Arjun Raghavan
The Architect
Structured and legacy-driven; builds the systems and institutions that last.
Arjun Raghavan emerges in this interview as a methodical systems builder whose leadership is defined by structural thinking applied to portfolio construction and organizational design. He articulates a clear evolution from endowment model 1.0 to a two-engine framework, separating market beta from genuine alpha generation, and insists on decomposing risk into underlying factor exposures rather than asset class labels.
“The base speed is in effect how much risk you want to take in the portfolio. You want to make sure you're diversified across different flavors of market exposure because they will help you in different market environments.”
explaining the two-engine portfolio frameworkundated
“If you calibrate the risk appetite wrong, you could quite easily see a situation where the portfolio is down 15 and that just breaches the risk tolerance of a particular client and you get stopped out, and therefore you can't reach your destination on time.”
on risk budgeting and staying investedundated
“I should be able to transplant anyone from any office to another office and they will fit in and work seamlessly from day one. We don't try and build geographic separation.”
on managing a multi-office global firmundated
Money Maze Podcast: “The $40 Billion Outsourced Investment Office - With Arjun Raghavan, CEO of Partners Capital”
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