In his new book, CAPITAL ALLOCATORS: How the world’s elite money managers lead and invest, Ted Seides, the seasoned institutional investment executive and founder and host of the critically acclaimed Capital Allocators podcast, provides a first-of-its-kind leadership book for the global investment community. Drawing on interviews from the first 150 episodes of the podcast and coupled with experience from his decades-long career in investing, Seides presents the best of the knowledge, practical insights, and advice from the world’s top professional investors.
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Ted Seides, Veteran Financial Entrepreneur and Acclaimed Investing Podcast Host, Authors Second Book, CAPITAL ALLOCATORS: How the World’s Elite Money Managers Lead and Invest (Photo: Business Wire)
The book is the essential new reference manual for current and aspiring CIOs, the money managers that work with them, and everyone allocating a pool of capital. It has received praise from notable CIOs, allocators, and industry influencers (testimonials embedded below). CAPITAL ALLOCATORS features:
- Best practices for interviewing, decision-making, negotiations, leadership, and management;
- Investment frameworks across governance, investment strategy, investment process, technological innovation, and managing uncertainty;
- Impactful quotes about investing and life lessons from guests on the podcast;
- Personal stories and advice from the most high-profile CIOs and investors, including: the endowments of Princeton and Notre Dame, family offices of Michael Bloomberg and George Soros, pension funds from the State of Florida, CalSTRS, and Canadian CDPQ, sovereign wealth funds of New Zealand and Australia, and many more;
- Seides’ career, notable milestones, anecdotes, and points of view on hot topics such as active management, the role of the CIO, and investment success;
- Comprehensive ‘Initial Manager Meeting Outline’ that highlights due diligence topics and questions, and much more.
As a long-time hedge fund investor and allocator of capital, Seides has always been fascinated by the leadership and investment philosophies within the opaque corner of the investment landscape that is a CIO’s office.
“CAPITAL ALLOCATORS presents the most meaningful insights from the podcast with the primary goal of helping those managing capital make better decisions,” said Seides. “Talented CIOs of big pools of capital are the equivalent to baseball’s five-tool players. They excel using a wide range of skills. The toolkit describing these necessary skills is curated from interdisciplinary thought leaders on the show. I’ve never seen a more succinct reference guide for investment executives and rising talent.”
Seides began his career working under David Swensen in Yale University’s Investment Office before launching his own hedge fund firm. His rigorous pursuit to understand what goes into limited partners’ (LPs) and allocators’ decision-making turned into the most coveted podcast in the institutional investment industry. Many know Seides from his “Buffet Bet,” a non-profitable wager he initiated with Warren Buffett that pitted the 10-year performance of the S&P 500 against a selection of five hedge fund of funds from 2008-2017.
Seides continues, “This book provides the global investment community a front-row seat into how investing leaders from around the world practice their craft and implement holistic investment frameworks to allocate their time and capital. It is the investment industry’s manual for current and aspiring fund managers, investment entrepreneurs, LPs, wealth managers and other emerging and established leaders across the global investment management industry should have on their desks. It is the reference manual I wish I had when I was getting started in this business over 25 years ago and will serve as that resource throughout the rest of my career.”
In under four years, the Capital Allocators podcast crossed 5 million downloads in January 2021, expanding its audience over 100% in 2020 alone. To listen to Capital Allocators podcast episodes or subscribe to Ted’s newsletter please visit: https://capitalallocatorspodcast.com/.
For more information on CAPITAL ALLOCATORS, retailing for $35 USD and published by Harriman House, please visit https://www.harriman-house.com/Capitalallocators. The book is available for pre-order on Amazon, Barnes & Noble, and other major retailers.
“Through his podcast Ted has talked with the best investment minds in the world. CAPITAL ALLOCATORS assembles this collective wisdom into an incredible guidebook for anyone who wants to be truly thoughtful about long-term investing.”
– Raphael Arndt, CEO, Australia Future Fund
“Ted Seides has achieved a remarkable book that draws on the expertise and experience of a broad cross-section of industry leaders. He expertly distills interviews that he conducted directly into a book that seamlessly covers executive, leadership, and investment skills and lessons. CAPITAL ALLOCATORS is a well-crafted and informative read for existing and prospective investment professionals as well as those who work with the investment industry in any capacity”
– Gregory J. Fleming, President & CEO, Rockefeller Capital Management
“A fantastically broad, deep guide to the asset allocator’s world. I wish it had been written 25 years ago. The quotations in it are alone worth the price. You can quote me on that.”
– Andrew Golden, CIO, Princeton University Investment Management Company (PRINCO)
“Ted understands the nuances of investment management better than anyone I know, because he’s talked to more investors than anyone I know. It’s been said that books don’t change minds; sentences do. There are so many good lines in this it’s hard to put down.”
– Morgan Housel, Partner, Collaborative Fund and Best-Selling Author
“Ted has made the world of capital allocation approachable for everyone across hundreds of conversations. Now he’s further distilled the lessons into a package that will make any investor better at what they do. Required reading.”
– Patrick O’Shaughnessy, CEO, O’Shaughnessy Asset Management
“Unlike many ‘invest like the best’ books, CAPITAL ALLOCATORS does not pretend there is some magical trick that will turn anyone into an investing genius. Instead. Ted Seides details how great investors do the hard work that leads to better outcomes. You won’t get rich quick reading this book, but if you take the time to really understand the lessons it teaches, you will be a better, more thoughtful investor.”
– Ben Inker, Head of Asset Allocation, GMO
“The world of institutional investing needed Ted’s voice it just didn’t know it yet. With this book, and with his unparalleled podcast, Ted has brought a whole hidden world to a broader audience, and anyone interested in how the world’s most prominent investors move money is better for it.”
– Kip McDaniel, Editor-in-Chief, Institutional Investor
About the Author
Ted Seides, CFA has spent 25 years as an institutional investor, allocating money to managers. He started in 1992 at the Yale University Investments Office, seven years after David Swensen arrived at Yale. Ted spent five years learning under David’s tutelage and departed to attend Harvard Business School shortly before David wrote the bible in the industry, Pioneering Portfolio Management.
In 2017, Ted launched the Capital Allocators podcast, a series of interviews with leading Chief Investment Officers. The show reached five million downloads in January 2021. Barron’s, Business Insider, Forbes and Value Walk each named it among the top investing podcasts. He also advises asset managers and allocators.
Ted writes opinion pieces for Institutional Investor, wrote a blog for the CFA Institute’s Enterprising Investor and guest publications for the late Peter L. Bernstein’s Economics and Portfolio Strategy.