49: The $40 Billion Outsourced Investment Office - With Arjun Raghavan, CEO of Partners Capital

49: The $40 Billion Outsourced Investment Office - With Arjun Raghavan, CEO of Partners Capital

From zero to $40 billion in 20 years is growth we usually associate with tech startups. When it happens to a firm in the world of asset management, it is all the more remarkable. Dubbed originally as ‘the money manager to the money managers’, today Partners Capital is an outsourced investment office acting for endowments, foundations and ultra-high-net-worth families. In this conversation Arjun describes his education in India, journey to management consulting and his MBA at INSEAD, then working in a hedge fund before moving to Partners Capital. Arjun describes the evolution of the endowment model first adopted by David Swensen at Yale, by analysing asset classes, risk premia, liquidity and the hunt for great managers.

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He discusses their assessment of high fees for seeking alpha, how they seek out opportunities at asset class and manager level, and their work on discovering “alternative alternatives”. He responds to criticisms that endowments on average have not beaten the classic 65/35 equity/debt model and of the challenges ahead. Finally Arjun speaks of the two ‘mega trends’ (sustainable investing and investment capital moving to Asia) in an interview that delves into the Partners Capital investment process.

Episoder(232)

166:  Reinventing Equity Investing: James Anderson's Journey, From Scottish Mortgage Investment Trust to Managing Partner & CIO of Lingotto's Innovation Strategy

166: Reinventing Equity Investing: James Anderson's Journey, From Scottish Mortgage Investment Trust to Managing Partner & CIO of Lingotto's Innovation Strategy

In today’s episode we have the chance to talk to one of the most successful investors of his generation, James Anderson, Former Partner at Baillie Gifford. I'm joined by Mark Wallace, MD of Rothschil...

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165: Life & Career Advice from the World’s Top Financial Executives: Compilation Special

165: Life & Career Advice from the World’s Top Financial Executives: Compilation Special

Enjoy a variety of career tips & life lessons from finance leaders in this New Year compilation special.  This episode brings together some of the most insightful lessons and perspectives we’ve glean...

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164: Infrastructure: From Niche to Mainstream Asset Class - With Luba Nikulina, CSO of IFM Investors

164: Infrastructure: From Niche to Mainstream Asset Class - With Luba Nikulina, CSO of IFM Investors

Today is the first time we welcome back a guest who has changed firms between interviews. We recorded Luba Nikulina, on Thanksgiving day, 2022, and our guest was then Head Global of Research at WTW, a...

9 Jan 202550min

163: 2024 in Review!

163: 2024 in Review!

In this episode, Simon shares an update on the show, reflecting on notable interviews and summarising the wide range of initiatives under development beyond the Money Maze Podcast itself. Although w...

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162: Marketing God: With Nicky Gumbel - Pioneer of the Alpha Course

162: Marketing God: With Nicky Gumbel - Pioneer of the Alpha Course

With Christmas coming up, we thought today would be the perfect time to replay one of our older episodes! Very occasionally one individual can have a disproportionately powerful impact on a collectio...

12 Des 20241h 2min

161: Who is Scott Bessent? Meet Trump's Incoming Treasury Secretary

161: Who is Scott Bessent? Meet Trump's Incoming Treasury Secretary

Today’s guest is the new US Treasury Secretary, serving under Donald Trump. The role gives him immense responsibility for managing US obligations and finances, including circa. $7 trillion of annual U...

5 Des 20241h 2min

160: Managing the Largest Public Pension Fund in the U.S. - With CalPERS CEO, Marcie Frost

160: Managing the Largest Public Pension Fund in the U.S. - With CalPERS CEO, Marcie Frost

In 1932, the United States was in the grip of the Great Depression. One in four Americans were unemployed, nearly 9,000 banks had failed. Franklin Roosevelt was elected to the first of his four terms...

28 Nov 202458min

159: Should Your Investment Portfolio Have the Right to Bear Arms? With General Sir Patrick Sanders

159: Should Your Investment Portfolio Have the Right to Bear Arms? With General Sir Patrick Sanders

The episode brings Sir Patrick Sanders, a British military officer, back to discuss geopolitical issues, specifically focusing on the precarious state of global affairs today compared to the 1930s. T...

21 Nov 202431min

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