Independently minded publishing

Capital Allocators

How the world’s elite money managers lead and invest

By Ted Seides

Hardback £30.00 / $35.00
eBook £15.00 / $19.00
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Capital Allocators

How the world’s elite money managers lead and invest

By Ted Seides

Jacket text

The chief investment officers (CIOs) at endowments, foundations, family offices, pension funds, and sovereign wealth funds are the leaders in the world of finance. They marshal trillions of dollars on behalf of their institutions and influence how capital flows throughout the world.

But these elite investors live outside of the public eye. Across the entire investment industry, few participants understand how these holders of the keys to the kingdom allocate their time and their capital.

What’s more, there is no formal training for how to do their work.

So how do these influential leaders practice their craft? What skills do they require? What frameworks do they employ? How do they make investment decisions on everything from hiring managers to portfolio construction?

For the first time, CAPITAL ALLOCATORS lifts the lid on this opaque corner of the investment landscape.

Drawing on interviews from the first 150 episodes of the Capital Allocators podcast, Ted Seides presents the best of the knowledge, practical insights, and advice of the world’s top professional investors.

These insights include:

– The best practices for interviewing, decision-making, negotiations, leadership, and management.

– Investment frameworks across governance, strategy, process, technological innovation, and uncertainty.

– The wisest and most impactful quotes from guests on the Capital Allocators podcast.

Learn from the likes of the CIOs at the endowments of Princeton and Notre Dame, family offices of Michael Bloomberg and George Soros, pension funds from the State of Florida, CalSTRS, and Canadian CDPQ, sovereign wealth funds of New Zealand and Australia, and many more.

CAPITAL ALLOCATORS is the essential new reference manual for current and aspiring CIOs, the money managers that work with them, and everyone allocating a pool of capital.

About the author

Ted Seides, CFA has spent 25 years as an institutional investor, allocating money to managers. He started in 1992 at the Yale University Investments Office, seven years after David Swensen arrived at Yale. Ted spent five years learning under David’s tutelage and departed to attend Harvard Business School shortly before David wrote the bible in the industry, Pioneering Portfolio Management.

In 2017, Ted launched the Capital Allocators podcast, a series of interviews with leading Chief Investment Officers. The show reached four million downloads in August 2020. Barron’s, Business Insider, and Value Walk each named it among the top investing podcasts. He also advises asset managers and allocators across business strategy, audio content, and investing.

Ted writes opinion pieces for Institutional Investor, wrote a blog for the CFA Institute’s Enterprising Investor and guest publications for the late Peter L. Bernstein’s Economics and Portfolio Strategy.

Media coverage

From amchamnews:

Investment managers can make a lot of money, but to be successful in this high-risk field, candidates must possess a very well-rounded skill set. In his insightful and practical manual, investment manager Ted Seides puts together a guide for aspiring investment managers.

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From Think Advisor:

Seides assessed his chances of prevailing at 85%, but Buffett emerged the winner. Yet today Seides sticks to his guns: “If you went back to January 1, 2008, and made the same bet over 10 years, I think you’d win seven out of 10 times picking hedge funds,” he argues in the interview. Seides’ decision… Read more »

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From Fairfield County Business Journal:

“What the book is not is a ‘definitive guide’ to anything. Instead I wanted to focus on the tools a CIO needs, the framework and how you go about the investing process.”

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From Business Insider:

But what has arguably showcased Seides’ exposure the most to not only the biggest names but their insights as well is his Capital Allocators podcast. Launched in 2017 — and recently compiled as parts of a book — it consists of his series of interviews with today’s leading chief investment officers, managers, and financial market… Read more »

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Published: 23/03/2021
Pages: 220
Formats: hardback - ISBN 9780857198860
ebook - ISBN 9780857198877
audio - ISBN 0000000000044
Media enquiries

If you’d like to get in touch with the author for interview or comment, or you’d like a review copy of this book, please contact us at or call +44 (0)1730 233870.


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