I thought this interview with Dan McMurtrie was excellent. Dan is an emerging manager hedge fund manager who is thoughtful on a wide variety of topics. The interview touches on many interesting topics around the "meta-game" of investing, but has a long discussion of emerging manager dynamics as well, so I think it fits well on this site. Dan has been vocal in making sure that the colossal challenges many emerging managers face are discussed out in the open, which I appreciate. Thank you to Value Hive podcast and Brandon Beylo for having him on.
The emerging manager topic comes up just after the 2 hour mark in the audio version, and on page 37 of the transcript.