{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"The Agentic Allocator","title":"Ashby Monk on Governance as a Steering Wheel and the AI On Ramp for Asset Owners","html":"","width":"100%","height":180,"duration":1826,"description":"Dr. Ashby Monk, Executive and Research Director of the Stanford Research Initiative on Long Term Investing, joins The Agentic Allocator to explain why AI has become an existential question for pension funds and sovereign funds, and what a credible answer to the Board looks like.\nAshby has spent over two decades studying and advising the world’s largest asset owners on governance, organisational design, technology, and investment strategy. He is also Managing Partner of KDX, a venture capital firm backing founders building technology for institutional investors, which gives him a unique vantage point across the ecosystem. \nHis starting position is that the core LP problem predates AI entirely: portfolio complexity has far outstripped the organisational capability to manage it. Institutions designed around 60/40 are now past 50 percent in alternatives, without the technology, process, or governance to handle that opacity. AI is the first thing Ashby has seen motivate asset owners to confront this challenge.\nThe conversation covers his on ramp for allocators, why investment decisions belong at the end of that sequence rather than the beginning, why handing a new tool to the person whose job it does will fail 99 times out of 100, and how the implementation gear of the industry could shift over the next ten years. \nWhat You’ll Learn:\n\nWhy the fundamental LP pain point predates AI: portfolio complexity has outrun the capability to manage it\nWhy AI is an existential question for pension funds rather than a market crisis, and what boards are now demanding from CEOs and CIOs\nWhy wave one AI adoption is individual productivity, and why the real value sits in mobilising the organisation’s collective knowledge\nAshby’s four step on ramp for allocators, and why the investment decision is the expert level that comes last\nWhat generalist venture capitalists misunderstand about LPs, and why they see them as a source of funds rather than a user of technology\nWhy an industry...","thumbnail_url":"https://img.transistorcdn.com/QigjduDJIqFTeeJFynBiyzGolv4eHG5zocOf8vY173o/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9hZGY5/NTNkMjIzZGE0NWFj/YWEzYzY0ODU1ZTYx/NzE2Zi5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}