Episode
#141 Inside Center Book: Alpha Capture, Manager Skill and The AI Advantage - David Stemerman
- Podcast
- Alt Funds Network
- Published
- Mar 20, 2026
- Duration seconds
- 3593
- Processing state
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Summary
Background: David Stemerman, is Co-Founder, CEO & CIO of CenterBook Partners, a pioneering global buy-side alpha capture platform. Description: On the Alt Funds Network podcast, Mike Schroeder and Skyler Steinke interview David Stemerman, co-founder, CEO and CIO of Center Book Partners, a global buy-side alpha capture firm. Stemerman shares his background in bottom-up stock picking, work at Lone Pine, and founding KTI Capital, then explains why Center Book was built to deliver “pure alpha” by isolating managers’ idiosyncratic stock-picking returns from factor and market noise. He describes partnering with Alpha Theory to access years of portfolio and price-target data, evaluate manager skill and process discipline, and use systematic portfolio construction and efficient trading to capture managers’ “optimal portfolio” alpha. The discussion covers why equity long/short may be entering a better regime, allocators’ overconcentration in multi-manager strategies, Center Book’s growth plans, and how AI tools improve productivity, coding, and data analysis.