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The Long-Short
98. Has multi-manager mania peaked?
This week on The Long-Short, hosts Tom Kehoe and Drew Nicol are joined by Sean McGould, CEO and CIO of Lighthouse Group, for an insightful conversation on the future of multi-manager platforms. Sean unpacks the key differences between multi-manager and multi-strategy, highlighting what the model offers and how Lighthouse fits into the constellation of mega managers.
Sean also gives his perspective on what we can learn from Trump's first administration as Trump 2.0 gets underway regarding how markets may behave in 2025. Plus, hear why he’s optimistic about a resurgence in equity capital markets in 2025.
Disclaimer: Lighthouse Investment Partners, LLC (Lighthouse) and its wholly owned subsidiaries are collectively referred to as the “Lighthouse Group.” Any Lighthouse views presented in this podcast are for educational purposes only. Any information provided is not intended as investment advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation, or sponsorship of any company, security, advisory service or fund. Information is based on the opinions of Lighthouse which is subject to change based on the markets or other conditions. Certain information contained in this podcast constitutes “forward-looking statement” which is inherently uncertain and actual events or results may differ from those projected. Therefore, undue reliance should not be placed on such forward-looking statements and information. Past results are not necessarily indicative of future outcomes. Lighthouse views and statements included in this podcast do not purport to address the financial objectives or specific investment needs of any investor or organization and should not be relied upon for investment decisions.
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116. 116. AIMA's Year in Review 2025
33:25||Ep. 116As 2025 draws to a close, The Long-Short team delivers its annual year in review episode. Host Tom Kehoe unpacks a transformative year marked by seismic geopolitical shifts, the rise of private credit as a defining industry narrative, and landmark legal wins for the industry. Joining him is AIMA CEO Jack Inglis, who reflects on hedge fund performance, a whirlwind year of global advocacy, and what lies ahead for hedge funds and private markets in 2026.
115. 115. An Insider's guide to Abu Dhabi Finance Week
35:25||Ep. 115This week on The Long-Short, Chris Hughes, Editor-in-Chief of Abu Dhabi Finance Week, joins us to preview a record-setting edition of the event, now drawing more than 40,000 attendees and institutions representing over half of global GDP. With more than 70 sessions on the agenda, including the inaugural AIMA Private Credit Summit, we explore how this year’s theme reflects the tightening links between global financial hubs and the growing impact of technologies like AI. Tom and Drew also unpack Abu Dhabi’s rising influence on the world stage and what this accelerating momentum means for alternative investment managers.
114. 114. What does the future hedge fund workforce expect?
46:32||Ep. 114This week on The Long-Short, we sit down with David Cartwright Forbes, Head of Specialist Markets, Gallagher Reward & Benefits Consulting, to talk about an asset manager’s most overlooked competitive edge: people. From attracting top talent to keeping teams motivated in an era of rapid tech change and generational shifts, David shares why a forward-looking people strategy is no longer a “nice to have” but a must. We explore how smaller firms can stand out with culture and purpose, how investors increasingly influence workforce priorities, and why flexibility and autonomy now sit at the heart of every great talent plan.
113. 113. Where could geopolitical shocks hit portfolios next?
58:59||Ep. 113This week on The Long-Short, Tom and Drew are joined by Damien Bruckard, Founder of Geopolitical Strategy, for a trip around the world to map out the economic and political fault lines reshaping global markets, from Trump-era trade shifts and the rise of regional trading blocs to recent record-breaking gold prices and the artificial intelligence capex surge. Damien also charts how India and the Gulf are becoming power players, and signposts where the next geopolitical shock could hit investors' portfolios.
112. 112. Where do funds live and why does it matter?
30:14||Ep. 112In this episode of The Long-Short, Drew Nicol is joined by Elliot Refson, Head of Funds at Jersey Finance to unpack the relationship between managers and their underlying funds, which operate out of different places around the world. Jersey is one fund domicile among several that has become a key hub in the global investment landscape, from its tax-neutral framework and flexible regulation to its reputation for efficiency and stability. They discuss how Brexit reshaped the role of fund domiciles, the rise of private credit and digital assets products. The conversation also looks ahead to what’s next for alternative investments, from greater investor diversification to the growing digitalisation of fund structures, and what this all means for the places these funds call home.
111. 111. Catastrophe bonds - where finance meets the forces of nature
42:20||Ep. 111This week, Tom and Drew dive into one of the most fascinating and fast-evolving areas of alternative investing, insurance-linked securities and catastrophe bonds, where finance meets the forces of nature. Joined by Tim Yip of ILS Advisers and Steve Smith of Maybole Capital, they explore how investors manage disaster risk, earn uncorrelated returns, and build resilience in a changing climate. Tune in as they unpack what lies ahead for this unique asset class as a new hurricane season approaches.
110. 110. Why Japan is back in focus for alternative investments
42:34||Ep. 110Japan is back in focus. The Long-Short welcomes Masaki Taniguchi, Founder and COO of Pleiad Investment Advisors, to explore Japan’s evolving asset management landscape — from 1997 deregulation to today’s double asset income policy — and the opportunities and risks shaping its future as a hub for alternatives.
109. 109. Training the next generation: 10 years of the Point72 Academy
45:24||Ep. 109Ten years ago, Point72 launched a bold initiative to reimagine talent development in the hedge fund world. The result? The Point72 Academy—a programme that’s transformed how buy-side firms find, train, and support future investment professionals.In this episode, Jaimi Goodfriend shares the Academy’s origin story, how it balances theory with hands-on learning, and what makes its approach unique in a landscape dominated by MBAs, CFAs, and traditional bank pipelines.
108. 108. AIMA meets the new SEC Chair
20:35||Ep. 108AIMA CEO Jack Inglis joins us fresh from a series of high-level meetings in Washington, D.C. - including one of the first with newly appointed SEC Chair Paul Atkins. Jack shares insights from these critical conversations with US regulators and policymakers, covering key industry priorities such as private credit, digital assets, and regulatory reform.We also look beyond the US, discussing how AIMA is shaping global policy developments in the UK, Europe, and beyond. A must-listen for anyone tracking the future of alternative investments.