FEG Insight Bridge

In this episode of the FEG Insight Bridge Podcast, Greg Dowling sits down with Cheryl Brandon and Kamal Toor, the founders and managing partners of Kinterra Capital. They discuss the transformative impact of AI on the mining industry and the critical role of essential minerals like copper, nickel, magnetite, and manganese in today's and tomorrow's economy. Cheryl and Kamal share their insights on using private equity strategies to access development stage projects, the importance of “friendshoring” to secure critical supply chains, and their commitment to strong environmental practices. Throughout the episode, they offer valuable perspectives on navigating geopolitical factors, mitigating risks, and the essential yet sometimes underappreciated role of specific minerals in the ongoing expansion of clean energy.You can find every episode of FEG Insight Bridge podcasts in one place and sign up to receive our other publications here.

In this episode of the FEG Insight Bridge Podcast, Greg Dowling sits down with Jack O'Callahan, a member of the legendary 1980 "Miracle on Ice" U.S. Olympic hockey team. Jack shares his incredible journey from playing street hockey in Boston to becoming part of perhaps the greatest upsets in sports history. He recounts the intense preparation and team dynamics that led to the victory over the Soviet Union, an event famously dramatized in the Disney movie "Miracle". Jack also discusses his transition from the Olympics to the NHL and his eventual move into the investment business. Throughout the episode, Jack offers valuable insights on leadership, teamwork, and the importance of integrity, both on and off the ice.You can find every episode of FEG Insight Bridge podcasts in one place and sign up to receive our other publications here.

In this episode of the FEG Insight Bridge Podcast, Greg Dowling sits down with Ali Akay, Founder and CIO of Carrhae Capital and experienced emerging markets investor. Ali shares his journey from central bank consultant to founder of a successful investment firm, embodying his personal mantra, "Struggling, I emerge." His perspective on macroeconomic factors, political and currency risks, and the benefits of country and currency diversification provide a roadmap for navigating the complexities and considerable opportunities inherent in these markets.You can find every episode of FEG Insight Bridge podcasts in one place and sign up to receive our other publications here.

In March's episode of the FEG Insight Bridge Podcast, Greg Dowling talks to Jason Fowler about what it takes to develop the mindset of a winner. From his devastating motocross injury as a teenager to his path to overcoming obstacles, to his success as an adaptive sports champion, coach and mentor, Jason's search for his “true north” can help and inspire all of us. Jason believes that a combination of factors is common to all successful initiatives with: the need for physical health, clear vision, the ability to adapt thought processes to life's inevitable ruts, and an accountability coach.You can find every episode of FEG Insight Bridge podcasts in one place and sign up to receive our other publications here.

In the February episode of the FEG Insight Bridge Podcast, Malabar Investments Advisors Sumeet Nagar and Akshay Mansukhani join FEG CIO Greg Dowling in an in-depth discussion. This month they analyze the differentiating quality of the Indian market versus other emerging markets and the importance - and benefit - of a comprehensive understanding of market liquidity. A history of entrepreneurial spirit, low-cost structure and an attractive mix of domestic and offshore capital have combined to make Indian private markets worthy of attention.Tune in for this in-depth discussion of the opportunities and risks within India's evolving and growing private markets.You can find every episode of FEG Insight Bridge podcasts in one place and sign up to receive our other publications here.

Discover a fresh perspective: Ben Inker of GMO examines market trends and potential investment strategies for 2025.On this episode of the FEG Insight Bridge Podcast, we are joined by Ben Inker, Co-Head of Asset Allocation and Portfolio Manager at GMO, in a conversation exploring market trends and investment strategies for 2025. Ben and FEG CIO Greg Dowling discuss the impact of market concentration, the role of quality and value in portfolios, and the effects of passive investing. Ben provides insights into the performance of U.S. large cap growth stocks, the state of Japanese small caps, and the potential importance of diversification in uncertain times. Ben also shares his career journey at GMO, highlighting lessons learned from industry leaders like Jeremy Grantham and David Swenson.Tune in for key insights on market concentration and the evolving dynamics of today's investment landscape.You can find every episode of FEG Insight Bridge podcasts in one place and sign up to receive our other publications here.

On this episode of the FEG Insight Bridge Podcast, CIO Greg Dowling welcomes Max Belmont, Portfolio Manager and Senior Research Analyst at First Eagle Investments. Max discusses the growing interest in gold amid global economic uncertainties, exploring its role as a potential hedge against inflation and currency devaluation. The discussion also covers the dynamics of gold mining investments, the impact of central bank policies, and the comparison between gold and digital assets like Bitcoin.Tune in for key insights on the enduring allure of gold and exploration of its strategic importance in today's investment landscape.Key TakeawaysGold is prized as a potential safe haven due to its stability and limited supply. Unlike other commodities, gold does not corrode or degrade, maintaining its value over long periods. This makes it a potential hedge against economic instability and currency devaluation.The historical context of gold, including its role during periods of hyperinflation and economic turmoil, has influenced its perception as a stable investment. Central banks have shifted from being net sellers to net buyers of gold, especially after the 2008 financial crisis and recent geopolitical tensions, such as the Russia-Ukraine conflict.While both gold and cryptocurrencies like Bitcoin are seen as alternatives to traditional financial assets, they behave differently. Gold is a "risk-off" asset, providing stability during market downturns, whereas Bitcoin is more volatile and behaves like a "risk-on" asset, similar to growth stocks.First Eagle's approach to investing in gold includes holding physical gold and investing in gold mining companies. The investment strategy focuses on valuation, resilience, duration, and optionality to ensure a margin of safety and long-term value.You can find every episode of FEG Insight Bridge podcasts in one place and sign up to receive our other publications here.

