{"podcast":{"title":"Monetary Matters with Jack Farley","slug":"monetary-matters-with-jack-farley-7021905","podcast_index_feed_id":7021905,"rss_url":"https://feeds.megaphone.fm/EWWMN1909747317","website_url":null,"image_url":"https://megaphone.imgix.net/podcasts/ae922b50-71cc-11ef-b70f-ff42e3c63187/image/9e263a75ee53770c25c08c2adce3f11e.png?ixlib=rails-4.3.1&max-w=3000&max-h=3000&fit=crop&auto=format,compress","author":"Jack Farley","episode_count":281,"summary":"Jack Farley interviews the very best financial minds about macro, markets, and monetary matters. Follow Jack on Twitter @JackFarley96.","last_synced_at":"2026-07-17T02:18:42.948088+00:00","page_url":"https://stenobird.com/podcast/monetary-matters-with-jack-farley-7021905"},"episode":{"title":"Breaking Down the Multi-Manager Playbook: How This $19B CIO Thinks About Alpha | Sean McGould | The Lighthouse Group","slug":"breaking-down-the-multi-manager-playbook-how-this-19b-cio-thinks-about-alpha-sean-mcgould-the-lighthouse-group","published_at":"2026-07-07T16:18:00+00:00","page_url":"https://stenobird.com/podcast/monetary-matters-with-jack-farley-7021905/breaking-down-the-multi-manager-playbook-how-this-19b-cio-thinks-about-alpha-sean-mcgould-the-lighthouse-group","show_page_url":"https://stenobird.com/podcast/monetary-matters-with-jack-farley-7021905","url":"https://traffic.megaphone.fm/EWWMN4411928092.mp3","audio_url":"https://traffic.megaphone.fm/EWWMN4411928092.mp3","summary":"Sean McGould, CEO and CIO of $19 billion hedge fund manager The Lighthouse Group, joins OPM to discuss navigating today's bull market by targeting diverse sources of global alpha. The conversation focuses on Japan as a new source of alpha, spurred by the country's historic corporate governance reforms, the unwinding of cross-shareholdings, and the new NISA guidelines driving unprecedented retail investment. Additionally, McGould breaks down how the AI capital expenditure arms race is shaping global equity issuance and explains why the multi-manager \"pod shop\" model is the true modern successor to Wall Street's legacy proprietary trading desks. Follow Max on X: https://x.com/maxwiethe Follow Other People’s Money on: Apple Podcast https://bit.ly/4e7QJ1M Spotify https://bit.ly/3Yhaazi YouTube https://bit.ly/3C63VXR X https://x.com/opmpod Timestamps: 00:00 Japan Market Shift 01:29 Lighthouse Group 04:53 Why Hedge in Bull Runs? 10:43 Equity Issuance Signals 13:33 Capex Versus Meme Raises 16:27 AI Inside Lighthouse 18:20 Specialists vs. Generalists 19:42 AI Fuels Asia Outperformance 21:18 Japan Reforms and Nikkei 24:43 Korea Value Up Program 27:44 Fixing Incentive Imbalances 32:34 Sector Pair Trades Explained 33:56 Factor Neutrality Pitfalls 34:44 AI and Narrative Factors 41:54 Why Liquidity Means Capacity 44:34 Hidden Alpha in Regulation 50:30 Hedging Regulatory Unknowns 53:50 Peak Pod Shop Debate 57:40 Diversification and Market Liquidity","meta_description":"Sean McGould, CEO and CIO of $19 billion hedge fund manager The Lighthouse Group, joins OPM to discuss navigating today's bull market by targeting diverse…","key_points":[],"chapters":[],"topics":[],"duration_seconds":3559,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/monetary-matters-with-jack-farley-7021905/episodes/breaking-down-the-multi-manager-playbook-how-this-19b-cio-thinks-about-alpha-sean-mcgould-the-lighthouse-group/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/monetary-matters-with-jack-farley-7021905/breaking-down-the-multi-manager-playbook-how-this-19b-cio-thinks-about-alpha-sean-mcgould-the-lighthouse-group.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}