Podcasts about asset managers

Nicole Gehrig speaks with Tamara Close, CFA, Senior Director of ESG Advisory for the Petra Funds Group, about the ongoing evolution of sustainable finance and ESG (Environmental, Social, and Governance) practices within the institutional investment landscape. Tamara reflects on her career path, including her time at PSP Investments, and shares key insights into the shifting perceptions and integration of ESG issues into mainstream investment strategies. The discussion covers how institutional investors have evolved and increased in sophistication when it comes to their ESG practices. It looks as well at the regional disparities in adoption, the distinct roles of public versus private markets, and the growing expectations placed on asset managers by institutional investors. Nicole and Tamara also examine the increasing demand for transparency, high-quality data, and measurable outcomes, from institutional investors emphasizing the maturation of considering ESG issues from a values-driven approach to a financially material integrated investment framework.   Key Takeaways:  • Institutional investors have progressed from values-based investing to fully integrating ESG issues into risk management frameworks, aiming to create real world impact through their investments. • Public markets are increasingly seen as a risk management play for institutional investors focusing on ESG issues, whereas private markets present more opportunities to deliver measurable impact. • Transparency and evidence-based results are essential requirements for credible ESG strategies. • There are key questions institutional investors can use to help assess a fund manager's ESG integration maturity.   Chapters 00:00 Introduction 01:40 Tamara's Sustainability Story 05:08 How Institutional Investors Treat ESG Issues: Evolution and Trends 11:04 Regional Differences in ESG Practices and Regulations 15:13 Public vs. Private Markets: ESG Approaches 20:27 Expectations from Institutional Investors 23:30 Key Questions for Asset Managers on Integrating ESG Issues 27:41 Future of ESG Practices in Investment Strategies

In this episode of The Note Closer Show, we dive deep into the best practices for reaching out to asset managers and how to distinguish yourself from the competition. Learn how to craft a professional image, avoid common pitfalls, and build credibility. We also share insights on the importance of a strong online presence, including LinkedIn and email marketing strategies.Key Topics Covered:Identifying Joker Brokers: Learn how to spot illegitimate contacts and avoid wasting time on unproductive leads.Building a Professional Image: Tips on creating a professional LinkedIn profile, email account, and website.Effective Outreach Strategies: How to use CRMs and email blasts to reach asset managers, plus the importance of follow-up.Passing the "Smell Test": Ensuring you and your contacts appear legitimate and trustworthy through online presence and background checks.Leveraging Social Media: The importance of consistent posting and updating profiles with relevant content like articles, case studies, and property pictures.Networking and Due Diligence: How to research potential contacts and verify their credentials to ensure they are serious buyers or sellers.The Importance of a Clean Online Presence: Get rid of messy stuff. Clean up the emails and make sure everything looks professional.This episode provides actionable advice for note investors and real estate professionals looking to improve their outreach and establish themselves as credible players in the industry. Whether you're just starting out or looking to refine your strategies, this episode is packed with valuable insights.Watch the original VIDEO HERE!Book a call with SCOTT HERE!Love the show? Subscribe, rate, review, and share!Here's How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes Pinterest

10 - Asset managers - working for you, or the Money Power by Australian Citizens Party

Join Michelle Martin on Money and Me, hosted by Michelle Martin with guest Dr. Anser Aftab, the Principal Program Director for Wealth Management Institute’s Dalio Market Principles Program. As volatility rocks global markets and U.S. recession fears grow, investors are asking: what really matters? Dr. Aftab, formerly of Bridgewater Associates, unpacks Ray Dalio’s macro principles how to distinguish signal from noise and why stability matters more than ever. They explore whether now is the time to go defensive, and what Trump-era policies could mean for investor positioning.See omnystudio.com/listener for privacy information.

