Ted Seides
The Navigator
Judgement in the fog, money, risk and the call others cannot make.
Ted Seides is The Navigator in the truest sense, guiding investors through the treacherous terrain of portfolio construction by charting risk before reward. His pillar-of-risk framework and his insistence on portfolio fit over product selection reveal a leader who reads conditions carefully and plots deliberate courses. Through Capital Allocators, he steers others away from compounding dangers rather than selling them destinations, which is precisely what separates navigation from mere direction.
“Before you just decide I want to invest in a hedge fund, it's really important to understand how are you thinking about your portfolio and how do hedge funds fit in.”
“There are three pillars that don't go together well: concentration, leverage, and illiquidity. You can take any one of those risks, but if you take two or certainly three at the same time, that's a recipe for disaster.”
“Investors should be thinking about risk first. If you understand the risk you're taking and you look for some type of asymmetry or convexity, the rewards can take care of themselves.”
Masters in Business: “Team Favorite At the Money: Are Hedge Funds Are Right For You?”
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