May 11, 2026
Today’s show discusses an innovative joint venture between asset owners and a multi-manager hedge fund that seeks to deliver smooth, equity-like returns at a lower cost than available in the marketplace.
My guests are Will England, Derek Drummond, and Tony Caruso.
Will is the CEO and CIO of $12
billion multi-strategy hedge fund Walleye
Capital. Derek is head of external public
markets investing at the State of Wisconsin Investment Board, and
Tony Caruso is Managing Director of hedge funds at
UTIMCO. Together, they co-founded Dockside Platforms, a
managed account platform that gives institutional allocators direct
access to portfolio managers using the infrastructure,
risk systems, and financing capabilities of a
multi-strat underneath.
Our conversation traces Dockside’s evolution from a barstool
brainstorm to a platform with more than 60 managers and
billions in assets. We discuss the
accessibility of talent through managed accounts, differentiated
manager sourcing, due diligence with trade-level transparency,
capital efficiency across portfolios, hedging, risk management, and
onboarding and exiting managers on the platform. All told, the
combined heft of large asset owner capital and the sophisticated
infrastructure of a multi-manager hedge fund have created a
win-win for everyone involved.
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