In a competitive financial job market where integrity and expertise matter more than ever, executive recruiter Michael Weinstock shares insider insights on what it really takes to land top-tier talent in portfolio management, wealth advisory, and investment firms. In this episode of the Registered Investment Advisor Podcast, Seth Greene speaks with Michael Weinstock, Founder of Portfolio Placements & Resumes, LLC.  In this episode, executive recruiter Michael Weinstock reveals the challenges and strategies behind placing top talent in the competitive portfolio and investment management world. With decades of experience navigating the buy-side hiring landscape, Michael shares invaluable insights on integrity in recruiting, the evolving job market, and how both firms and candidates can stand out in an industry where trust is everything. Key Takeaways: → Why ensuring honesty and transparency in recruits' experience and expertise is difficult. → How candidates claiming to bring over client assets often overestimate retention. → Why client-facing portfolio managers are essential.  → How firms are rapidly adjusting their hiring based on market fluctuations.  → Why many of the best recruitment candidates come from referrals. Michael Weinstock is an experienced executive recruiter and resume consultant with over 20 years in the financial services industry. After earning his degree from Northeastern University, he built a strong foundation at firms like State Street Bank, New York Life Investment Management, and Citibank Global Asset Management. He spent 12 years at Advisors Search Group in New York City, where he developed a proven approach to talent placement, leading to the founding of Portfolio Placements and Resumes, LLC. With direct access to hiring managers and insights from over 200 HR professionals, Michael helps job seekers refine their resumes, sharpen interview skills, and secure roles in top-tier firms. Connect With Michael: Portfolio Placements and Resumes, LLC. LinkedIn Learn more about your ad choices. Visit megaphone.fm/adchoices

Die Themen im heutigen Versicherungsfunk Update sind: Allianz bleibt Spitzenreiter Laut einer neuen Studie von Splendid Research bleibt die Allianz die bekannteste Versicherungsmarke Deutschlands. Überraschung im Image-Ranking: Die R+V verbessert sich um 5 Punkte und holt den Spitzenplatz bei Vertrauenswürdigkeit & Nachhaltigkeit. GDV fordert Einsatz privaten Kapitals zur Modernisierung der Infrastruktur Das neue Sondervermögen des Bundes ist laut Gesamtverband der Deutschen Versicherungswirtschaft (GDV) ein wichtiger Schritt – jetzt müsse die Politik auch für mehr Öffentlich-Private Partnerschaften sorgen. Versicherer sehen Potenzial: Schon heute stecken 100 Mrd. Euro in Infrastrukturprojekten. BVK: Lob für Riester-Reform und Elementarpflicht, Kritik am Kostendeckel Der BVK sieht in den Ergebnissen der Koalitionsarbeitsgruppen Licht und Schatten: Gelobt werden Pläne zur Riester-Reform ohne Garantiezwang und mit weniger Bürokratie – kritisiert wird jedoch ein möglicher gesetzlicher Kostendeckel. Auch die Einführung einer Elementarschadenpflichtversicherung begrüßt der Verband – fordert aber Beratungspflicht bei möglichem Opt-out. Für die Rückversicherbarkeit sei eine staatliche Absicherung sinnvoll. Generationswechsel bei Union Investment Hans Joachim (Aki) Reinke übergibt nach 35 Jahren – davon 22 Jahre im Vorstand – zum 1. April 2026 den Vorsitz an André Haagmann. Reinke prägte die strategische Entwicklung des Asset Managers maßgeblich. Haagmann, seit 2022 im Vorstand, übernimmt künftig die Gesamtverantwortung für die Gruppe. Vanguard bringt neuen Renten-ETF auf den Markt Vanguard hat den „Vanguard Global Government Bond UCITS ETF“ aufgelegt. Der neue Fonds ergänzt das bestehende ETF-Angebot für festverzinsliche Anlagen und soll als weitere Kernkomponente in Anlegerportfolios dienen. Gelistet ist er unter anderem an der Deutschen Börse, der London Stock Exchange und der SIX Swiss Exchange. Sompo erhält Erstversicherungslizenz in Belgien und den Niederlanden Sompo hat die Genehmigung erhalten, in Belgien und den Niederlanden lokale Erstversicherungsverträge abzuschließen. Damit baut der Industrieversicherer seine Präsenz in Kontinentaleuropa weiter aus. Bereits heute ist Sompo in Deutschland, Frankreich, Italien, Spanien und der Schweiz aktiv. Ziel sei es, mit lokalen Teams und globaler Expertise flexible Lösungen für komplexe Risiken zu bieten.