On this episode of the FEG Insight Bridge Podcast, CIO Greg Dowling welcomes Howard Smith, Partner at Indus Capital Partners and Portfolio Manager for the Indus Japan Strategies. Howard shares his extensive experience investing in Japan, discussing the country's economic resurgence, corporate reforms, and strategic positioning as an alternative to China. The conversation covers Japan's role in high-tech industries like semiconductors and robotics, the impact of Abe's three arrows policy, and the evolving landscape of corporate governance and M&A in Japan. They also delve into the yen carry trade unwind and its global implications, as well as the potential takeover of Seven & I Holdings by Canadian company Couche-Tard.Tune in for key insights on Japan's economic transformation and investment potential.Key Takeaways:Japan is experiencing renewed interest from investors after decades of stagnation. This resurgence is driven by corporate reforms, a strong manufacturing base, and Japan's strategic positioning as an alternative to China.Japan offers significant opportunities in high-tech industries such as semiconductors and robotics. The country benefits from lower valuations compared to Western markets and plays a crucial role in the global tech supply chain.Japan's corporate governance has improved, with increased board independence and better capital allocation. The potential takeover of Seven & I Holdings by Couche Tard highlights Japan's evolving openness to foreign investment and corporate control.The yen carry trade unwind caused significant market volatility. Additionally, Japan's high public debt levels are sustainable due to low interest rates and the majority of debt being held by the central bank. However, the terms of trade and reliance on energy imports pose ongoing risks.You can find every episode of FEG Insight Bridge podcasts in one place and sign up to receive our other publications here.

On this episode of the FEG Insight Bridge Podcast, CIO Greg Dowling welcomes Oliver Moses, Managing Partner of WindRose Health Investors. Moses shares his journey into healthcare investing and the evolution of private equity's role in the sector. The two discuss the rapid growth of healthcare, post-COVID challenges like labor shortages, and how technology, including AI, is driving efficiency. Moses also addresses criticisms of private equity in healthcare and highlights WindRose's investments, including a case study on AI nurse assistant Eleanor. The episode wraps up with a look at Moses' personal mission to use investment strategy to improve and provide free healthcare access for 30,000 children annually in Liberia through Haven Care.Tune in for key insights on healthcare's future and private equity's role in shaping it.Key TakeawaysHealthcare is a rapidly growing sector facing significant challenges such as reimbursement risks, labor shortages, and rising costs.AI has the potential to significantly improve efficiency and reduce costs in healthcare, as demonstrated by applications like AI-driven revenue cycle management and a large language model nurse, named Eleanor.Post-COVID, healthcare companies face significant labor shortages and cost challenges, highlighting the need for innovative solutions to improve efficiency and manage expenses.You can find every episode of FEG Insight Bridge podcasts in one place and sign up to receive our other publications here.

On this episode of the FEG Insight Bridge Podcast, CIO Greg Dowling welcomes Dan Ivascyn, CIO of PIMCO, as he reflects on his 26-year career at PIMCO, from trading structured products to leading their portfolio management. Dan discusses the firm's evolution, the shift from traditional to alternative fixed income strategies, and the current appeal of high-quality bonds. Hear insights on PIMCO's secular forums, Federal Reserve policies, and the potential impact of political scenarios like a Harris vs. Trump presidency. The episode also covers global volatility, debt levels, and emerging market debt opportunities. Don't miss this conversation as we go inside the curve. Key TakeawaysDan Ivascyn details how PIMCO has evolved from a focus on traditional fixed income to incorporating alternative strategies, adapting to the complexities of global markets over the past 26 years.This episode explores the significant shift in the fixed income industry from high interest rates to a current environment of higher nominal yields, including a return to traditional fixed income opportunities and the comparative value of private credit.Dan Ivascyn shares his views on the Federal Reserve's performance and expectations regarding future rate cuts, the impact of political factors on investing, and the broader implications of global economic volatility and national debt levels.You can find every episode of FEG Insight Bridge podcasts in one place and sign up to receive our other publications here.

On this episode of the FEG Insight Bridge Podcast, CIO Greg Dowling welcomes Gary Sernovitz as they delve into Gary's dual careers as author and Managing Director at Lime Rock. Gary shares insights into his latest book, The Counting House, and its relevance to institutional investors. Approaching investment from an innovative, semi-fictional perspective, he reveals his inspiration and the role his wife played in encouraging this unique approach to investment storytelling.As Gary shares his integration of humor and truth in fiction, the conversation unpacks the performance pressures faced by CIOs, and the blend of real and fictional elements in character development. Gary discusses FEG's connection to the fictional firm of Busken Capital and satirizes generic private equity firms. He describes the four types of limited partners (LPs), his writing process, and real-life experiences of bizarre general partners (GPs) and limited partner (LPs) meetings. As the conversation comes to a close, Gary provides a sneak peek into alternative endings for the book, shares with listeners his favorite books, and provides recommendations for listeners interested in new reading material. For more information on The Counting House, visit: The Counting House — Gary Sernovitz To purchase The Counting House, visit: Octavia Books Key TakeawaysThe discussion emphasizes the significant impact of relative performance and league tables on the psyche and career of institutional investors. The public nature of endowment performance and the comparisons with peers creates a competitive environment, adding another layer of pressure for CIOs and their teams.This episode highlights a chapter from the book that humorously dissects the clichés in private equity pitch decks, including exaggerated competitor maps and funnels, while providing a comedic yet realistic portrayal of the repetitive nature of pitch presentations.As the discussion continues, it includes an insightful categorization of limited partners (LPs) into four types (grillers, testers, statues, and fans), emphasizing the varied approaches and attitudes limited partners (LPs) have during meetings. Ranging from aggressive questioning to silent observation, these responses highlight the unpredictable nature of investment pitches.You can find every episode of FEG Insight Bridge podcasts in one place and sign up to receive our other publications here.

