Jul 13, 2020
Adam Fisher is the CIO of Commonwealth Asset Management, which
he founded as Commonwealth Opportunity Capital in 2008 and
re-launched in 2019 after a two-year interlude Soros Fund
Management. Commonwealth manages both a global macro hedge fund and
private real estate assets with a thematic bent. In getting there,
Adam traded his bar mitzvah money, attended law school, and started
real estate investment companies in the U.S. and Asia.
Our conversation covers Adam’s self-taught trading, early stumbles in private equity, and a one-off encounter with Richard Rainwater that led to his creating his first business. From there, we touch on thematic real estate investing, hedging his investments leading into the financial crisis, and pivoting back to trading alongside real estate investing thereafter. We discuss the challenges of traditional global macro businesses, the benefits of investing in one-off big ideas, the synergies across real estate and macro investing, interest rates, and Adam’s outlook on the markets and industry.
Read the Transcript
Subscribe to the Capital Allocators Blog or Monthly Mailing List
Don't Subscribe, but Let Us Know Who You Are
Write a review on iTunes
Follow Ted on twitter at @tseides
Review past episodes of the Podcast