What if you could participate in market growth while protecting your portfolio from catastrophic losses? In this episode, Dan Baccarini of Beacon Capital Management reveals how risk-managed investing helps advisors and their clients confidently navigate market volatility. In this episode of the Registered Investment Advisor Podcast, Seth Greene speaks with Dan Baccarini, CIMA®, Chief Distribution Officer at Beacon Capital Management. In this episode of the RIA Podcast, Dan Baccarini of Beacon Capital Management shares how risk-managed investing empowers advisors to help clients participate in market growth while protecting against downturns. Drawing insights from his book Scalable: How to Build a Financial Advisory Practice and Have a Life, Dan also discusses the power of outsourcing portfolio management, building client relationships, and leveraging practice management strategies to grow a successful advisory firm. Key Takeaways: → How every investment strategy should be based on math and history, not emotions.  → Why successful advisors focus on client relationships rather than spending time trading, researching and managing portfolios. → Why risk-managed strategies resonate with pre-retirees and retirees. → How advisors should focus on scalability and leverage expert partners for investment management.  → Why advisors must focus on delivering clear, logical investment solutions. Dan Baccarini, CIMA® is an International Best Selling Author.  His book Scalable was a Top Ten best seller in five different countries:  Canada, Australia, The UK, Germany and was #1 in the US in the Financial Services Category.  Dan began in the financial services industry in 1993 as a producing manager for a financial services firm in the Midwest selling mutual funds and insurance products to high net worth individuals.  For the past 25 years, he has been working with Asset Managers to help them build their sales efforts.  In this role, Dan has worked with hundreds of financial advisors helping them figure out what works and what doesn't work in creating a successful financial advisory business.  Dan joined Beacon Capital Management in 2011 and during his time at the firm he has restructured the sales effort, and oversaw the explosive growth in assets taking the firm from $250M in AUM to over $4B in assets. Connect With Dan: Website: Beacon Capital Management Learn more about your ad choices. Visit megaphone.fm/adchoices

On 4 December 2024 Future of Finance hosted a one-day event at the offices of AON in London. Entitled Digital asset custody: What do asset managers and asset owners need to know about digital asset custody and custodians?, the event attracted 160 registrants from asset managers, banks, custodian banks, digital asset custodians, exchanges, financial market infrastructures, insurers, investment consultants, law firms, regulators and technology vendors. This is an account of what they and the panellists contributed to the seven sessions that day, both live and in the multiple-choice questionnaire they completed in advance, the results of which are also published here.The panellists for this discussion were Angie Walker, Global Head of Banking and Capital Markets at Chainlink; Anoosh Arevshatian, Group Chief Risk Officer at Zodia Custody; Keith O'Callaghan, Managing Partner at Archax Capital Limited; Qian Jian, Director, Digital Assets Strategy, SWIFT; and Dr Robert Barnes, co-CEO at BPX Digital Securities Exchange. Hosted on Acast. See acast.com/privacy for more information.

