About this episode

Sean McGould discusses how The Lighthouse Group navigates the bull market by targeting diverse sources of global alpha, with a focus on Japan's market reforms and the impact of AI on equity issuance.

Sean McGould, CEO and CIO of $19 billion hedge fund manager The Lighthouse Group, joins OPM to discuss navigating today's bull market by targeting diverse sources of global alpha. The conversation focuses on Japan as a new source of alpha, spurred by the country's historic corporate governance reforms, the unwinding of cross-shareholdings, and the new NISA guidelines driving unprecedented retail investment. Additionally, McGould breaks down how the AI capital expenditure arms race is shaping global equity issuance and explains why the multi-manager "pod shop" model is the true modern successor to Wall Street's legacy proprietary trading desks. Follow Max on X: https://x.com/maxwiethe Follow Other People’s Money on: Apple Podcast https://bit.ly/4e7QJ1M Spotify https://bit.ly/3Yhaazi YouTube https://bit.ly/3C63VXR X https://x.com/opmpod Timestamps: 00:00 Japan Market Shift 01:29 Lighthouse Group 04:53 Why Hedge in Bull Runs? 10:43 Equity Issuance Signals 13:33 Capex Versus Meme Raises 16:27 AI Inside Lighthouse 18:20 Specialists vs. Generalists 19:42 AI Fuels Asia Outperformance 21:18 Japan Reforms and Nikkei 24:43 Korea Value Up Program 27:44 Fixing Incentive Imbalances 32:34…

People in this episode

Host: Max Wiethe

Guest: Sean McGould

Topics covered

• hedge funds
• global alpha
• Japan market
• AI in finance
• multi-manager model
• corporate governance

Keywords

• hedge fund
• alpha
• Japan
• AI
• equity issuance
• multi-manager
• corporate governance

Mentioned in this episode

Organizations: The Lighthouse Group

Books & works: NISA guidelines

Places: Japan, Korea, Wall Street

More episodes of Other People's Money with Max Wiethe

• Turbocharged Trend Following: Why Capturing the Market’s Biggest Trends Means Embracing High Volatility | Moritz Seibert & Moritz Heiden | Takahe Capital · July 16, 2026 · 1h 16m
• Top IPO Scholar on Unprecedented IPO Wave & Why IPOs Underperform the Market | Jay Ritter · June 30, 2026 · 52 min
• Inside The Platform Helping Invest Like Substack & FinTwit's Top Researchers | Plutus · June 24, 2026 · 48 min
• The US Manufacturing and Electrification Megatrends Are Here and They’re Way More Than AI | Chris Semenuk · June 18, 2026 · 1h 20m

Explore listener stats, chart rankings, contacts and more on the Other People's Money with Max Wiethe podcast page.