Join FEG CIO Greg Dowling and Scott Harlan, Managing Partner and Founder of Rockland Capital, as they discuss the power industry's critical role in supporting the digital and AI-driven economy. From meter reader to private equity principal, Scott shares his journey and insights on energy challenges, the need for a balanced energy mix, and the shift to private sector investments.Scott addresses the power needs of AI-driven data centers, battery technology, and the importance of gas-fired plants. He explores the impact of politics on energy policy and highlights Rockland Capital's strategy in developing and improving energy projects.Tune in for insights on navigating the evolving power industry and the role of private equity in driving the energy transition.Key TakeawaysHarlan highlights the necessity of balancing the energy mix, including traditional and renewable energy sources with battery storage. While more new power generation needs to be built, another huge component is extending the life of existing plants.The shift from regulated utilities to the private sector is explored, with Harlan explaining how the private sector's desire for better efficiency and risk management drives investment.Harlan delves into the power requirements of data centers, especially those driven by AI, and the challenges of connecting these facilities to the grid, proposing ideal power solutions to ensure reliability and meet ESG goals.You can find every episode of FEG Insight Bridge podcasts in one place and sign up to receive our other publications here.

Join FEG CIO Greg Dowling and Richard Bruce, founder of Trinity Street Asset Management, as they explore the untapped potential of European markets. Discover why European equities are often overlooked compared to their U.S. counterparts, and explore diverse, undervalued sectors like tech giants ASML and ARM. Bruce discusses the impact of the "Magnificent Seven" in the U.S., the differences in regulatory environments between the U.S. and Europe, and Europe's focus on data privacy. Also, understand how geopolitical events, such as the Russian invasion of Ukraine, shape market dynamics. And finally, Bruce explores luxury iconic brand strategies, revealing the secrets behind LVMH's success and the contrasting approaches of Louis Vuitton and Gucci. Tune in for an analysis of European equities and discover its treasure. Key Takeaways: Although U.S. tech giants dominate headlines, European companies like ASML and ARM play crucial roles in the tech industry, particularly in AI development.Bruce advocates for a selective, bottom-up approach to investing, identifying individual companies poised for long-term growth rather than relying on broad indices.Countries like Switzerland, the UK, and Denmark have led the path in pharmaceutical innovation, with companies like Roche, Novartis, Glaxo, and Novo Nordisk making significant strides, particularly in developing GLP-1 obesity drugs. Bruce discusses the challenges and adaptations within Europe, such as Germany's energy transition and the automotive industry's shift towards electric vehicles. He notes the competitive threat from Chinese manufacturers like BYD. You can find every episode of FEG Insight Bridge podcasts in one place and sign up to receive our other publications here.

Join FEG CIO Greg Dowling and FEG CEO Alan Lenahan, for a discussion of “Whipsaw Wisdom.” In this episode, we uncover investment strategies, from historical trends to the landscape of today's markets. Discover FEG's approach to catering to the diverse needs of clients, ensuring resilience in times of change. Explore the evolution of asset management trends, the business model driving FEG forward, and learn how culture helps shape success. Don't miss out on these insights from FEG's own CEO! Key takeawaysDespite the dynamic nature of the investment industry, FEG maintains a long-term philosophical approach to investing. This approach prioritizes delivering exceptional investment experiences for clients and avoids contemporary fads. FEG emphasizes understanding client's needs and governance structure before tailoring their services. Rather than offering specific business lines like OCIO or consulting, FEG views services as a spectrum that can be customized to meet each client's unique needs. This client-centric approach ensures FEG delivers value to clients by aligning capabilities with clients' best interests.The investment landscape has evolved, particularly with the decline in alpha generation from traditional investment strategies due to factors like increased regulation and information accessibility. FEG highlights the shift towards private markets, where opportunities exist for informational edge and alpha generation. As CEO, Lenahan emphasizes the importance of focusing on people and culture. He discusses the significance of maintaining a shared vision and culture within the organization, particularly as it grows. Alan's approach involves actively engaging with both clients and team members, listening to their needs, and aligning FEG's capabilities to deliver exceptional results. He also emphasizes the importance of combining technical skills with strong communication and interpersonal skills for aspiring leaders in the industry.You can find every episode of FEG Insight Bridge podcasts in one place and sign up to receive our other publications here.

