#141 Inside Center Book: Alpha Capture, Manager Skill and The AI Advantage - David Stemerman
From Alt Funds Network by Mike Schroeder, Skyler Steinke
March 20, 2026 · 60 min · Episode 150
About this episode
David Stemerman discusses alpha capture, manager skill, and the role of AI in investment strategies on the Alt Funds Network podcast.
Background: David Stemerman, is Co-Founder, CEO & CIO of CenterBook Partners, a pioneering global buy-side alpha capture platform. Description: On the Alt Funds Network podcast, Mike Schroeder and Skyler Steinke interview David Stemerman, co-founder, CEO and CIO of Center Book Partners, a global buy-side alpha capture firm. Stemerman shares his background in bottom-up stock picking, work at Lone Pine, and founding KTI Capital, then explains why Center Book was built to deliver “pure alpha” by isolating managers’ idiosyncratic stock-picking returns from factor and market noise. He describes partnering with Alpha Theory to access years of portfolio and price-target data, evaluate manager skill and process discipline, and use systematic portfolio construction and efficient trading to capture managers’ “optimal portfolio” alpha. The discussion covers why equity long/short may be entering a better regime, allocators’ overconcentration in multi-manager strategies, Center Book’s growth plans, and how AI tools improve productivity, coding, and data analysis.
People in this episode
Hosts: Mike Schroeder, Skyler Steinke
Guest: David Stemerman
Topics covered
- alpha capture
- manager skill
- AI in investing
- equity long/short strategies
- portfolio construction
- data analysis
Keywords
- alpha capture
- manager skill
- AI tools
- portfolio construction
- equity long/short
- stock picking
- investment strategies
Mentioned in this episode
Organizations: CenterBook Partners, Alpha Theory, Lone Pine, KTI Capital
More episodes of Alt Funds Network
- #150 ETFs, Market Themes, and New Credit Ideas with Matthew Tuttle · June 12, 2026 · 48 min
- #149 Automate or Die: The Secret Tech Saving Real-World Factories - Renan Devillieres of OSS Ventures · June 5, 2026 · 42 min
- #148 Self-Storage Real Estate with Jacob Vanderslice of Van West Partners · May 29, 2026 · 58 min
- #147 Investing in Manufactured Housing & RV Parks with Nathan Jameson of Arx Capital · May 22, 2026 · 1h 4m
- #146 The Money Multiplier with Brent Kesler · May 15, 2026 · 52 min
- #145 CBDC’s; Building Sovereign Digital Infrastructure with Xin Yan of Sign Global · May 8, 2026 · 44 min
Explore listener stats, chart rankings, contacts and more on the Alt Funds Network podcast page.