Our analysts Michael Cyprys and Stephen Grambling discuss prediction markets' rising popularity and how they could disrupt the U.S. sports betting industry.----- Transcript -----Michael Cyprys: Welcome to Thoughts on the Market. I'm Mike Cyprys, Morgan Stanley's head of U.S. Brokers, Asset Managers, and Exchanges Research.Stephen Grambling: And I'm Stephen Grambling, head of U.S. Gaming, Lodging, and Leisure.Michael Cyprys: Today, we'll talk about sports betting and how prediction markets can disrupt it.It's Wednesday, March 19th at 10 am in New York.Sports betting used to be against the law in most of America, outside of Nevada. That changed in 2018, when the U.S. Supreme Court declared a federal ban on sports betting to be unconstitutional. As a result, many American states legalized sports betting. Over the last seven years, it's become even more popular and profitable. The American sports betting industry posted a record [$]13.7 billion of revenues last year. That's up from 2023's record of [$]11 billion, according to the American Gaming Association.Now, prediction markets are set to potentially disrupt this industry.Stephen, to set the stage, how is the U.S. sports betting industry currently organized and regulated?Stephen Grambling: Well, as you mentioned, Mike, with the overturning of the Professional and Amateur Sports Protection Act in 2018, legalization of sports betting turned to the states. The path to legislation varies by state with different constituents to consider – beyond even the local government. You know, Senate and Congress, but also tribal casinos, commercial casinos, sports teams, leagues, etc.We now have 38 states plus D.C. and Puerto Rico offering legal sports betting in some format, collecting billions of dollars in taxes in aggregate. At this point, the big states that are remaining are really only Texas, Florida, Georgia, and California. Each state forms its own framework across taxes, what sports can or can't bet on, and regulations around advertising. This means a separate commission for each state regulates the industry, in conjunction with state lawmakers,Michael Cyprys: I see. And what exactly are betting exchanges and how do they fit within the U.S. sports betting market?Stephen Grambling: Betting exchanges have existed for a long time in markets around the world. These are really exchanges – and are platforms – where individuals can bet directly against each other on an event outcome, rather than against a bookmaker. These exchanges match opposing bets and then take a commission on the winnings and typically offer better odds by eliminating traditional bookmaker margins.That said, the all in commission can range at two to five per cent. Whereas the spread on a traditional singles bet is about five to six per cent. So, it's relatively small. This is also known as the, the vigorish or the vig, or what the book gets to keep. Due to the need to be perfectly balanced as an exchange, these platforms, which operate in various markets, as I said around the world, are generally more akin to premarket, single bets. So single bet, or sometimes people call them straight bets, are really just betting on the outcome of a match or the over-under. They don't typically impact things like multi leg bets, also known as parlays, since there's less of a consistent betting pool.Because the type of bets are more limited than what a sports book offers, these exchanges somewhat plateaued in popularity in markets like the UK. For frame of reference, we estimate these singles bets are about $900 million in markets where it's legal for sports betting, and roughly another $800 million in states without legislation.Again, this is really just the market for people who only bet on that type of bet; that don't do both singles bets and parlays, or parlays alone.Mike, maybe turning it back to you, sports betting is a type of prediction market. But from where you sit, how would you define prediction markets more broadly, and can you give some examples?Michael Cyprys: Sure. So prediction markets are a type of marketplace where event contracts trade. Sometimes they're called forecast markets or even information markets. A core feature here is trading an outcome at an event, such as the November election, economic indicators, or even corporate events. But unlike futures contracts, event contracts have a defined risk and defined reward.Generally, they're structured as binary options, which can be easily understood. For instance, a contract could pay a dollar if the consumer price index, or CPI, exceeds say, 3 per cent in March. If an investor buys that contract for 75 cents, they could generate a 25 percent potential return if CPI comes in over 3 per cent and they collect a dollar on that contract.Now, the counterparty on the other side of that trade is the investor who sold that contract, collected the 75 cents, and they would stand to lose 25 cents potentially – if they held on to that contract, paid out the full dollar in the event that CPI came in hot.What's interesting is the price of that contract becomes the best forecast of that event happening, and so this can provide a lot of information value.Stephen Grambling: So, it sounds like you could bet on just about anything, so are these prediction markets legal?Michael Cyprys: Not only are they legal, they've been around for some time – though perhaps more esoteric in nature, in terms of where we have seen contracts and types of events traded on marketplaces. They've been geared more towards end users and farmers. For example, event contracts on the weather have been listed on a Chicago derivative exchange for over 25 years.What's new and interesting is that we're seeing new exchange upstarts enter the space. They're innovating, they're broadening access to retail investors, and they're benefiting from the confluence of a number of different trends around technology improvements – with mobile trading in recent years, the speed and access to information, the ease of account opening, broadly retail investors coming into the marketplace, and the pure simplicity and intuitive nature of event contracts.The 2024 election sparked people's interest in event contracts. And that's persisting post election. In the coming months, we do expect a large retail brokerage platform in the U.S. to really help potentially mainstream event contracts.Coming back to your legality point and question. One area of open debate, though, is around the legality of sports event contracts, where we expect regulators to provide some clarity around that in the months ahead.Stephen Grambling: Interesting, so some have also argued that the prediction markets are not just the future of trading, but for information in general. Do you think prediction markets can be a disruptive force in finance then?Michael Cyprys: Over time, potentially, yes. I do think that's going to require participation from both retail as well as institutional investors that can help fuel robust and liquid marketplace. The sheer simplicity is helpful in terms of driving retail adoption; but for institutional investors and corporates, they could look to prediction markets as a valuable hedging tool, with insurance-like properties – not to mention the information value that can be derived.Stephen, given our discussion of prediction markets and their relevance for sports betting, how are you framing the potential for risk and opportunity for the sports betting industry from the application of prediction market models?Stephen Grambling: There's a bit of a put and take wherein existing sports betting markets, that's where it's legal, the industry may face new competition. So, the incumbents will face new competition from these prediction markets being opened up. On the other hand, a new regulatory framework could also open up new states; so the states that I referenced before that are still out there that haven't been legalized, all of a sudden become fair game.Given the size of these new states, as I mentioned, folks like California, Texas, Florida; these are enormous economies, and they're roughly equal to the size of the existing markets. So, the potential upside opportunity, we think, actually outweighs the competitive risks. And we quantify this as being potentially in the hundreds of millions of dollars, an incremental EBITDA to some of the incumbents that operate in the space.Michael Cyprys: That's fascinating, Stephen. Thanks for taking the time to talk.Stephen Grambling: Great speaking with you, Mike.Michael Cyprys: And thanks for listening. If you enjoy Thoughts on the Market, please leave us a review wherever you listen and share the podcast with a friend or colleague today.