Join FEG CIO Greg Dowling and Mike Scott, Managing Partner and Founder of Pelican Energy Partners, as they explore the world of nuclear power and its impact on energy dynamics. Mike's transition from leading energy service sector buyouts to focusing on nuclear energy offers valuable insights into this often misunderstood domain.This episode debunks myths, uncovers trends, and delves into the lucrative opportunities and potential risks associated with nuclear power, from its role in carbon-free energy to technological advancements. Discover why nuclear energy may deserve a closer look from investors, from Eastern Europe's mission for energy independence to longer-term impacts from Fukushima and changes in U.S. policy. Lastly, you'll gain a deeper understanding of how nuclear energy is shaping the future of global energy markets; and explore its potential in investment portfolios.Key TakeawaysNuclear power is experiencing a resurgence driven by the need for carbon-free base load power, with 93 plants in the U.S. generating 20% of the country's electricity and 50% of its carbon-free energy.The Inflation Reduction Act (IRA) places nuclear power on the same footing as wind and solar, enabling it to benefit from production tax credits and investment tax credits. This has supercharged the nuclear industry, driving upgrades and relicensing of existing plants, leading to increased activity and investment.Small modular reactors (SMRs) offer safer, more efficient nuclear power with higher output for the same input. Despite regulatory challenges, there is significant demand for SMRs from both utilities and industrial sectors due to their decarbonization potential and thermal efficiency benefits.You can find every episode of FEG Insight Bridge podcasts in one place and sign up to receive our other publications here.

Join FEG CIO Greg Dowling and Greg Bond, CEO of Man Numeric as they delve into the evolution of artificial intelligence from expert systems to machine learning and deep learning, and discover its transformative power in reshaping industries like finance. Gain valuable insights on how AI is integrated into investment strategies, driving economic growth and productivity while also exploring broader implications beyond finance. Tune in to Singularity or SkyNet and stay ahead of the curve in the ever-evolving world of finance and technology.Key TakeawaysAdopt AI technologies strategically, while proactively addressing associated risks, positioning AI as a responsible and ethical tool for positive advancements in finance, healthcare, and beyond.AI and technology, including tools like Chat GPT, can serve as "co-pilots" to enhance productivity by assisting individuals in tasks like coding, data visualization, and content creation. They also present opportunities for opening new job roles, improving workflows, and increasing overall productivity. This emphasizes adaptation and leveraging of these technologies to individuals' and organizations' advantage.On the investment side, blending traditional investment approaches with emerging tools like quantamental analysis and systematic management may add tremendous value. It's crucial in today's dynamic market landscape to find the right blend that aligns with your investment philosophy while leveraging technology to enhance rather than dictate strategy.You can find every episode of FEG Insight Bridge podcasts in one place and sign up to receive our other publications here.

Join FEG CIO Greg Dowling and Jason Trennert, Chairman and Chief Investment Strategist of Strategas, as they discuss the investment outlook of 2024. Listen as they explore economic trends, market leadership, potential rate cuts, inflation challenges, and the impact of the upcoming presidential election.Listen to this explorative dialogue that spans the broad economic landscape, then dive into the specific nuances that shape the market outlook for the year ahead. Will inflation rear its ugly head once again? Will potential Fed rate cuts satisfy the expectations of investors? As the discussion unfolds, explore the global rise of populism and its possible implications, particularly in the context of upcoming elections and geopolitical challenges; and uncover the ongoing debate between active and passive investing, hedge funds, and private equity.  Key TakeawaysHistorically, economic soft landings are rare, and inflation typically comes in waves.The Federal Reserve aims to remain independent from politics, balancing addressing political pressures and maintaining credibility with the market.The markets are probably overestimating the amount and frequency of Fed rate cuts.Which party occupies the White House does not have a material impact on stock market performance. However, economic performance prior to election does heavily influence voters. What we experienced with the “Magnificent Seven” in terms of market concentration and the contribution to index performance was highly unusual. It is also uncommon that the former market leaders of the past bull market lead the next.Due to a changing regime, we may be at peak passive and the golden days of private equity may be in the past.You can find every episode of FEG Insight Bridge podcasts in one place and sign up to receive our other publications here.

In this episode of the FEG Insight Bridge, Greg Dowling welcomes David Grain, CEO of Grain Management as he discusses the forces shaping our interconnected world. This discussion journeys through the dynamic landscape of the telecommunications space, exploring the evolution of cell towers to the invisible waves of spectrum and the essential role of fiber. Explore the intricacies of spectrum, raw land in the sky, and why it serves as the fundamental backbone of our ever-evolving communication ecosystem. David unravels a spectrum of opportunities, from cell tower investments to navigating the explosive growth of global mobile data consumption, providing a comprehensive view of the dynamic world of telecommunication investing.Key TakeawaysWhile the U.S. market for cell towers has become less lucrative, due to increased interest, Grain identifies opportunities in spectrum licenses, especially beyond U.S borders.Focused on tier two and tier three markets, Grain recognizes the outperformance of regional players in the realm of fiber networks and data centers, leveraging their agility against larger competitors that are often overshadowed in the market.Driven by data explosion, AI, and an expected 8x rise in global mobile data consumption by 2030, Grain Management and similar firms are crucial in deploying $6-10 trillion for network improvements from 2020 to 2030.You can find every episode of FEG Insight Bridge podcasts in one place and sign up to receive our other publications here.

