E6. Saving Delta’s Pension with Portable Alpha - Jonathan Glidde

In this episode, we delve into the world of portable alpha and risk management with John Glidden, a seasoned investor with over a decade of experience. John shares his journey from his early days in Newport News, Virginia, to his current role in managing billions of dollars. We explore the intricacies of portable alpha, the role of hedge funds, and the importance of governance buy-in.

Speakers

AI Chat

Rodrigo Gordillo

Host • 8%

Rodrigo Gordillo

Host • 1%

Unidentified

Jon Glidden

Guest • 84%

Corey Hoffstein

Host • 6%

Chapters

0:00	Introduction of Jonathan Glidden and his background in portable alpha strategies
1:35	Podcast introduction, disclaimer, and hosts
2:43	Sponsor: returnstack.com
3:11	Jonathan's professional journey in portable alpha for Delta's pension plan
14:27	Evaluating alpha sources and hedge funds suitability
22:50	Challenges and reframing of hedge fund investments with a focus on high residual information ratio
26:01	Leverage limits and risk management in portable alpha
29:53	Alpha validation and lessons from 2008
39:02	Gaining stakeholder buy-in and impact of overfunding on strategy
46:30	Adjusting derivatives and hedging in portable alpha management
49:11	Day-to-day complexities and liquidity management in pension portfolios
54:11	The effect of market conditions on pension fund performance and scalable strategies
58:50	Advice and importance of liquidity management during market shocks
1:06:11	Key lessons and concluding thoughts

Transcript

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