{"podcast":{"title":"Other People's Money with Max Wiethe","slug":"other-people-s-money-with-max-wiethe-7072600","podcast_index_feed_id":7072600,"rss_url":"https://feeds.megaphone.fm/opm","website_url":null,"image_url":"https://megaphone.imgix.net/podcasts/4cb1d8a0-92d7-11ef-b65d-2b8e9bc0304e/image/2b293f242fce3628918a6d63672cf9c9.png?ixlib=rails-4.3.1&max-w=3000&max-h=3000&fit=crop&auto=format,compress","author":"Max Wiethe","episode_count":69,"summary":"A finance podcast about investing, markets, and the big things that are affecting my, your, and other people's money. New episodes weekly with top fund managers, analysts, and business leaders. Follow us on: Max's Twitter: https://x.com/maxwiethe OPM on Twitter: https://x.com/opmpod Watch OPM and our Partner Show Monetary Matters on YouTube: https://www.youtube.com/channel/UCeyqw1Ns_cnhSJh5XvXPWgw","last_synced_at":"2026-07-08T06:17:44.317358+00:00","page_url":"https://stenobird.com/podcast/other-people-s-money-with-max-wiethe-7072600"},"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":"2026-07-07T15:58:00+00:00","page_url":"https://stenobird.com/podcast/other-people-s-money-with-max-wiethe-7072600/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/other-people-s-money-with-max-wiethe-7072600","url":"https://traffic.megaphone.fm/EWWMN2980097261.mp3","audio_url":"https://traffic.megaphone.fm/EWWMN2980097261.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/other-people-s-money-with-max-wiethe-7072600/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/other-people-s-money-with-max-wiethe-7072600/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."}]}}