Marcos Veremis – Allocator's Perspective on Blockchain (EP.254, Crypto for Institutions 2, EP.01)
Capital Allocators – Inside the Institutional Investment Industry
Ted Seides – Allocator and Asset Management Expert
4.7 • 841 Ratings
🗓️ 13 June 2022
⏱️ 55 minutes
🧾️ Download transcript
Summary
Our conversation covers Marcos' discovery of crypto while at Cambridge, building a formal research practice, and following institutional interest in the space. We then turn to his transition from consultant to the buy side (of the buy side) and his approach to manager selection, due diligence, portfolio construction, and oversight. We close with Marcos' perspective on the recent drawdown, valuation, and long-term outlook.
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Transcript
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| 0:00.0 | Capital Allocators is brought to you by Ten East, an investment platform for sophisticated investors to access private markets. |
| 0:10.5 | Ten East brings benefits of having your own family office without the cost and headaches of doing so. |
| 0:16.8 | It's founded and led by Michael LaFelle, former deputy executive managing member of Davidson Kempner. |
| 0:24.2 | Michael and his investment team offer members the opportunity to co-invest by offering at their |
| 0:29.1 | discretion. Michael and his team source, diligence, and commit material personal capital to each |
| 0:35.3 | investment. The opportunities shared on the Ten East platform |
| 0:38.9 | offer exposure to private credit, real estate, niche venture and private equity, and other |
| 0:44.5 | idiosyncratic investments that typically aren't available through traditional channels. |
| 0:49.2 | The principles have over a decade track record of investing in these types of exposures |
| 0:53.5 | across more than 350 |
| 0:55.7 | transactions. Post-investment, the Tennis team conducts ongoing monitoring and reporting, |
| 1:01.8 | just as you'd expect from an institutional investment organization. I've known Michael for about a |
| 1:07.0 | decade, and after becoming impressed by the quality of 10 East offerings, its research |
| 1:11.6 | process, and high-quality investment team, I became an advisor to the organization, an investor |
| 1:17.1 | in multiple offerings. You can learn more and join me as a member at 10east.com. That's the number 10, |
| 1:25.4 | east.co. |
| 1:31.9 | Thank you. That's the number 10, east.co. Last year, we shared a mini-series called Crypto for Institutions to cover the basics of the rapidly evolving ecosystem from an investor's perspective. |
| 1:41.8 | Through conversations with Eric Peters at One River, Michael Sonnet Shine from |
| 1:45.9 | Grayscale, Seth Jins from Coin Fund, and Ari Paul from Block Tower, we covered the case for Bitcoin, |
| 1:52.9 | a path to access, investing beyond Bitcoin, and trading strategies. Over the next three weeks, |
| 1:59.5 | we'll dive in a little deeper with crypto for institutions |
| 2:02.8 | too. This six-part miniseries explores where we are today in the rapidly evolving world |
... |
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