SITE INTERNET : https://fr.swisslife-am.com/en/home.html

Discover how a modern tech platform integrates traditional market data with AI to provide investment signals, optimize investments, and automate reporting in wealth management. Learn about the impact of generative AI in transforming the financial industry and why confidence in AI has surged, enabling rapid growth and better adaptation within firms. With Arianna Colombo, MDOTMLINKSMDOTM https://www.mdotm.ai/Arianna on Linkedin: https://www.linkedin.com/in/arianna-colombo-6941101a2/

Charlie, a Kudu co-founder, is responsible for external activities including deal sourcing, capital raising and marketing. He was previously a co-founder and managing partner of Kudu Advisors, LLC, an asset management M&A advisor where he oversaw transactions in the target date fund, investment outsourcing, and defined contribution spaces. Before that he was co-founder and CEO of Asset International, Inc., a publisher and information service provider to the retirement, asset management, alternative investments, and securities services industries. There he founded PLANSPONSOR, PLANADVISER, Global Custodian, and Chief Investment Officer magazines and various websites, data businesses, and conferences. He holds an MA from Cambridge University and an MS from Columbia University. Links: Kudu - https://www.kuduinvestment.com/ Charlie on LinkedIn - https://www.linkedin.com/in/charlie-ruffel-3189a2/ Brandon on LinkedIn - https://www.linkedin.com/in/bsedloff/ Juniper Square - https://www.junipersquare.com/ Topics: (00:00:00) - Intro (00:02:12) - Charlie's background and career (00:08:14) - The vision for Kudu (0:15:17) - Kudu Investment Management today (0:26:09) - Investing philosophies (00:32:08) - Capital vs. Capital Partner (00:41:19) - Valuing businesses (00:44:25) - How do you see distribution changing in private markets? (00:49:52) - Where do you see institutional capital going?

In this episodeThe red flags to watch for when evaluating model portfolios.How private markets could strengthen model portfolios—and the risks involved.Why technology will drive personalization, but human connection with remain key.Additional resources:Catch up on previous episodes: https://www.morningstar.com/views/podcasts/big-picture-in-practiceSubscribe to our newsletter: https://www.morningstar.com/business/insights/research/big-picture-in-practice-newsletter

