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Alex Shahidi

Managing Partner & Co-CIO, Evoke Advisors · 2 appearances on the record.

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investorfounderexecutiveauthorhostLinkedIn ↗evokeadvisors.com ↗

Alex Shahidi is an investment manager who co-founded ARIS Consulting and co-created the RPAR Risk Parity ETF. He is the author of Balanced Asset Allocation and hosts The Insightful Investor podcast.

10statements → 1claims → 0claims resolved → 3.8/5average certainty → 2/5average debate potential → ≈4.5/5argument clarity, estimated → 2said about them ↓

1 not checkable as stated how the 1 claim stands · each chip opens the sources

1 assertion · 1 opinion · 6 insights · 2 disclosures · every statement was checked. The predictions and assertion are the 1 claim: statements the public record can support or contradict. 0 are resolved, and 1 names no date, number or outcome precise enough to check. Everything else (opinions, insights, what ifs, disclosures) can never be settled by the record, so it carries no assessment.

The record, in short

What the tape says about how Alex argues and how the claims held up. Everything they said, and everything said about them, is in the tabs below.

How they sound: not measured why? →

We measure speaking style by listening to the audio itself, and a fair number needs at least 2,000 words from one person on tape we have measured. There is too little of Alex Shahidi on measured tape to publish a rate. This says nothing about how they speak.

Everything Alex Shahidi said on Capital Allocators that made the record, most notable first. Filter by type, assessment or year in the ledger →

Opinion
Shahidi: Wealth management is dominated by salespeople, not investment professionals
“The big driver, you know, the thing that really pushes us the most is just this observation that most of the industry is populated by salespeople. It's a business where those who can bring in the clients are the kings of the world. And you can do that by being…”
Alex Shahidi Mar 1, 2021 ▶ 16:29 Alex Shahidi and Damien Bisserier – Uncorrelated Return and Balanced Risk at Evoke-ARIS (Capital Allocators, EP.179)
Insight
Shahidi: Asset managers must stay in the sweet spot between too big and too small
“If you're too big, you can't access the best managers. If you're too small, You're not on their radar.”
Alex Shahidi Mar 1, 2021 ▶ 55:46 Alex Shahidi and Damien Bisserier – Uncorrelated Return and Balanced Risk at Evoke-ARIS (Capital Allocators, EP.179)
Insight
Shahidi: A truly diversified portfolio must hold underperforming assets
“By definition, You should own things that are not doing well, because if they're all doing well at the same time, you're probably going to go through a period where they're all doing poorly at the same time.”
Alex Shahidi Jul 8, 2021 ▶ 8:13 Jeremy Grantham – GMO (Manager Meetings, EP.01)
Insight
Shahidi: Climate change will directly impact corporate bottom lines
“Climate change could easily be one of those things and the risks associated with that. So I think we're starting to see asset allocators factor that in to their strategies. It's not just something to do because you feel good about it, but it's something that m…”
Alex Shahidi Jul 8, 2021 ▶ 9:13 Jeremy Grantham – GMO (Manager Meetings, EP.01)
Insight
Shahidi: Minimizing portfolio risk mathematically requires reliably uncorrelated return streams
“And mathematically, the way to do that is to own a bunch of return streams that are different from one another, meaning they go up and down at different times. And the more reliable that differentiation, the better.”
Alex Shahidi Mar 1, 2021 ▶ 8:59 Alex Shahidi and Damien Bisserier – Uncorrelated Return and Balanced Risk at Evoke-ARIS (Capital Allocators, EP.179)
Assertion Not checkable as stated
Shahidi: Investable assets deliver four to five percent above cash long term
“And over time, assets give you four or five percent above cash or something in that ballpark over the long run.”
Alex Shahidi Mar 1, 2021 ▶ 25:00 Alex Shahidi and Damien Bisserier – Uncorrelated Return and Balanced Risk at Evoke-ARIS (Capital Allocators, EP.179)
Disclosure
Shahidi: Only a small fraction of clients allocate 100% to risk parity
“It's a very small percentage. That's all risk parity. Those tend to be the most sophisticated clients. And those are really the only ones we would feel comfortable going that far because they're just asking for it and they want it and they understand it. So we…”
Alex Shahidi Mar 1, 2021 ▶ 33:18 Alex Shahidi and Damien Bisserier – Uncorrelated Return and Balanced Risk at Evoke-ARIS (Capital Allocators, EP.179)
Insight
Shahidi: Research-to-marketing headcount ratio reveals an investment manager's true focus
“A simple measure is how many research people do you have? And how many marketing people do you have? It tells you what business you're in. If you got a hundred marketing people and four on research versus four and a hundred the other way, it tells you what bus…”
Alex Shahidi Mar 1, 2021 ▶ 1:07:01 Alex Shahidi and Damien Bisserier – Uncorrelated Return and Balanced Risk at Evoke-ARIS (Capital Allocators, EP.179)
Disclosure
Shahidi: Evoke-ARIS manages $19 billion, with $13 billion across 70 clients
“So as a firm, we manage about nineteen billion in assets. Damien and I handle about 70 clients or so. That makes up about thirteen billion of those assets.”
Alex Shahidi Mar 1, 2021 ▶ 32:46 Alex Shahidi and Damien Bisserier – Uncorrelated Return and Balanced Risk at Evoke-ARIS (Capital Allocators, EP.179)
Insight
Shahidi: Evoke-ARIS rejects managers who claim to see no downside
“And when we sit in front of a manager who says, we don't really see a downside, we start running the other way because that is not a recipe for long-term success.”
Alex Shahidi Mar 1, 2021 ▶ 50:00 Alex Shahidi and Damien Bisserier – Uncorrelated Return and Balanced Risk at Evoke-ARIS (Capital Allocators, EP.179)

The other half of the tape: Alex Shahidi's own voice is left out of every number here. 2 statements on the record name them. every mention, with the transcript →

Statements about Alex Shahidi, by other people (2)

Opinion
Bisserier: Alex Shahidi was among Bridgewater's most sophisticated institutional clients
“In fact, at Bridgewater, I would say he was one of our most sophisticated investors, including all the sovereign wealth funds and pension plans that we worked with.”
Damien Bisserier Mar 1, 2021 ▶ 11:16 Alex Shahidi and Damien Bisserier – Uncorrelated Return and Balanced Risk at Evoke-ARIS (Capital Allocators, EP.179)
Assertion Not checkable as stated
Bisserier: Ray Dalio sought to hire Alex Shahidi after an initial meeting
“Early on, he was meeting with Ray in our office in Westport, and afterwards, Ray grabbed me in the hallway and said, that guy I was talking to, he's got good common sense, we should hire him, which is about the most positive thing I've ever heard from Ray afte…”
Damien Bisserier Mar 1, 2021 ▶ 12:09 Alex Shahidi and Damien Bisserier – Uncorrelated Return and Balanced Risk at Evoke-ARIS (Capital Allocators, EP.179)

Appearances (2)

EpisodeDateSpeaking time
Jeremy Grantham – GMO (Manager Meetings, EP.01) Jul 8, 2021 9m
Alex Shahidi and Damien Bisserier – Uncorrelated Return and Balanced Risk at Evoke-ARIS (C Mar 1, 2021 21m
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