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

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