 Which pill would you take, red or blue? Today's guest shares insight into what it may mean to exit the narrative matrix of today. In this episode of the FEG Insight Bridge, Greg Dowling welcomes Ben Hunt, the creator and CIO of Epsilon Theory and Co-founder of Second Foundation Partners as he explains the narratives in markets and intertwines game theory and artificial intelligence (AI) concepts. We explore Ben's transition from the world of academia to a successful foray in the investment business, all driven by his profound enthusiasm for game theory. Ben describes his journey of unravelling the enigma behind one of the world's most prominent games, investing. His insight includes comprehending the significance of narratives and identifying underlying patterns to forecast better investment outcomes.Epsilon Theory is Second Foundation's principal publishing brand and a widely read newsletter and website offering unique insights into market dynamics through the lenses of game theory and history. Epsilon Theory's audience spans across 180 countries consisting of over 100,000 professional investors and allocators. Ben's diverse background includes teaching political science, authoring academic books, founding technology companies, and working in venture capital and hedge funds before joining Salient, where he applied his expertise in portfolio management and game theory to enhance client outcomes. He holds a Ph.D. in Government from Harvard University and is a Vanderbilt University graduate.Key TakeawaysWe are wired to respond in predictable patterns to the stories we are told.Our media system has changed significantly to an always-on, 24/7 information provision.Smartphones today allow for a continuous intake of messaging in our lives.Society acknowledges and accepts this higher-than-ever level of information receptiveness. It drives and impacts our world today.To be an informed investor (or informed citizens), it isn't what you read, but how.  Maintain critical distance from the information, and ask yourself questions including “why am I reading this now?”You can find every episode of FEG Insight Bridge podcasts in one place and sign up to receive our other publications here.

Immerse yourself in the world of investing in sports as Greg Dowling sits down with prominent American venture capitalist, Kara Nortman. Kara, shares her journey in becoming a co-founder of Angels City FC, as well as her role at  Monarch Collective, a venture capital firm investing in women's sports, teams, leagues, and adjacent revenue streams. Discover investment strategies, challenges, and triumphs that shaped these groundbreaking women-led sports ventures. Kara breaks down underwriting, expanding media rights, commercialization, and maximizing returns, providing insight for investors. Kara provides raw and unfiltered insights into the dynamic world of sports investing. Join us, we hope you get a kick out of it.You can find every episode of FEG Insight Bridge podcasts in one place and sign up to receive our other publications here.

FEG is hosting our 10th Investment Forum September 18 - 20 in Cincinnati.  In this episode, President and CEO Becky Wood joins Greg to discuss what attendees can expect from the speakers and sessions at the event.  Greg Dowling, Chief Investment Officer of FEG Investment Advisors hosts. You can find every episode of FEG Insight Bridge podcasts in one place and sign up to receive our other publications here.

Is the real estate sector really as bad as the headlines seem? This episode welcomes Seth Singerman, founder and managing principal of Singerman Real Estate,  as his discussion with Greg aims to help investors understand what's next for this diverse asset class and how to pick winners from among the many different players in the space. The conversation covers many topics including: the unique value of life science office compared to traditional officethe relative strength of public real estate valuationsand, the viability of new builds and real estate in key fields such as “meds and eds” going forward Greg Dowling, Chief Investment Officer of FEG Investment Advisors hosts. You can find every episode of FEG Insight Bridge podcasts in one place and sign up to receive our other publications here.

Join FEG's Head of Research Greg Dowling as he chats with Edward Chancellor, financial historian, financial journalist, investment strategist, former investment professional, and best-selling author of Devil Take the Hindmost. Ed's most recent book, The Price of Time: The Real Story of Interest Rates details the history of interest rates from ancient times to today, examining financial bubbles throughout history and the investor behaviors that fed them to conclude once and for all that “there is nothing new under the sun.”“…These really are the craziest financial markets, as far as I can see in my reading of history, that have ever been witnessed.” - Edward ChancellorEd talks about the relationship between low interest rates and speculation, how interest has thrived across history, and his take on the Fed's monetary policies over the last 40 years. He also shares his thoughts on a “digital Chicago plan” as a means to rein in inflation and prevent bank runs. Make sure you tune in for this fascinating and highly educational episode!You can find every episode of FEG Insight Bridge podcasts in one place and sign up to receive our other publications here.

Kenneth Lee and Michael Yoshino—co-founders of Pleiad, a Hong-Kong-based, absolute return-oriented, fundamental equity investment strategy with a focus in the Asia Pacific Region–have made a name for themselves over the past decade as on-the-ground experts on investing in Asia.In this Insight Bridge, Kenny and Mike share with Greg their insights on Asia's post-COVID trajectory, where opportunities might lie going forward, how to best navigate the sometimes-mysterious Asian markets, and how different countries are beginning to recover from the COVID slump. They also discuss the path for China and Japan going forward, the importance of investing on the back of good fundamentals and a strong thesis rather than relative momentum, and the advantage of having a nuanced understanding of the region. You won't want to miss this intriguing and educational episode!  You can find every episode of FEG Insight Bridge podcasts in one place and sign up to receive our other publications here.

This extra-special episode of the FEG Insight Bridge highlights the Cincinnati IceBreakers, an adaptive sled hockey team that offers individuals with physical disabilities the chance to compete in organized sports. Greg is joined by Frank Yantek, one of the founding members of the organization, and the two discuss the current status of the club, which members are playing for the U.S. National Sled Hockey Team, and why access to organized sports is so important—especially for those who might not otherwise get the chance to play. Make sure you tune in for this heart-warming episode!You can find every episode of FEG Insight Bridge podcasts in one place and sign up to receive our other publications here.

Growing up in a small town in northern Canada, Xavier Majic had one dream: to make it to the NHL. In this episode of the FEG Insight Bridge, Xavier walks Greg through his unusual journey from aspirations of professional hockey to playing in Canada's national hockey league and the NHL, to becoming an investor. They also discuss how Xavier's conditioning as an athlete has influenced his approach to finance and why he decided to found his firm Maple Rock in Toronto, Canada, rather than New York or San Francisco. Xavier shares his investment philosophy, some of his biggest mottos, and how his relationship with his father helped shape him into the leader he is today. Whether you're a relative hockey novice or a Slapshot enthusiast, you won't want to miss this enthralling episode. Be sure to check out more at feg.com.You can find every episode of FEG Insight Bridge podcasts in one place and sign up to receive our other publications here.

