[REPLAY] Andre Perold Academic Practitioner (Capital Allocators, EP.02)

Published: Dec. 21, 2020, 10 a.m.

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Andr\\xe9 Perold 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, Andr\\xe9 has definitively rebuffed the clich\\xe9 that those who can\\u2019t do, teach.\\xa0In his prior career, he spent over 30 years teaching at the HBS, where he is the George Gund Professor of Finance and Banking, Emeritus.

Andr\\xe9 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 their resume took a seat in his classroom at one point in time. Andr\\xe9 received numerous awards for teaching excellence, including being voted the School\\u2019s most outstanding professor in a\\xa0Business Week\\xa0student survey.

While at Harvard, Andr\\xe9 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.\\xa0He literally chronicled the development of modern finance as it occurred through is work at HBS.

Among his directorships and trustee roles over the years, Andr\\xe9 currently is a Board member at The Vanguard Group.

In this episode, we spend the first 11:30 talking about teaching at Harvard, and then turn to the practice of investing: the active vs. passive debate, a risk-based approach to asset allocation, and what makes investing so hard.\\xa0 I found it fascinating hearing how Andr\\xe9\\xa0takes all of his academic experience and knowledge and applies it the practice of investing at HighVista. His wisdom and clarity of thought are second to none, and his soothing South African accent only adds to the allure.

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