The Institutional Edge: Real allocators. Real alpha.
Angelo Calvello
14 episodes
1 day ago
Welcome to The Institutional Edge: Real allocators. Real alpha! Dr. Angelo Calvello hosts this exciting new podcast partnership with Pensions & Investments, designed to cut through the noise in institutional investing. Unlike other investment podcasts filled with vendor pitches and rambling biographical stories, this series delivers focused 30-minute episodes featuring real asset owners who actually deploy capital.
Get ready for authentic insights that challenge conventional thinking and help you make smarter investment decisions.
About the Host:
Dr. Angelo Calvello is a serial innovator and co-founder of multiple investment firms, including Rosetta Analytics and Blue Diamond Asset Management. He leverages his extensive professional network and reputation for authentic thought leadership to curate conversations with genuinely innovative allocators.
As the "Dissident" columnist for Institutional Investor and former "Doctor Is In" columnist for Chief Investment Officer (winner of the 2016 Jesse H. Neal Award), Calvello has become a leading voice challenging conventional investment wisdom.
Beyond his professional pursuits, Calvello serves as Chairman of the Maryland State Retirement and Pension System's Climate Advisory Panel, Chairman of the Board of Outreach with Lacrosse and Schools (OWLS Lacrosse), a nonprofit organization creating opportunities for at-risk youths in Chicago, and trustee for a Chicago-area police pension fund. His career-long focus on leveraging innovation to deliver superior client outcomes makes him the ideal host for cutting-edge institutional investing conversations.
All content for The Institutional Edge: Real allocators. Real alpha. is the property of Angelo Calvello and is served directly from their servers
with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
Welcome to The Institutional Edge: Real allocators. Real alpha! Dr. Angelo Calvello hosts this exciting new podcast partnership with Pensions & Investments, designed to cut through the noise in institutional investing. Unlike other investment podcasts filled with vendor pitches and rambling biographical stories, this series delivers focused 30-minute episodes featuring real asset owners who actually deploy capital.
Get ready for authentic insights that challenge conventional thinking and help you make smarter investment decisions.
About the Host:
Dr. Angelo Calvello is a serial innovator and co-founder of multiple investment firms, including Rosetta Analytics and Blue Diamond Asset Management. He leverages his extensive professional network and reputation for authentic thought leadership to curate conversations with genuinely innovative allocators.
As the "Dissident" columnist for Institutional Investor and former "Doctor Is In" columnist for Chief Investment Officer (winner of the 2016 Jesse H. Neal Award), Calvello has become a leading voice challenging conventional investment wisdom.
Beyond his professional pursuits, Calvello serves as Chairman of the Maryland State Retirement and Pension System's Climate Advisory Panel, Chairman of the Board of Outreach with Lacrosse and Schools (OWLS Lacrosse), a nonprofit organization creating opportunities for at-risk youths in Chicago, and trustee for a Chicago-area police pension fund. His career-long focus on leveraging innovation to deliver superior client outcomes makes him the ideal host for cutting-edge institutional investing conversations.
Private Equity in 401(k)s: Democratizing Returns or Democratizing Risk?
The Institutional Edge: Real allocators. Real alpha.
38 minutes 28 seconds
3 weeks ago
Private Equity in 401(k)s: Democratizing Returns or Democratizing Risk?
Can "onerous disclosure" actually protect 401(k) participants from alternative investment losses?In Episode 4 of the Private Markets Series, Angelo Calvello, host of Institutional Edge, interviews Gerald Alain Chen-Young, Chief Investment Officer of the National Public Pension Funds Association and Principal at GCY Associates LLC. They examine President Trump's August 2025 executive order expanding 401(k) access to alternative assets including private equity, venture capital, hedge funds, private credit, real estate, and digital currencies. Gerald identifies five critical risks: complete capital loss, extended illiquidity, zero government protection, complex valuations, and layered fees. He discusses both benefits and challenges, emphasizing that plan sponsors must provide clear risk disclosure and robust participant education to meet fiduciary standards.Gerald Alain Chen-Young serves as Chief Investment Officer of the National Public Pension Funds Association and Principal of GCY Associates LLC, an independent global institutional advisory firm. Previously, he was VP and Chief Investment Officer at UNCF (2002-2016), managing three portfolios totaling approximately $1 billion at their peak. Gerald holds postgraduate degrees in Economics from the London School of Economics and York University, and in Law from the University of Miami and Washington College of Law. He won Institutional Investor's "Investor Intelligence Awards, Thought Leadership" (2016) and was twice nominated to the ai-CIO Power 100 CIOs global list.
In This Episode: (00:00) Bitcoin volatility and pension implications
(02:19) Introduction – Gerald Alain Chen-Young and democratization overview
(03:39) Principles of democratization and retail investor suitability concerns
(09:48) Threshold requirements and onerous disclosure standards needed
(14:12) Five major risks for DC participants investing alternatives
(19:12) Regulatory complexity and crypto classification challenges ahead
(27:36) Operational readiness and record keeper accountability questions
(35:17) Worst investment pitches and closing thoughts
Like, subscribe, and share this episode with someone who might be interested!
Dr. Angelo Calvello is a serial innovator and co-founder of multiple investment firms, including Rosetta Analytics and Blue Diamond Asset Management. He leverages his extensive professional network and reputation for authentic thought leadership to curate conversations with genuinely innovative allocators.
As the "Dissident" columnist for Institutional Investor and former "Doctor Is In" columnist for Chief Investment Officer (winner of the 2016 Jesse H. Neal Award), Calvello has become a leading voice challenging conventional investment wisdom.
Beyond his professional pursuits, Calvello serves as Chairman of the Maryland State Retirement and Pension System's Climate Advisory Panel, Chairman of the Board of Outreach with Lacrosse an...
The Institutional Edge: Real allocators. Real alpha.
Welcome to The Institutional Edge: Real allocators. Real alpha! Dr. Angelo Calvello hosts this exciting new podcast partnership with Pensions & Investments, designed to cut through the noise in institutional investing. Unlike other investment podcasts filled with vendor pitches and rambling biographical stories, this series delivers focused 30-minute episodes featuring real asset owners who actually deploy capital.
Get ready for authentic insights that challenge conventional thinking and help you make smarter investment decisions.
About the Host:
Dr. Angelo Calvello is a serial innovator and co-founder of multiple investment firms, including Rosetta Analytics and Blue Diamond Asset Management. He leverages his extensive professional network and reputation for authentic thought leadership to curate conversations with genuinely innovative allocators.
As the "Dissident" columnist for Institutional Investor and former "Doctor Is In" columnist for Chief Investment Officer (winner of the 2016 Jesse H. Neal Award), Calvello has become a leading voice challenging conventional investment wisdom.
Beyond his professional pursuits, Calvello serves as Chairman of the Maryland State Retirement and Pension System's Climate Advisory Panel, Chairman of the Board of Outreach with Lacrosse and Schools (OWLS Lacrosse), a nonprofit organization creating opportunities for at-risk youths in Chicago, and trustee for a Chicago-area police pension fund. His career-long focus on leveraging innovation to deliver superior client outcomes makes him the ideal host for cutting-edge institutional investing conversations.