Few business leaders can match the passion, vision, and warmth of Tiffany Pham. Her career is impressive by any standard – she graduated from both Yale and Harvard Business School; she's worked in the television and film industries; she's written best-selling books on business, work, and entrepreneurship; she was named in the Forbes 30 Under 30; and at 27 she founded Mogul, a company focused on helping diverse talent find success and supporting organizations in broadening their hiring and internal practices to identify and nurture diverse talent. In this episode, she talks strategies for relationship-building in business, why women's education is the solution to every major global issue, and the three pieces of advice she gives everyone who wants to know how they can emulate her incredible success. You can find every episode of FEG Insight Bridge podcasts in one place and sign up to receive our other publications here.

Founder and CIO of Strategic Value Partners, Victor Khosla has seen significant shifts in the distressed investment landscape since he first founded SVP in 2001. In this episode of the FEG Insight Bridge, Victor shares his insights on how SVP has effectively differentiated itself from other private credit firms and why focusing on operational improvements rather than financial engineering is a better play for strong returns. He also discusses the value of sourcing distressed debt opportunities directly (a unique approach) and how distressed debt investing can be used to advance social good. Finally, he explores the role of rescue financing in scaffolding companies' success and which sectors are looking most enticing in the face of oncoming recession. You won't want to miss this exciting episode!You can find every episode of FEG Insight Bridge podcasts in one place and sign up to receive our other publications here.

Deputy Chief Investment Officer of DoubleLine and former senior vice president at TCW, Jeffrey Sherman has over two decades of experience in the fixed income investment space and the credentials to match. He is also the host of The Sherman Show, a podcast highlighting DoubleLine's take on the current markets as well as those of distinguished guests. In this episode of the Insight Bridge, Jeffrey sits down with Greg to discuss the current path of inflation, the exogenous factors that could impact the U.S. economy, the value of duration, and how to attract young people to STEM fields. Jeffrey shares his optimism on the current market trajectory and points out that there are always winners in any market environment, as long as you know how to find them. 

We are honored to welcome 30-year investment veteran Jordi Visser to today's FEG Insight Bridge. He is the CIO & President of Weiss Multi-Strategy Advisers, LLC. Weiss, founded in 1978, has been a pioneer in the market-neutral style of investing, offering traditional hedge funds and liquid alternatives.Jordi has been instrumental in Weiss' success. He has always been an innovative thinker with an uncanny ability to decipher current market trends. Not only will we hear his latest views on the markets and the economy, but we will also discuss hedge funds, mutual funds, baseball cards, NFTs, handicapping horse races, and even green marbles. This is one episode you definitely won't want to miss! 

Mohamed El-Erian's career is impressive by any standards: he's served as deputy director of the IMF, as part of President Obama's Global Development Council, and as CEO for PIMCO, and is currently president of Queens College, chair of Gramercy Funds, and chief economic advisor to Allianz. On this episode, he sits down with Greg to discuss the Fed's recent actions and statements, how institutional investors should be interpreting the current market signals, and what the Biden administration should be doing to maintain and grow the reputation of the U.S. as global leader. 

This episode of the FEG Insight Bridge features Sebastian Mallaby, the Paul Volcker senior fellow for international economics at the Council on Foreign Relations and renowned journalist and author whose works include More Money Than God: Hedge Funds and the Making of a New Elite and The Man Who Knew: The Life and Times of Alan Greenspan, among others. The focus of this discussion is Sebastian's most recent book, The Power Law: Venture Capital and the Making of the New Future. Sebastian also shares his thoughts on the unique nature of Silicon Valley, the enormous influence of key venture capitalists on the industry, and the art and responsibility of storytelling. Listen in on this fascinating conversation to better understand the mysteries of venture capitalism, the mindset of successful VCs, and why governance is crucial, even—or especially—for decacorns.

The decorated and well-loved CIO, Jonathan Hook, joins Greg for this riveting episode of the FEG Insight Bridge where the two discuss Jonathan's broad career from banking to university endowments to private foundations.  Jonathan shares his insights on topics ranging from his approach to asset allocation and building out investment offices, his philosophy as a CIO, and plans for his impending retirement. He also discusses the Weinberg Foundation's highly lauded diverse manager program. You won't want to miss this engaging episode!

This episode of the FEG Insight Bridge features Sir Chris Hohn, founder, managing director, and portfolio manager of The Children's Investment Fund (TCI), which includes the Children's Investment Fund Foundation (CIFF), a charity Chris endowed that seeks to improve the lives of children and adolescents living in poverty in developing countries through strategies that have lasting impact. In recognition of his incredible philanthropic activities, Chris was knighted by the Queen of England! Known for a deep commitment to his convictions, Chris shares his thoughts on finding companies with moats, when (and how) to be an activist, and why climate change should matter to everyone. Chris' keen insights, hilarious anecdotes, and shrewd observations remind us that being liked is not nearly as important as being tenacious—and, of course, being right. Be sure to listen in on this illuminating conversation!

This episode of the FEG Insight Bridge features Dominique Mielle, well-known distressed debt investor, former partner and senior portfolio manager at Canyon Capital, and author of the book Damsel in Distressed: My Life in the Golden Age of Hedge Funds. After 20+ years in distressed debt investments, she published the first-ever hedge fund memoir by a woman. Dominique and Greg discuss what it was like to be the only woman in the room (and an immigrant, no less), what inspired her to write a book about her experiences, and why she decided to retire before 50. Dominique also explains why diversity is a key asset for hedge funds, how the recent changes in Fed activity are affecting the distressed landscape, and which American habit she simply cannot stand.

