# Will England, Derek Drummond, and Tony Caruso – Disintermediating Pod Shops (EP.501)

Page: https://stenobird.com/podcast/capital-allocators-inside-the-institutional-investment-industry-222998/will-england-derek-drummond-and-tony-caruso-disintermediating-pod-shops-ep-501
Text version: https://stenobird.com/podcast/capital-allocators-inside-the-institutional-investment-industry-222998/will-england-derek-drummond-and-tony-caruso-disintermediating-pod-shops-ep-501.md
Podcast: [Capital Allocators – Inside the Institutional Investment Industry](https://stenobird.com/podcast/capital-allocators-inside-the-institutional-investment-industry-222998)
Published: 2026-05-11T08:00:00+00:00
Episode link: https://tedseides.libsyn.com/will-england-derek-drummond-and-tony-caruso-disintermediatingpod-shops-ep501
Audio file: https://pscrb.fm/rss/p/traffic.libsyn.com/secure/tedseides/CA_-_EP.501_Will_Derek_Tony_-_AUDIO_V1.mp3?dest-id=482814
Processing state: not_requested
JSON: https://stenobird.com/v1/public/podcasts/capital-allocators-inside-the-institutional-investment-industry-222998/episodes/will-england-derek-drummond-and-tony-caruso-disintermediating-pod-shops-ep-501
Duration seconds: 3201

## Resource

Today's show discusses an innovative joint venture between asset owners and a multi-manager hedge fund that seeks to deliver smooth, equity-like returns at a lower cost than available in the marketplace. My guests are Will England, Derek Drummond, and Tony Caruso. Will is the CEO and CIO of $12 billion multi-strategy hedge fund Walleye Capital. Derek is head of external public markets investing at the State of Wisconsin Investment Board, and Tony Caruso is Managing Director of hedge funds at UTIMCO. Together, they co-founded Dockside Platforms, a managed account platform that gives institutional allocators direct access to portfolio managers using the infrastructure, risk systems, and financing capabilities of a multi-strat underneath. Our conversation traces Dockside's evolution from a barstool brainstorm to a platform with more than 60 managers and billions in assets. We discuss the accessibility of talent through managed accounts, differentiated manager sourcing, due diligence with trade-level transparency, capital efficiency across portfolios, hedging, risk management, and onboarding and exiting managers on the platform. All told, the combined heft of large asset owner capital and the sophisticated infrastructure of a multi-manager hedge fund have created a win-win for everyone involved. Learn More Follow Ted on Twitter at @tseides or LinkedIn Subscribe to the mailing list Access Transcript with Premium Membership Editing and post-production work for this episode was provided by The Podcast Consultant ( ⁠ https://thepodcastconsultant.com ⁠ )

## Actions

- request_transcript: `POST https://stenobird.com/v1/public/podcasts/capital-allocators-inside-the-institutional-investment-industry-222998/episodes/will-england-derek-drummond-and-tony-caruso-disintermediating-pod-shops-ep-501/transcription-requests` — Idempotently request low-priority transcript generation for this episode.
- read_markdown: `GET https://stenobird.com/podcast/capital-allocators-inside-the-institutional-investment-industry-222998/will-england-derek-drummond-and-tony-caruso-disintermediating-pod-shops-ep-501.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.