Unlocking the Secrets to Finding Non-Performing Notes: A Note Investor's GuideHappy Monday, fellow note-slingers and deal-makers! Let's face it, the world of note investing can feel like a treasure hunt in a swamp – lots of murky water and questionable treasures. This week's episode delves into how to find those elusive, high-quality non-performing notes – the ones that aren't swamp-things. Forget wading through endless lists of land notes and performing loans, let's get you to the good stuff!The speaker's experience highlights the common frustration of finding quality deals. He describes a LinkedIn post from someone lamenting the lack of good non-performing notes available, stating that the market is flooded with "crap". Sound familiar?The Myth of the "Low-Hanging Fruit":Many new investors rely on their LinkedIn network or Facebook groups for leads. While this can work, it often yields low-quality deals – a mix of firsts and seconds, frequently low-balance loans from less-than-ideal sources. Think of it like fishing in a pond full of minnows: Sure, you can catch some, but are you really going for the big tuna?Where the Real Deals Hide:The fact is, there's a significant number of non-performing notes out there. We're talking millions of loans that are underperforming, and they're not just sitting in plain sight! You won't find them hanging around on Facebook, that's for sure! Here's the real secret:Direct Sourcing: Target direct sources, like banks (think beyond the big guys – regional banks often have more readily available inventory) and asset managers. Forget the big sharks; focus on finding the smaller, more approachable fish in the pond.Marketing is Key: Market your services actively. A 3% default rate on 80 million homes equals millions of opportunities, but you need to get in front of those who control them.LinkedIn Power: Optimize your LinkedIn profile. Don't be a grainy, blurry photo from 1998. Dress to impress, folks! It's your digital storefront! Target Asset Managers with specific job titles using LinkedIn's search functions. Be professional and clear about what you do and who you are.Network, Network, Network: Attend industry events (or at least research the attendee lists) to get direct contact information. This is your chance to network and find hidden gems that the general public never gets a whiff of. Bring business cards, and for goodness' sake, dress nicely!Phone Calls Still Matter: Email campaigns are great, but phone calls are the ultimate closer. A well-structured call blitz can yield amazing results – even if it feels like you're hauling a thousand-pound phone at first.Avoiding Common Pitfalls:The biggest mistake new note investors make is focusing only on seconds. While seconds can be profitable, they're not always easily found at good prices. First liens are more profitable and easier to acquire capital for!Final Thoughts:Finding quality non-performing notes is a process. It's not a get-rich-quick scheme, but rather a strategic approach requiring focus, consistent marketing, and a dash of resilience. Remember, the treasure is out there; you just need to know where (and how) to look for it.Watch the original VIDEO HERE!Book a call with SCOTT HERE!Love the show? Subscribe, rate, review, and share!Here's How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes Pinterest

