Tag: Asset Allocation

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Improving Alpha: TC Wilson on Advancing the Practice of Good Medicine through Better Asset Allocation Strategies

Improving Alpha: TC Wilson on Advancing the Practice of Good Medicine through Better Asset Allocation Strategies

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Today there’s tremendous focus around the practice of good medicine, the advancement of healthcare innovations, and positive patient outcomes. One company that embodies these characteristics and provides services to the healthcare industry is The Doctor’s Company. The Doctors Company began in 1976 during a crisis period in medical malpractice claims that were skyrocketing. Formed out of historic legislation for the time, and starting with only 450 members this organization has grown to over 90,000 members.

As the nation’s largest physician-owned medical malpractice insurance company it takes a steady hand and solid grasp of the balancing that needs to occur in both the underwriting and asset allocation areas of the business. 

Join Michael Oliver Weinberg, host, Improving Alpha Podcast, as he sits down with TC Wilson, Chief Investment Officer, The Doctors Company. Learn more about TC’s journey and the balancing of investments and underwriting to help generate alpha. 

TC highlights the following: 

  • the generation of alpha opportunities across US investment grade and non-traditional investments and how they differ from an endowment or foundation.
  • how he’s looking at private credit and private equity and where the innovation and creativity lie today.
  • how The Doctors Company integrates ESG considerations and supports California’s climate and carbon initiatives in asset allocation strategies, governance, monitoring, and due diligence.
  • what does the organization known as California Organized Investment Network, (COIN) do for environmental benefits in California?
  • how does the challenging regulatory environment impact TC’s diversification strategies in managing his shop? Does he believe that they might be getting penalized prematurely for other players’ bad market moves?
  • steps for identifying red flags in investment strategies and culture.
  • And more

Resources:

Connect with TC Wilson:

Connect with Michael Oliver Weinberg: 

About Our Guest:

Chief Investment Officer and Senior Vice President TC Wilson joined The Doctors Company as its first Chief Investment Officer in 2017. Mr. Wilson is responsible for the development, management, and oversight of the company’s strategic investment program. He also ensures that overall investment and growth objectives are met in support of the company’s underwriting profile and operating results. He contributes to The Doctors Company’s strategic growth plan as it relates to investment review and assessment of new partnerships and opportunities. On a day-to-day basis, Mr. Wilson oversees the company’s investment portfolio with the goal of preserving and growing surplus. He also serves as Chairman of The Doctors Company’s 401(k) Committee. Prior to joining The Doctors Company, Mr. Wilson served as Head of Institutional Consulting for The Optimal Service Group (OSG), an investment consultant that specializes in investment advice to the medical malpractice industry. At OSG, he was the lead investment consultant to The Doctors Company from 2000 through 2017. Mr. Wilson has nearly 30 years of investment and consulting experience, including his initial five-year stint with one of the nation’s leading benefits consulting firms in Richmond, Virginia.

The information covered and posted represents the views and opinions of the guest and does not necessarily represent the views or opinions of Vidrio Financial, and/or our host, Michael Oliver Weinberg. The Content has been made available for informational and educational purposes only. The Content is not intended to be a substitute for professional investing advice. Always seek the advice of your financial advisor or other qualified financial service provider with any questions you may have regarding your investment planning.

The release date may not correspond to the recording date.

Yt Feature Image Shai Davidai
Improving Alpha: A Zero Sum Behavioral Psychology Approach for Innovative Allocators

Improving Alpha: A Zero Sum Behavioral Psychology Approach for Innovative Allocators

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In the world of finance, there are many discussions around the topics of economic challenges or inequality when it comes to how asset managers or asset owners navigate the market. The volume certainly increases on this theme around bonus time when performance incentives are being paid out despite market volatility and declining returns.

 In this episode, Michael Oliver Weinberg, co-founder, Improving Alpha Podcast Series, is joined by Shai Davidai, Assistant Professor, Management Division, Columbia Business School, to go under the hood of economic behavioral psychology at work across asset managers and owners.

Shai discusses: 

  • How economic inequality is different from economic mobility and why we tend to overestimate upward mobility. 
  • How philanthropy factors into the internal attributions that people assume about the person that is promoting their Giving Pledge.
  • How does the hypothesis of a zero-sum game factor into an asset manager or owner’s strategic plan?
  • How does the zero-sum game tie itself into organizations and retaining talent by offering either a zero-sum incentive program vs. a non-zero-sum program.
  • And more!

