Bill Spitz – Seasoned Commodore (Capital Allocators, EP.37)

<p>Bill Spitz was the longtime head of Vanderbilt University’s endowment before retiring, for the first time, in 2007. He has received numerous lifetime achievement awards for his work and is one of the legends in the business.  After failing in his retirement, he joined Diversified Trust Company, a wealth manager with $6.5 billion in assets under management that he co-founded back in 1994.</p> <p>Our conversation discusses managing an endowment in the early years, implementing unconventional investments, creating an edge as an allocator, selecting managers and conducting due diligence, exiting managers, challenging current landscape, and working with families.</p> <div class="" style= "color: #000000; font-style: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;"> <p><span style="font-size: 12pt;">For more episodes, go to <a href= "../../../content/capitalallocatorspodcast.com/podcast" target= "_blank" rel= "noopener">capitalallocatorspodcast.com/podcast</a></span></p> <p><span style="font-size: 12pt;">Follow Ted on twitter at</span> <a href="https://twitter.com/tseides" target="_blank" rel= "noopener"><span style="font-size: 12pt;">@tseides</span></a></p> <p><strong>Show Notes</strong></p> <p>1:21 - (INTERVIEW STARTS)</p> <p>1:30 – Early days at Vanderbilt and the landscape for university investment offices</p> <p>3:17 – Career before working at Vanderbilt</p> <p>3:59 – Transition from Wall Street to going back to his alma mater</p> <p>4:48 – <a href= "https://www.amazon.com/Pioneering-Portfolio-Management-Unconventional-Institutional/dp/1416544690/ref=asap_bc?ie=UTF8"> Pioneering Portfolio Management: An Unconventional Approach to Institutional Investment</a></p> <p>5:23 – Out of the box ideas when he first got start