Morgan Stanley Research analysts Michelle Weaver, Michael Cyprys and Ryan Kenny discuss the resurgence in capital markets activity and how sponsors might deploy the $4 trillion that has been sitting on the sidelines. ----- Transcript -----Michelle Weaver: Welcome to Thoughts on the Market. I'm Michelle Weaver, U.S. Thematic and Equity strategist at Morgan Stanley.Michael Cyprys: I'm Mike Cyprys, Head of U.S. Brokers, Asset Managers and Exchanges Research.Ryan Kenny: And I'm Ryan Kenney, U.S. Mid-Cap Advisors Analyst at Morgan Stanley.Michelle Weaver: In this episode of our special miniseries covering Big Debates, we'll focus on the improving M&A and IPO landscape and whether retail investing can sustain in 2025.It's Thursday, January 23rd at 10am in New York.2023 saw the lowest level of global M&A activity in at least 30 years. But we've started to see activity pick up in 2024. Mike, what have been the key drivers behind this resurgence, and where are we now?Michael Cyprys: Look, I think it's been a combination of factors in the context of a lot of pent-up activity and a growing urge to transact after a very subdued period of, you know, call it four- to six quarters of quite limited activity. Key drivers as we see it ranging from equity markets that have expanded across much of the world, low levels of equity volatility. broad financing, availability with meaningful issuance as you look across investment grade and high yield bond markets, tight credit spreads, interest rates stabilizing in [20]24, and then the Fed began to cut.So, liquidity pretty robust, all of that helping reduce bid-ask spreads. In terms of where we are now, post election, think there's just a lot of excitement here around a new administration; where we could see some changes around the antitrust environment that can be helpful, as we think about unlocking greater M&A activity across sponsors as well as strategics, and helping improve corporate confidence.But look, the recent rout of market could delay some of the transactional activity uplift. But we view that as more of a timing impact, and we are quite positive here in [20]25 as we think about scope for continued surge of activity.Michelle Weaver: We've seen rates rising pretty substantially since December. Does that throw a wrench into this at all, or do you think we see more stabilization there?Michael Cyprys: I think it could be a little bit of a slowdown, right? That would be the risk here, but as we think about the path for moving forward, I do think that there are a lot of factors that can be very helpful in terms of driving a continued pickup in activity, which we're going to talk about -- and why that will be the case.Michelle Weaver: Great. And you mentioned financial sponsors earlier, I want to drill down there a little more. What do you think would get sponsor activity to pick up more meaningfully?Michael Cyprys: Well, as I think about it, activity is already starting to pick up clearly across strategics as well as sponsors. On the sponsor side, it's been lagging a bit relative to strategics. We think both of which will build, and Ryan will get to that on the strategic side. As we think about the sponsors -- they're sitting with $4 trillion of capital to put to work that's been sitting on the sidelines where you just haven't seen as much activity over the past couple of years.Overall activity in [20]24 was probably call it maybe around 20 per cent below peak levels, and this is burning a hole in the pockets of both sponsors as well as their clients. And so, we see a growing urge to transact here, which gets to some of your earlier questions there too.So why is that? Well, the return clock is ticking; the lack of deployment is hurting returns within funds. Some of this dry powder also expires by the end of [20]25; and so if it's not yet deployed, then sponsors won't get some of the performance fee economics that come through to them on that capital. So that's all, all on the deployment side.As we think about the realization or exit side, we think that's probably going to lag, but we'd still expect, a steady build through this year. Today sponsors are sitting on call it around $10 trillion of portfolio of investments that are in the ground, and they haven't really provided much in the way of liquidity back to their customers, the LPs and the funds. And so, this is putting a little bit of a strain not only on the client relationships that want more money back from their private investments that haven't received it, but it's also one of the causes of what has been a little bit of a challenging fundraising backdrop across private equity funds.Hence if sponsors can return more capital to their clients, that can be helpful in terms of healing the overall fundraising backdrop. So, look, putting all that together, we expect an expanding pace of transactional deal activity across the sponsors from both the buy side as well as the sell side in terms of our activity.Michelle Weaver: And Ryan, how about IPOs? Have they been part of a similar trend?Ryan Kenny: Yes, definitely. So, with IPOs, we're also expecting a significant resurgence off of a low base. So just to put some numbers on it. In 2024, announced M&A volumes relative to nominal GDP, we're around 40 per cent below three-decade averages; equity capital markets [ECM] or ECM was even more muted, 50 per cent below three decade averages. And the leading indicators for ECM are very similar to the leading indicators for M&A. You want a strong equity market, relatively low volatility so that companies have the confidence to go public and so that deals can price well. And those conditions are really starting to materialize already in 2024; and we saw a few big IPOs price well last year, and launch well. The fourth quarter also looks strong. We saw a significant acceleration in industry ECM activity in October, November, December. 4Q volumes tracking up over 50 per cent year-over-year.Michelle Weaver: Let's dig a little deeper into potential policies from the incoming Trump administration. What are your expectations around antitrust regulation and its impact on M&A?Ryan Kenny: So, Trump has announced his appointments to the FTC and to the DOJ antitrust division. And our expectation is a return to normal. And that's coming off of what was a more onerous and not-clear environment under Biden. The Biden administration's approach was to disincentivize M&A; and they did that by defining M&A market concentration in novel ways -- looking at things like labor markets, and looking at how competitiveness is defined in new ways. And these new ways of defining concentration decrease the clarity of whether a specific deal would be challenged.So, from a CEO and board perspective, you don't want to waste the time of your management team and your board going through a deal that might not go through; in addition to the risk of prolonging the deal, and the risk of higher legal expenses during the process. So now that we're returning more towards normal, that's our expectation. We expect there will still be some deals like a challenge, but it will operate under more historical norms and so that really checks the box of getting CEO confidence up to transact more.Michelle Weaver: And I know that dynamic you're talking about with market concentration created quite a big drag on large M&A deals and large-cap M& A. Do you think we could start to see that come back as well?Ryan Kenny: Yeah, expect large-cap deals to rebound even more than small-cap deals. When we started to see the activity pick up in 2024, it was led by more mid-cap corporates. And now we expect to see large deals return in force at a time when financial sponsors, like what Mike was just talking about, coming back in force at the same time -- which drives up the animal spirits when all parts of the M&A market are returning at the same time.Michelle Weaver: And what are some other catalysts beyond the political side that investors should watch in 2025 around capital markets developments?Ryan Kenny: So, I categorize it as macro catalysts and structural catalysts The macro catalysts are clarity on tariff and immigration policies, how that will impact GDP. Clarity on the interest rate path. And look you don't need more rate cuts to get this market moving; you can still have a significant increase, even if there are no more rate cuts this year.But narrowing the range of outcomes is important. And I think we're already there, where maybe we get no cuts this year. Maybe we get two cuts. It's a much tighter environment than where we were over the last few years. And so that helps narrow the bid-ask spread between buyers and sellers.Structural catalysts that are really critical this cycle are the need for AI capabilities. Innovation in tech, innovation in biotech healthcare, the energy transition, reshoring and exploring your geographic footprint in a multipolar world -- are all really critical when you evaluate the types of companies that a board would want to acquire.Michelle Weaver: What's your outlook for 2025? And then even beyond that when it comes to both M&A and IPO activity?Ryan Kenny: So, in 2025, we see a strong rebound in both ECM and M&A. ECM volumes in our base case, we expect to roughly double off of a low base. M&A announcements, we expect up over 50 per cent year-over-year in 2025. And importantly, that's our base case. Even in our bear case, we model an increase in both ECM and M& A volumes, given we're coming off of such low levels.We've had three years of light activity and pent-up demand, and pipelines have already begun to build. When we look forward beyond 2025, we think this is the beginning of a multi-year capital markets growth cycle -- with bigger deal sizes and more deal count than average, driven by three years of pent-up demand and an economy that's a third larger than 2021, which was the last time we had a capital markets cycle.Michelle Weaver: And then Mike, what does this rebound in capital markets activity, including M&A and IPOs means specifically for retail investing?Michael Cyprys: Overall, a supportive macro backdrop with a rebound in capital markets activity, we think should be helpful in terms of bringing more investors into the markets, including retail investors. Whether it's from corporate actions and IPOs, it helps in terms of more stocks to trade; also helps in terms of revising animal spirits.I think that's all helpful in terms of supporting engagement across both single stock volumes and equity markets as well as options. So, all of that together, we were expecting greater investor engagement here in [20]25. And confidence as well can help boost not just trading volumes but also margin lending and securities lending. And so, all of that can be helpful as we think about our forecast for our retail brokerage coverage group.Michelle Weaver: Mike, Ryan, thank you for taking the time to talk. And to our listeners, thanks for listening. If you enjoyed the podcast, please share it with a friend or colleague today.

