# WTT: Yale Backs Emerging Managers… and Then What?

An episode of [Capital Allocators – Inside the Institutional Investment Industry](https://invisiblenetwork.ai/podcast/1223764016), 25 Oct 2024, 16 min.

Audio: https://traffic.libsyn.com/secure/tedseides/WTT_-_Yale_Backs_Emerging_Managers_FINAL_V3.mp3?dest-id=482814

The Yale Investments Office will soon select its first round of Prospect Fellowship recipients. I've been thinking about why Yale launched the Fellowship and what might happen as it rolls out. Yale, emerging managers, and other allocators have opportunities and risks arising from the program, including some potential unintended consequences. Read Ted's blog here.

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