Connect with Shai Davidai:

About Our Guest:

Shai Davidai is Assistant Professor in the Management Division of Columbia Business School. His research examines people’s everyday judgments of themselves, other people, and society as a whole. He studies the psychological forces that shape, distort, and bias people’s perceptions of the world and their influence on people’s judgments, preferences, and choices. His topics of expertise include the psychology of judgment and decision making, economic inequality and social mobility, social comparisons, and zero-sum thinking.

His work has been published in top-tier journals such as the Proceedings of the National Academy of Science, the Journal of Personality and Social Psychology, the Journal of Experimental Psychology, Perspectives on Psychological Sciences, and the Journal of Behavioral Decision Making.

Shai received his PhD from Cornell University in 2015. Prior to joining Columbia Business School, Shai spent a year as a postdoctoral fellow at Princeton University and 3 years as an Assistant Professor of Psychology at The New School for Social Research

Connect with Michael Oliver Weinberg: 

To learn more about our host visit: https://www.vidrio.com/blog/improving-alpha-podcast-columbia-business-davidai

The information covered and posted represents the views and opinions of the guest and does not necessarily represent the views or opinions of Vidrio Financial, and/or our host, Michael Oliver Weinberg. The Content has been made available for informational and educational purposes only. The Content is not intended to be a substitute for professional investing advice. Always seek the advice of your financial advisor or other qualified financial service provider with any questions you may have regarding your investment planning.

The release date may not correspond to the recording date.

Yt Feature Image Jonathan Grabel
Improving Alpha: Jonathan Grabel, LACERA on Consolidating a Strategic Asset Allocation for Growth

Improving Alpha: Jonathan Grabel, LACERA on Consolidating a Strategic Asset Allocation for Growth

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Allocators today can’t predict the future state of the market, especially given recent volatility, needing to rely on several viewpoints and data benchmarks to reach their goal. This is true in the case of LACERA where Jonathan Grabel and his team manage over $70 billion in AUM.

In this episode of Improving Alpha – Innovation in Investing, ESG & Technology, Michael Oliver Weinberg, co-founder, Improving Alpha Podcast Series, is joined by Jonathan Grabel, Chief Investment Officer, LACERA. Learn about Jonathan’s career journey and how he has achieved a high degree of professional happiness by working in a public pension like LACERA.

Jonathan discusses: 

  • How LACERA addresses market volatility today and how innovation plays into that strategic allocation focus. 
  • How LACERA views ESG in a three-dimensional space and what factors help optimize LACERA’s fiduciary duties for their members.
  • The intersection between technology and ESG and how human capital helps evaluate new investments.
  • Moving from a monthly close to a daily NAV, and how it helped LACERA improve portfolio monitoring.
  • LACERA’s co-investment program and the growth it has seen in outpacing its private equity allocations.
  • Investment inefficiencies and innovating through investment seeding, and how it can provide a new revenue stream to LACERA.
  • Observing investment teams that support DE&I and the performance impact to their investment strategies.
  • And more

Resources:

Connect with Jonathan Grabel:

About Our Guest:

Mr. Grabel manages the multibillion-dollar defined benefit pension fund on behalf of LACERA’s active and retired members. He also oversees the investments for the LACERA-administered healthcare benefits program.

Prior to LACERA, Mr. Grabel was the CIO for New Mexico PERA, where he oversaw the investments for the agency’s $15 billion defined benefit fund and the associated PERA SmartSave deferred compensation plan. 

Previously, he was a general partner at a private equity firm focused on growth-stage investments in technology, networking industries, and digital communications. Earlier in his career, Mr. Grabel was an investment banker and licensed CPA (inactive). He received his Bachelor of Science in economics from the Wharton School of the University of Pennsylvania and his MBA from the University of Chicago Booth School of Business.

Connect with Michael Oliver Weinberg: 

To learn more about our host visit: https://www.vidrio.com/blog/improving-alpha-podcast-lacera-grabel 

The information covered and posted represents the views and opinions of the guest and does not necessarily represent the views or opinions of Vidrio Financial, and/or our host, Michael Oliver Weinberg. The Content has been made available for informational and educational purposes only. The Content is not intended to be a substitute for professional investing advice. Always seek the advice of your financial advisor or other qualified financial service provider with any questions you may have regarding your investment planning.

The release date may not correspond to the recording date.