# #141 Inside Center Book: Alpha Capture, Manager Skill and The AI Advantage - David Stemerman

Page: https://stenobird.com/podcast/alt-funds-network-6503747/141-inside-center-book-alpha-capture-manager-skill-and-the-ai-advantage-david-stemerman
Text version: https://stenobird.com/podcast/alt-funds-network-6503747/141-inside-center-book-alpha-capture-manager-skill-and-the-ai-advantage-david-stemerman.md
Podcast: [Alt Funds Network](https://stenobird.com/podcast/alt-funds-network-6503747)
Published: 2026-03-20T05:00:00+00:00
Episode link: https://altfunds.io/episodes/141-inside-center-book-alpha-capture-manager-skill-and-the-ai-advantage-david-stemerman-wX1RBILW
Audio file: https://cdn.simplecast.com/media/audio/transcoded/0464ed47-c2ab-46cf-ad4b-764e80811bff/376b141b-aa11-4686-8a52-449a3ea1a713/episodes/audio/group/856ebb0a-de94-472d-b54c-e881940feb3a/group-item/745ad654-4470-442d-991a-dd449627aa13/128_default_tc.mp3?aid=rss_feed&feed=pR4BJY_p
Processing state: not_requested
JSON: https://stenobird.com/v1/public/podcasts/alt-funds-network-6503747/episodes/141-inside-center-book-alpha-capture-manager-skill-and-the-ai-advantage-david-stemerman
Duration seconds: 3593

## Resource

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.

## Actions

- request_transcript: `POST https://stenobird.com/v1/public/podcasts/alt-funds-network-6503747/episodes/141-inside-center-book-alpha-capture-manager-skill-and-the-ai-advantage-david-stemerman/transcription-requests` — Idempotently request low-priority transcript generation for this episode.
- read_markdown: `GET https://stenobird.com/podcast/alt-funds-network-6503747/141-inside-center-book-alpha-capture-manager-skill-and-the-ai-advantage-david-stemerman.md` — Read the agent-friendly Markdown representation of this episode resource.

A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed.

## Transcript

Full transcripts are not published on public pages unless there is a clear rights basis.