{"podcast":{"title":"Capital Decanted","slug":"capital-decanted-6600567","podcast_index_feed_id":6600567,"rss_url":"https://anchor.fm/s/e7ad5f9c/podcast/rss","website_url":"https://podcasters.spotify.com/pod/show/capital-decanted","image_url":"https://d3t3ozftmdmh3i.cloudfront.net/staging/podcast_uploaded_nologo/38768991/38768991-1772486646526-6b26282e2c389.jpg","author":"John Bowman and Aaron Filbeck","episode_count":47,"summary":"Say goodbye to tired market takes and superficial sound bites. Because here, instead of skimming the surface, we dive into the heart of capital allocation — striking the perfect balance and exposing the subtleties that reveal the topic’s true essence. Prepare to have your perspectives challenged as we open up the issues that resonate with the hearts and minds of those shaping asset management.","last_synced_at":null,"page_url":"https://stenobird.com/podcast/capital-decanted-6600567"},"episode":{"title":"S3 | Episode 3: Total Portfolio Approach, Part 2 - Implications for the Broader Investment Ecosystem","slug":"s3-episode-3-total-portfolio-approach-part-2-implications-for-the-broader-investment-ecosystem","published_at":"2025-12-19T20:49:32+00:00","page_url":"https://stenobird.com/podcast/capital-decanted-6600567/s3-episode-3-total-portfolio-approach-part-2-implications-for-the-broader-investment-ecosystem","show_page_url":"https://stenobird.com/podcast/capital-decanted-6600567","url":"https://podcasters.spotify.com/pod/show/capital-decanted/episodes/S3--Episode-3-Total-Portfolio-Approach--Part-2---Implications-for-the-Broader-Investment-Ecosystem-e3cjiku","audio_url":"https://anchor.fm/s/e7ad5f9c/podcast/play/112887902/https%3A%2F%2Fd3ctxlq1ktw2nl.cloudfront.net%2Fstaging%2F2025-11-19%2Fb38aa965-1fe5-e5d7-63ed-ac3d963f9f96.mp3","summary":"What happens when asset owners stop managing asset classes and start managing the whole fund? How do portfolios change, and how does the industry reorient their business models around them? In this episode, a practical sequel to Season 1's introduction, we break down how TPA changes investment processes, how portfolios differ under an SAA framework, and what this means for external managers. With insights from CPP Investments, NZ Super, Blue Owl, and Capital Group, the conversation highlights how partnership, transparency, and solution-oriented relationships reshape the manager-investor relationship in a TPA world. Guests: Geoffrey Rubin, Chief Investment Strategist, Total Portfolio Management, CPP Investment Board Charles Hyde, Head of Asset Allocation, New Zealand Superannuation Fund Eugene Podkaminer, Institutional Solutions, Capital Group James Clarke, Senior Managing Director, Global Head of Institutional Capital, Blue Owl Capital Episode Sources","meta_description":"What happens when asset owners stop managing asset classes and start managing the whole fund? How do portfolios change, and how does the industry reorient…","key_points":[],"chapters":[],"topics":[],"duration_seconds":5623,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/capital-decanted-6600567/episodes/s3-episode-3-total-portfolio-approach-part-2-implications-for-the-broader-investment-ecosystem/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/capital-decanted-6600567/s3-episode-3-total-portfolio-approach-part-2-implications-for-the-broader-investment-ecosystem.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}