Will England, Derek Drummond, and Tony Caruso – Disintermediating Pod Shops (EP.501)

Dockside, a joint venture between institutional asset owners and the multi-manager hedge fund Walleye Capital, provides a managed account platform that delivers allocators direct access to portfolio managers. By leveraging Walleye’s existing infrastructure, risk systems, and financing capabilities, the platform enables allocators to achieve superior capital efficiency and transparency compared to traditional commingled hedge funds. This model allows for granular risk control, such as the ability to monitor trade-level activity and implement dynamic hedging, while simultaneously reducing costs by eliminating redundant performance fees. By attracting high-quality talent seeking entrepreneurial independence, the platform dispels the historical stigma of managed accounts. This collaborative approach transforms the allocator-manager relationship, shifting from passive investment to active partnership, ultimately allowing pension funds and endowments to optimize their portfolios with greater precision and lower operational friction.