[REPLAY] André Perold – Academic Practitioner

Ted Seides (0:01)

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Hello, I'm Ted Seides and this is Capital Allocators. This show is an open exploration of the people and process behind Capital Allocation. Through conversations with leaders in the money game, we learn how these holders of the keys to the kingdom allocate their time and their capital. You can keep up to date by visiting www.capitalallocatorspodcast.com.

SPEAKER_2 (3:33)

Ted Seides is the Managing Director of Hidden Brook Investments, LLC.

All opinions expressed by Ted and podcast guests are solely their own opinions and do not reflect the opinion of Hidden Brook Investments. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. Clients of Hidden Brook Investments may maintain positions and securities or manage their own business, but it is not the case for all of us.

Ted Seides (3:58)

My guest on today's show is André Perold. For those who know André, he needs no introduction. André is the Chief Investment Officer and co-managing partner at HighVista Strategies, where for the last dozen years he has sat at the helm of a now $3 billion fund that takes a multi-asset class, endowment-like approach, emphasizing broad diversification and risk management. Over this period, André has definitively rebuffed the cliché that those who can't do teach. You see, in his prior career, he spent over 30 years teaching at the Harvard Business School, where he is the George Gund Professor of Finance and Banking Emeritus.

André had a distinguished career teaching Investment Management at Harvard, and is a legendary master of the case study classroom. Just about everyone in the investment profession with Harvard Business School on the resume once took a seat in his classroom.

André received numerous awards for teaching excellence, including being voted the school's most outstanding professor in a Business Week student survey. While at Harvard, André authored and co-authored 27 articles in financial journals, two books, and over 100 case studies, all relating to investment management, capital markets, and the financial system. He literally chronicled the development of modern finance as it occurred through his work at Harvard Business School. To give you a sense, some of my favorites among his collection of case studies includes, In 1994, Black-Scholes Pricing for the HP12C Calculator. In 1990, the RJR Nabisco LBO. In 1994, Banker's Trust Derivatives. In 1996, Private Equity in Russia. In 1998, The Vanguard Group. In 1999, a series on Long-Term Capital Management. In 2007, Before the Financial Crisis, a case on Leveraged Loans. And over the last decade, cases on the Notre Dame and Harvard Endowments. Among his directorships and trustee roles over the years, André is currently a board member at the Vanguard Group.