Raphael Arndt's guest appearances

Raphael Arndt

Capital Allocators – Inside the Institutional Investment Industry

Mel's Specific learning Podcasts

Josh Wolfe

Annie Duke

Michael Mauboussin

Jon Wertheim

Kyle Samani

Carla Harris

Chris Voss

Scott Kupor

James Clear

Renata Quintini

David Barrett

Andreessen Horowitz

Scott Wilson

Matt Brown

Arjun Sethi

OwlTail

 Raff Arndt is the Chief Investment Officer of Australia’s AUZ$145 billion Sovereign Wealth Fund, the Future Fund.  He trained as an engineer and dove into infrastructure policy at the beginning of Australia’s privatizations in the late 1990s. After investing in the space for six year, he joined the Future Fund in 2008 to head the infrastructure team. Six years later, Raff became CIO.  Our conversation spans all aspects of the management of a next generation institutional portfolio, including a one team, one portfolio philosophy, disaggregating beta and factors from skill in public markets, separating the impact of leverage and timing from skill in private markets, venture capital and co-investment opportunities in a large pool of capital, the option value of flexibility, the team required to make decisions in this format, compensation, fees, views on China, and the current market environment.  Australia created the Future Fund only eleven years ago with a mandate to compound capital for 20 years before even contemplating withdrawals. It has been described to me as a pool of capital with the size and transparency of CalPERS and the sophistication of Yale. I’m sure you’ll soon understand why.  Discuss the show and Read the transcript    Join Ted's mailing list at CapitalAllocatorsPodcast.com   Write a review on iTunes   Follow Ted on twitter at @tseides    For more episodes go to CapitalAllocatorsPodcast.com/Podcast

Raff Arndt is the Chief Investment Officer of Australia’s AUZ$145 billion Sovereign Wealth Fund, the Future Fund.  He trained as an engineer and dove into infrastructure policy at the beginning of Australia’s privatizations in the late 1990s. After investing in the space for six year, he joined the Future Fund in 2008 to head the infrastructure team. Six years later, Raff became CIO. Our conversation spans all aspects of the management of a next generation institutional portfolio, including a one team, one portfolio philosophy, disaggregating beta and factors from skill in public markets, separating the impact of leverage and timing from skill in private markets, venture capital and co-investment opportunities in a large pool of capital, the option value of flexibility, the team required to make decisions in this format, compensation, fees, views on China, and the current market environment. Australia created the Future Fund only eleven years ago with a mandate to compound capital for 20 years before even contemplating withdrawals. It has been described to me as a pool of capital with the size and transparency of CalPERS and the sophistication of Yale. I’m sure you’ll soon understand why. <a href="http://capitalallocatorspodcast.com/premium" rel="nofollow" target="_blank">Discuss the show and Read the transcript</a> Join Ted's mailing list at <a href="http://capitalallocatorspodcast.com/" rel="nofollow" target="_blank">CapitalAllocatorsPodcast.com</a> Write a review on <a href="https://itunes.apple.com/us/podcast/capital-allocators-with-ted-seides/id1223764016" rel="nofollow" target="_blank">iTunes</a> Follow Ted on twitter at <a href="http://www.twitter.com/tseides" rel="nofollow" target="_blank">@tseides</a> For more episodes go to <a href="http://capitalallocatorspodcast.com/podcast" rel="nofollow" target="_blank">CapitalAllocatorsPodcast.com/Podcast</a>

Raphael Arndt – Australia’s Sovereign Wealth Fund CIO (Capital Allocators, Episode 70)