Episode 1: Sheelah Kolhatkar &
Sheelah Kolhatkar: In the author section of the podcast, Sheelah Kolhatkar, staff writer at the New Yorker, talks about her new book, now in its third printing, Black Edge: Inside Information, Dirty Money, and the Quest to Bring Down the Most Wanted Man on Wall Street.
The behind the scenes tale of the cat and mouse chase between Preet Bharara, the former US Attorney for the Southern District of New York, and Steven A. Cohen, one of the wealthiest and powerful hedge fund managers in history, is not only fascinating but timely.
Lance Humphrey: In the portfolio management section of the podcast we speak with Lance Humphrey, who manages $6 billion for USAA Asset Management. Lance reveals his method of “factor neutralization,” discusses integrating factor investing with active management and addresses how he selects and supervises active managers.
As the active versus passive investing debate rages, Lance provides a logical framework for integrating both disciplines into a portfolio management framework and managing those investments on a going forward basis. He stresses the need for a simplification of factors utilized and discusses performance benchmarks.