to Build a $100 billion Money Manager. That podcast marked a near-term peak in assets for the firm and subsequently offered...

[REPLAY] Paul Black and Mike Trigg – How to Build a $100B Money Manager (Capital Allocators, EP.227)

Capital Allocators – Inside the Institutional Investment Industry

Paul Black and Mike Trigg from WCM Investment Management are both past guests on the show who have taken an investment philosophy focused on culture and moat trajectory to turn a once struggling boutique into a $100 billion powerhouse. Paul came on the show a few years ago when WCM had quietly grown to $25 billion in assets, and Mike joined a year ago to dive into their research process. Their colleague Mike Tian shared another perspective earlier this year when he described applying WCM’s moat trajectory discipline to investing in China. In this continued exploration of WCM, we start with...

[REPLAY] Paul Black - Gratitude, Fun, and Growth Stocks (Capital Allocators, EP.51)

Capital Allocators – Inside the Institutional Investment Industry

Paul Black is Co-CEO and portfolio manager at WCM Investment Management, a $26 billion manager of global equities that he joined when it was a $200 million boutique in 1989. With so much of the institutional world, including my own training, focused on value investing, I was pleasantly surprised to learn about a large, high performing growth stock manager located in a non-descript building in Laguna Beach, California. Our conversation starts with Paul’s trial-by-fire entry into the business and turns to growth stock investing, including defining a great growth company, searching for...

More Episodes

This week’s Summer Series is a multi-family office twofer, with Stan Miranda, co-founder and Chairman Emeritus of Partners Capital and Jenny Heller from Brandywine. Both firms started as multi-family offices that have evolved in different ways. Partners Capital has grown and scaled as a leading OCIO, while Brandywine has remained a boutique with a fixed set of family clients.

Please enjoy my conversations with Stan Miranda from 2023 and Jenny Heller from episode 7 back in 2017 and a follow-up in 2021.

Jenny Heller EP. 7 – May 17, 2017
Jenny Heller EP. 211 – August 29, 2021
Stan Miranda EP. 334 – August 21, 2023

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