49 min listen
Adam Rodman – The Case for Nuclear (Climate Solutions EP.4, Capital Allocators EP.304)
FromCapital Allocators – Inside the Institutional Investment Industry
Adam Rodman – The Case for Nuclear (Climate Solutions EP.4, Capital Allocators EP.304)
FromCapital Allocators – Inside the Institutional Investment Industry
ratings:
Length:
45 minutes
Released:
Mar 27, 2023
Format:
Podcast episode
Description
Adam Rodman is the Founder and Chief Investment Officer of Segra Capital Management, the largest fund dedicated to investing in nuclear power across public and private markets. Adam founded Segra in 2013 to focus on a concentrated portfolio of contrarian, underfollowed investment ideas. In turn, this led to a dedicated focus on nuclear power. Both Tom Steyer and Bill Orum discussed nuclear power as an essential, although very long-term component of addressing climate needs. Adam’s insights provide an understanding of the thesis as well as nuances in capitalizing on it. Our conversation covers Adam’s early career, path to Segra, and shift in focus to nuclear. We discuss the fundamental case and market inefficiencies in the industry, supply and demand, the nuclear fuel cycle, safety and waste, and risks to thesis. Show Notes: (3:57) Background (5:25) Appeal of contrarian thinking (7:25) An edge in research (9:56) Focus on nuclear power (11:45) The case for nuclear (14:21) Nuclear power and energy transition (16:03) Opportunities in the nuclear value chain (17:09) ESG concerns in mining (18:37) Nuclear conversion and enrichment (22:36) Investing in public and private markets (26:09) Safety and reliability of nuclear (27:39) Understanding nuclear waste (31:35) Bringing capital to nuclear (33:19) An investment strategy for nuclear (35:00) Assessing company management (36:38) Counterpoints to the nuclear thesis (39:28) Closing questions Learn More Follow Ted on Twitter at @tseides or LinkedIn Subscribe to the mailing list Access Transcript with Premium Membership
Released:
Mar 27, 2023
Format:
Podcast episode
Titles in the series (100)
André Perold – Academic Practitioner (Capital Allocators, EP.02): My guest on today’s show is André Perold. For those who know André, he needs no introduction. André is the Chief Investment Officer and Co-Managing Partner at HighVista Strategies by Capital Allocators – Inside the Institutional Investment Industry