Chris Hentemann, Founder and CIO, 400 Capital Management

Podcast: Alpha Exchange · Dean Curnutt

Opublikowano: 2026-10-09

Chris Hentemann launched 400 Capital Management in October of 2008, in the teeth of the Global Financial Crisis, with roughly $2.5 million of friends, family and mostly his own capital. Today, 400 Capital manages approximately $8 billion, focused on asset-based and securitized credit. We begin with Chris’s early career at First Boston, Salomon Brothers and Bank of America, where he developed expertise across mortgages and structured products. Chris reflects on the extraordinary expansion of bank balance sheets leading into the GFC and why the combination of leverage, insufficient risk capital and misaligned incentives ultimately proved unsustainable. Th...