Join Greg as he sits down with the CFA Institute Research Foundation's Director of Research Laurence “Larry” B. Siegel to discuss why investors have many reasons to be optimistic about the forward progression of society (and the economy). In this engaging episode, Larry talks about his new book, Richer, Greener, Fewer, offers a historical perspective on globalization and inflation, talks frankly about his endowment model debate versus Richard Ennis, and why investors should feel optimistic about the market. He also debunks several investment myths and shares his take on the ultimate investment strategy: buy, hold, and forget. This episode is one for the books that will leave listeners more knowledgeable and optimistic about the world we live in! 

Join Greg as he sits down with Wellington Management's Multi-Asset Strategist Cara Lafond to discuss the ins and outs of the current investment landscape for endowments and foundations (E&Fs). Cara is responsible for researching investment policy and portfolio construction and advising clients on portfolio risks and opportunities, with a focus on Endowments and Foundations. In this episode, Cara shares the top five E&F investment trends for 2022, including how institutions are rethinking their strategic asset allocations, how institutions are gearing up to face the coming environment of rising rates and inflation, her insights on navigating public-private crossover, strategies for investing in China, and different approaches to ESG implementation. She also breaks down some of the misconceptions around endowment models, discusses how to lean into innovation, and how to determine if a manager is right for you. You won't want to miss this episode! 

From earning his PhD under the great economist Gene Fama to launching AQR, one of the country's first quantitative funds, Cliff Asness offers a unique perspective on financial markets. Winner of several awards, including five Bernstein Fabozzi/Jacobs Levy Awards from The Journal of Portfolio Management, two-time winner of the Graham and Dodd Excellence Award for the year's best paper, and second prize in the Fama/DFA Prize for Capital Markets and Asset Pricing, among others, Cliff has been well-recognized for his outstanding contributions to his field. This week on the FEG Insight Bridge, Greg picks Cliff's brain on a range of topics, including where investors can expect to see returns in the next 10 years, what happens when stock-bond diversification fails, his thoughts on private equity modeling, what Cliff really thinks of market efficiency, and the potential role of AI in investing going forward. Listen in as Cliff's witty retorts and insightful answers have Greg nodding in agreement.

It's no secret that today's political landscape is one of the most volatile in the U.S. since the Civil War. In this episode, we invited Dan Clifton, partner and head of policy research at Strategas Securities, to sit down with Greg Dowling on the FEG Insight Bridge to connect politics, policy, and markets today.  Listen in as Dan breaks down some of the most important moving targets for the market, from China's geopolitical risk to the Biden administration's Build Back Better Program and the historically large infrastructure bills being debated in Congress. Dan also offers some valuable insight into how the proposed tax bill may impact future S&P 500 earnings as well as the near-term future of the debt ceiling.  Dan shares words of wisdom for investors as he details how the “September to remember” has now become the October, November, and even December to remember as markets attempt to absorb the blows of the ongoing political dramas in D.C. This episode was recorded on October 21, 2021.

Did you know that one of the biggest sectors in the REIT market today is cell phone towers? Or that REITs tend to generate positive returns in rising interest rate environments? This week on the Insight Bridge, Jon Cheigh, CIO and Head of Global Real Estate for Cohen & Steers sits down with FEG's Greg Dowling to discuss all things REITs. From malls to cell towers and self-storage, REIT allocations have been shifting over time and have grown to positions of prominence in many portfolios, with over $1.6 trillion invested in U.S. REITs alone. In this compelling episode, Jon shares his insights on the role of the indices as a forecaster for the future, his strategies for REIT valuation, and his thoughts on near- and longer-term trends in the space. 

A regular guest and guest host on CNBC, Bloomberg TV & Radio, CNN, Fox Business News, and PBS NewsHour as well as named one of the “25 Most Powerful Women in Finance” by American Banker, one of the “Top 50 Women in Wealth” by Wealth Magazine, and twice named one of the “100 Most Influential Women in Finance” by Barron's Magazine, Liz Ann Sonders has a resume that's impressive by any measure. She's worked with industry giants like Marty Zweig and Charles Schwab and has made a name for herself as an investment strategist capable of breaking down complicated and confusing concepts into simple, easy-to-understand takeaways. In this episode of the FEG Insight Bridge, Greg and Liz Ann discuss her storied career, her take on the current markets, and her thoughts on the Fed, the infrastructure plan, and taxes.

As the President and Co-CEO of Ariel Investments, Chair of the Board at Starbucks, Director of JP Morgan Chase, Chairman of After School Matters, and Co-Founder of Ariel Alternatives, to say that Mellody Hobson has a lot on her plate is quite the understatement. She came by her love of investing early and honestly, and focused her career on furthering financial literacy, advancing educational opportunities in underserved communities, and increasing diversity in business and investing. Mellody has worked with industry titans from Howard Schultz to Jamie Diman and is not shy about sharing the many lessons she has learned from them. Listen in as Mellody reveals what qualities make for the right board member, her strategy for ensuring diversity in any company, her approach to rebuilding stability and trust after underperformance, and her humble perspective on serving others. You won't want to miss this incredible episode!

