Jul 3, 2023
Porter Collins and Vincent Daniel are the founders of Seawolf
Capital, their family office managed as an old school hedge fund.
Previously, they were two of the three members of Steve Eisman’s
team at Frontpoint Capital and found themselves in print and on the
silver screen as protagonists in Michael Lewis’ The Big Short.
Regulations prevent us from disclosing investment returns almost
all the time on the show, but Porter and Vinnie manage only their
own money today and are an exception to that rule. In the three
full years since they started managing their own capital, the pair
is up an extraordinary 9x, coming off a 169% return in 2022.
Our conversation covers Porter and Vinnie’s background, the Big Short trade, launch of Seawolf 1.0, short stint at Citadel, and lessons learned along the way and put to work at Seawolf 2.0, their family office. We discuss their contrarian value investment approach, transition from financial sector specialists to generalists, investment themes, and the banking system. We close with their perspective on the hedge fund industry and the future of Seawolf.
For full show notes, visit the episode webpage here.
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