A podcast for institutional investing's most consequential conversations
with Angelo Calvello
Consensus thinking is often the enemy of better investment outcomes. Against Consensus brings together asset owners, allocators, asset managers, service providers, and innovators to challenge it — one conversation at a time.
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About the show
For almost a year, The Institutional Edge brought unfiltered conversations with the asset owners shaping the future of institutional investing. After 33 episodes, that conviction is stronger than ever — but the conversation needed to expand.
Against Consensus is built on a simple recognition: institutional investing is an ecosystem. Every principal in that ecosystem — asset owners, asset managers, allocators, service providers, and the innovators pushing them all — has something worth hearing and something worth challenging.
The premise is unchanged. The ambition is larger.
What we believe
Recent episodes
CIO, San Jose Federated Pension
AI governance within a fiduciary framework — and how San Jose Federated is building the infrastructure of an AI-native pension fund without using the letters TPA.
Listen nowHead of GTAA, Verizon
Global tactical asset allocation at a corporate pension — how an internal investment team operates with the discipline of a top-tier external manager.
Listen nowPartner, Foresight Group
Natural capital as an investable asset class — what it means to put a price on nature and why institutional allocators can no longer ignore it.
Listen nowHead of ESG, PensionDanmark
Sustainable infrastructure at scale — how one of Europe's most progressive pension funds is deploying capital in the energy transition.
Listen nowResearch Manager, Stanford Internet Observatory
AI-generated misinformation and alternative data integrity — the threat that most institutional investors haven't begun to price.
Listen nowCIO, OPERS
Running one of America's largest public pension funds — investment strategy, governance, and the obligation of stewardship at scale.
Listen nowThe host
Founder, C/79 Consulting — Columnist, Institutional Investor
Angelo Calvello is a 40-year veteran of institutional investing — a writer, podcast host, governance leader, and one of the field's most persistent critics of received wisdom.
He is the founder of C/79 Consulting, a columnist for Institutional Investor ("The Dissident"), and the creator of Against Consensus. He co-founded Rosetta Analytics and has held senior roles at Man Investments, State Street Global Advisors, and CME Group.
Connect
Angelo Calvello
Follow Angelo's writing, commentary, and podcast announcements on LinkedIn — where he regularly publishes on AI, institutional investing, and the ideas the field isn't ready to hear yet.
Connect on LinkedInInstitutional Investor
The Dissident Column
Angelo's column at Institutional Investor challenges the orthodoxies of the investment profession — in print, with the same candor as on the podcast.
Read the ColumnGet involved
Against Consensus is built on the premise that the right voices change the field. If you belong in this conversation — or represent an organization that wants to reach the most sophisticated audience in institutional investing — reach out.
Guest Inquiry
Asset owners, allocators, managers, service providers, and innovators genuinely pushing the field forward.
Sponsorship
Reach the most consequential decision-makers in institutional investing. Let's discuss what that looks like.
General
Ideas, feedback, introductions, and everything else.
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