StarZero All shows Try the podcast clipper →

Sulaiman Alderbas

10 statements across 1 episodes · 2 bullish · 1 bearish · 1 people on the record · first statement May 10, 2021 by Sulaiman Alderbas · across every show →

On the record as a speaker too: Sulaiman Alderbas's record, appearances and statements → this page counts the times other people say the name.

Everything said about Sulaiman Alderbas, oldest first

May 10, 2021 neutral
Disclosure
Alderbas: Inherited PIFSS alternatives book held 80 items sized 0.5% to 13%
“So the first thing that happened was when I took over the book, I was given a book of 80 line items. The biggest position was a 13% position and the smallest was 50 basis points.”
Sulaiman Alderbas May 10, 2021 ▶ 16:51 Innovation in Private Markets 3: Sulaiman Alderbas – A Massive Restart at PIFSS (Capital Allocators, EP.194)
May 10, 2021 neutral
Assertion Not checkable as stated
Alderbas: Kuwait Fund had roughly 900 line items with ~50% overlap
“So when we first started, we had roughly 900 individual line items. Overlap there was probably 50%.”
Sulaiman Alderbas May 10, 2021 ▶ 8:43 Innovation in Private Markets 3: Sulaiman Alderbas – A Massive Restart at PIFSS (Capital Allocators, EP.194)
May 10, 2021 negative
Assertion Not checkable as stated
Alderbas: PIFSS portfolio had only one recognizable line item out of 80
“I look at the book and out of 80 line items that they showed me, I only knew one.”
Sulaiman Alderbas May 10, 2021 ▶ 12:43 Innovation in Private Markets 3: Sulaiman Alderbas – A Massive Restart at PIFSS (Capital Allocators, EP.194)
May 10, 2021 neutral
Assertion Supported
Alderbas: PIFSS managed $100B and held 40% in cash upon his arrival
“A hundred billion. And they were sitting at 40% cash.”
Sulaiman Alderbas May 10, 2021 ▶ 13:56 Innovation in Private Markets 3: Sulaiman Alderbas – A Massive Restart at PIFSS (Capital Allocators, EP.194)
May 10, 2021
Disclosure
Alderbas: PIFSS caps portfolio sleeves at 30 holdings to limit fees
“We don't want to be over-diversified, because then it's going to be costly, and we're going to be blaming the high fees and everything around it. So we said, the max we're going to have in any one bucket or portfolio is 30, right?”
Sulaiman Alderbas May 10, 2021 ▶ 25:29 Innovation in Private Markets 3: Sulaiman Alderbas – A Massive Restart at PIFSS (Capital Allocators, EP.194)
May 10, 2021 neutral
Assertion Not checkable as stated
Alderbas: Kuwait Fund held 30 fund-of-funds simultaneously
“We had at any point in time, 30 funder funds.”
Sulaiman Alderbas May 10, 2021 ▶ 5:55 Innovation in Private Markets 3: Sulaiman Alderbas – A Massive Restart at PIFSS (Capital Allocators, EP.194)
May 10, 2021 neutral
Disclosure
Alderbas: PIFSS completes internal reviews before consulting partners' research
“So any manager has a direct allocation, even if it's the biggest in the world, has to go through a defined process, review process, and that review process means reaching out those fund of fund partners, looking at their research, Papers, but only after we're …”
Sulaiman Alderbas May 10, 2021 ▶ 10:34 Innovation in Private Markets 3: Sulaiman Alderbas – A Massive Restart at PIFSS (Capital Allocators, EP.194)
May 10, 2021 positive
Disclosure
Alderbas: PIFSS replaced commingled fund-of-funds with bespoke SMAs
“The first thing I did here at PIFS was instead of going with Commonwealth Fund of Funds, we went with SMAs and SMAs with leading alternative asset managers that firstly act as extensions to my team and my book and whatever we can do Directly, because of the gu…”
Sulaiman Alderbas May 10, 2021 ▶ 10:09 Innovation in Private Markets 3: Sulaiman Alderbas – A Massive Restart at PIFSS (Capital Allocators, EP.194)
May 10, 2021 neutral
Disclosure
Alderbas: PIFSS redeemed 60% of legacy alternatives portfolio after audit
“We redeemed 60% of the book.”
Sulaiman Alderbas May 10, 2021 ▶ 20:58 Innovation in Private Markets 3: Sulaiman Alderbas – A Massive Restart at PIFSS (Capital Allocators, EP.194)
May 10, 2021 bullish
Disclosure
Alderbas plans to increase PIFSS's Asia allocation from 3% to 15-20%
“And for me, I want Asia to be 15 to 20% of my book over the next five years, coming out of a three percent position today.”
Sulaiman Alderbas May 10, 2021 ▶ 44:19 Innovation in Private Markets 3: Sulaiman Alderbas – A Massive Restart at PIFSS (Capital Allocators, EP.194)
Made with StarZero

Turn any episode into a week of clips.

This entire site, over 700 episodes transcribed, diarized, checked and made playable, runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the moments worth sharing, cuts them, captions them, and reframes them for every feed.

Try the podcast clipper Learn more