Founder and chairman of the board of Research Affiliates, Rob Arnott, is deeply dedicated to the role of research in understanding and forecasting market trends. His commitment to research spans several decades, and he has published three books and more than 130 articles on various financial topics and earned several awards for his efforts, including seven Graham and Dodd Scrolls and four Bernstein Fabozzi/Jacob Levy awards. In this episode, Greg and Rob sit down to talk about the fate of diversification (and value), how investors can appropriately size in a volatile market, whether or not smart money has gotten dumb, and why an investor should always seek to be curious. They also discuss key takeaways from Rob's recent research and his capital market assumptions. Rob shares many important lessons in this episode and answers, once and for all, the question of whether or not diversification and value are “dead.”

Jeremy Grantham has had a lot of firsts in his life; he was among the first to recommend commercial index funds, purportedly the first to create an international stock database, one of the first to call several bubbles—including the Japanese Bubble, the Tech Bubble, and the Great Financial Crisis—and certainly one of the first philanthropists to invest not only his time, but 98% of his fortune to address issues of climate change. In this episode, Greg and Jeremy discuss the breadth of Jeremy's career from his origins at Shell Oil to the co-founding of Batterymarch and GMO, to the creation of the Grantham Foundation for the Protection of the Environment. Jeremy shares his insights on today's market, breaks down the zero-sum investment game and the art of bubble calling, explains how the U.S. is in a unique position to provide innovative greening solutions, and offers his advice to listeners on how they can work to make a difference in the fight against climate change.

It has been a turbulent period for recent market darling, SPACs, also known as Special Purpose Acquisition Companies. Although SPACs began almost three decades ago, they only recently surged in popularity. In fact, more U.S. companies went public through SPACs than traditional IPOs in 2020. Fir Tree Partners has a long history investing in SPACs, and Managing Partner, David Sultan, joins the conversation to provide some perspective. In this episode, we define SPACs and how they work, discuss how the current wave of SPACs differs from past waves, and speculate as to whether the current craze is a bubble. Listeners will also learn about the various ways to invest, some of the craziest SPACs to date, and concerns that have brought about scrutiny from regulators.

Mark McCall, Managing Director at Lime Rock New Energy and former Executive Director of the U.S. Department of Energy Loan Programs Office, joins us in this episode to talk about the rise of renewable energy. Listen in as we discuss the megatrend toward renewables, what technology investments are required along the way, how the government will be involved, and how traditional energy fits into the equation.

With the rise of bitcoin, blockchain has gained much popularity in recent years. In this episode, Atul Rustgi of Accolade Partners joins us to break down the “chain.”  We will discuss how the technology behind cryptocurrencies is disrupting industries from banking to the internet. Hear about some of the many different use cases for blockchain and Atul's opinion on whether cryptocurrencies, like Bitcoin, are truly currencies, or something else entirely. Finally, hear how institutions can invest in this disruptive force.

In this episode, we are pleased to welcome Rhonda Fitzgerald of the Sustained Dialogue Institute. As managing director at the Institute, she works to train, mentor, and provide guidance to a broad range of institutions and individuals seeking to transform their communities through Sustained Dialogue.In our conversation, we discuss how these techniques led to diplomacy breakthroughs like the Camp David Accords and the Dartmouth Conferences, the longest running continuous bilateral agreement between the U.S. and the former Soviet Union.Today, these five principles are being applied to facilitate healthy conversations around difficult topics such as race, gender, and religion. Join us as we dive into the process and how it may vary across industries, as well as the evolution of dialogue in an increasingly virtual environment, and an example of an off-the-shelf event used at a hedge fund. Whether you invest your money or time, you expect a positive return, and we believe this conversation will pay dividends.

Jeffrey Gundlach gained international renown when he was anointed the "King of Bonds" by Barron's magazine in 2011. Having joined us on the main stage at the FEG Investment Forum twice, FEG clients gave Jeffrey high marks for the knowledge his brings to these events. We are excited to have him on the FEG Insight Bridge to discuss the firm he launched 11 years ago, almost buying the NFL's Buffalo Bills, and his market views for 2021. Listen in to hear what market themes he anticipates for the new year!

We are excited to have professor, author, and investment professional, Jeremy Siegel, join us in the latest episode of our FEG Insight Bridge podcast!Jeremy is the Russell E. Palmer Professor of Finance at the Wharton School of the University of Pennsylvania. He is a regular on CNBC, CNN, and NPR. Jeremy is probably best known for his best-selling book, Stocks for the Long Run. In addition to his storied academic career, Jeremy is also an advisor for Wisdom Tree Advisors.  Listen in as we tackle a myriad of topics ranging from 2021 equity markets outlook, the future of academia, to fundamental indexing.

We are thrilled to have investor, philanthropist, and bestselling author, J.D. Vance!  J.D.'s #1 NYT Bestselling book, Hillbilly Elegy, explores social and economic challenges in small-town America from his personal viewpoint. On November 24, Hillbilly Elegy the movie will be available on Netflix, which was directed by Ron Howard and features an incredible lineup of A-list actors.He is also a founding partner of Narya Capital, which is a venture capital firm focused on backing great ideas and entrepreneurs outside of Silicon Valley. Listen in as J.D. shares his experiences turning a law school essay into a #1 NYT Bestselling book, consulting on a star-studded movie, and investing in Middle America.  Topics include:Cultural and economic impacts of the loss of the American industrial baseOpioid addiction and how it is still plaguing the working class Value of empathy in politicsRe-investing in AmericaHow Middle America entrepreneurs can differ from those on the “Coasts”How cities can be successful in playing to their strengths and by creating the right infrastructure to support VCAnd, If politics are in his future  Don't miss this engaging conversation!