{"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":"Can Alpha Capture Save Fundamental Long/Short Equity? | David Stemerman CenterBook Partners","slug":"can-alpha-capture-save-fundamental-long-short-equity-david-stemerman-centerbook-partners","published_at":"2025-11-18T12:00:00+00:00","page_url":"https://stenobird.com/podcast/other-people-s-money-with-max-wiethe-7072600/can-alpha-capture-save-fundamental-long-short-equity-david-stemerman-centerbook-partners","show_page_url":"https://stenobird.com/podcast/other-people-s-money-with-max-wiethe-7072600","url":"https://traffic.megaphone.fm/EWWMN5763572477.mp3","audio_url":"https://traffic.megaphone.fm/EWWMN5763572477.mp3","summary":"This Other People’s Money episode is brought you by Fiscal.ai. Sign up for a 2-week free trial and get 15% off any paid tier at: http://fiscal.ai/mm Fundamental long-short equity investing has been in decline with fewer new fund launches and dwindling assets, but David Stemerman, CEO, CIO and Co-founder of CenterBook Partners believes data clearly shows these investors still have significant investing skill. He argues that single manger hedge fund data collected using alpha capture can be used to construct new portfolios and strategies that will be more attractive for institutional investors. Through a combination of direct payments, data sharing, and partnering with single managers on custom strategies he believes that that alpha capture can revitalize single manager hedge funds. Not all alpha capture strategies are made equal though and one of the biggest problems he is trying to solve is convincing managers and their LPs that alpha capture can be done without harming the returns of the manager. Read the white paper: https://www.centerbook.com/ACPaper Become a CenterBook Partners partner fund: https://www.centerbook.com/contributors 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 Intro 00:40 Fiscal.ai 01:34 Single Manager & Tiger Cub Origins 02:45 Fundamental Long Short Equity Under Pressure 07:21 History of Alpha Capture 09:07 Responsible Alpha Capture 16:40 Fiscal.ai 17:58 Why Don’t Managers Adapt to Allocator Demands? 26:48 CenterBook's Current Alpha Capture Strategy 33:14 How Do You Manage External Partners? 35:38 Reactions From LPs at Partner Funds 39:46 Types of Allocators Are Interested in Alpha Cap…","meta_description":"This Other People’s Money episode is brought you by Fiscal.ai. Sign up for a 2-week free trial and get 15% off any paid tier at: http://fiscal.ai/mm Funda…","key_points":[],"chapters":[],"topics":[],"duration_seconds":4179,"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/can-alpha-capture-save-fundamental-long-short-equity-david-stemerman-centerbook-partners/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/can-alpha-capture-save-fundamental-long-short-equity-david-stemerman-centerbook-partners.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}