Theodore "Ted" D. Seides distilled the content of 150 podcast interviews he conducted with institutional chief investment officers, money managers and other investment industry players into a new book, "Capital Allocators: How the world's elite money managers lead and invest."
Mr. Seides is founder and managing partner of Capital Allocators LLC, Greenwich, Conn., which he launched in 2017 to produce the "Capital Allocators" podcast series.
He wrote in the book that he chose to focus on interviewing CIOs because "their seat is the broadest and most fascinating in all of investing and their decisions significantly influence how capital flows throughout the world."
The book is divided into two sections.
The first part offers a toolkit explaining five essential functional tools used by allocators — interviewing, decision-making, negotiating, leadership and management.
The second part focuses on "the craft of investing" encompassing investment frameworks that summarize "how modern allocators think about and conduct the investment process" including governance, investment strategy, investment processes and technology innovations, Mr. Seides wrote.
Mr. Seides uses examples throughout the book gleaned from podcast interviews with high-profile CIOs including Christopher J. Ailman, CIO of the $286.9 billion California State Teachers' Retirement System, West Sacramento.
He included a quote from Mr. Ailman's podcast in the book: "If you can soften your negative periods, you compound faster and the end result over time is dramatic. Think about it in life. If the bad times are just a little less bad, life would be wonderful."
The "Capital Allocator" podcasts are available on Mr. Seides' website and on Apple Podcasts and Spotify.
The book is available in hard copy and digital versions.