Mark Sullivan and Roberto Isch – Hedge Fund Investing at Wellington (EP.427) | Capital Allocators – Inside the Institutional Investment Industry | Podwise
This interview podcast features Ted Seides speaking with Mark Sullivan and Roberto Isch, partners at Wellington Management, a $1.3 trillion firm. The conversation centers on the evolution of Wellington's hedge fund strategies, from its beginnings in the mid-1990s to its current third-generation multi-strategy platform. The discussion covers client needs, manager selection processes, portfolio construction, risk management, and the challenges of attracting and retaining top talent in a competitive market. A key takeaway is Wellington's approach to giving portfolio managers more time and leeway to demonstrate their skills, even during periods of drawdown, contrasting with the more frequent churn seen in other hedge fund platforms. Listeners gain insights into the complexities of building and managing a successful multi-strategy hedge fund.