In this latest episode of our podcast series, Let's talk asset management, Floortje Nagelkerke, Anna Carrier and Simon Lovegrove discuss the EU Digital Operational Resilience Act (DORA) and its impact on asset managers.

Like this show? I greatly appreciate your support: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://buymeacoffee.com/josephcotto⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Every penny helps. Thanks! This episode was livestreamed on January 5, 2025.

On this episode of Ropes & Gray's California Law for Asset Managers podcast series, asset management partner Catherine Skulan and employment partners Greg Demers, Richard Kidd and associate Patrick Maher, discuss recent developments in California employment law that may impact asset managers and their portfolio companies. The group will address a new California noncompete statute, including a recent case that gives some insight into the contours of the law, and new California requirements to implement comprehensive workplace violence prevention plans. 

Uncover Hidden Bank Asset Managers on LinkedInIf you're feeling overwhelmed trying to find distressed notes to expand your real estate portfolio, and you're tired of competing on listing websites with limited options, then you are not alone! Many real estate investors struggle to connect with bank asset managers and often face rejection or limited deal flow when using traditional methods. They may be missing out on valuable opportunities and potential profits as a result.In this episode, you will be able to:Unlock the power of LinkedIn for reaching out to asset managers and grow your real estate portfolio.Leverage industry events to find the Who's Who of asset managers attending.Master the art of buying distressed notes to supercharge your real estate investment strategies.Harness the potential of networking at finance industry events to expand your real estate investment opportunities.Optimize your real estate investing workflow by integrating virtual assistants into your strategy.Discover effective direct marketing strategies tailored for note buyers in the real estate market.Watch the original VIDEO HERE!Book a call with SCOTT HERE!Love the show? Subscribe, rate, review, and share!Here's How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes Pinterest

Financial oversight in real estate: Your questions answered. In a heartfelt exchange, David and Clark delve into the intricate world of real estate portfolio management, revealing the emotional weight that property owners often carry. They candidly share their own struggles, painting a vivid picture of the challenges that arise in the pursuit of optimizing asset performance. Their discussion underscores the pivotal role of proactive oversight by asset managers, whose expertise can transform overwhelming responsibilities into streamlined processes that empower property owners. By distinguishing between the duties of property managers and asset managers, they illuminate the necessity of understanding market dynamics and the strategic foresight required to scale investments effectively. This conversation serves as a crucial moment for listeners, inviting them to reflect on their investment strategies and consider the profound benefits of enlisting an asset manager to lift the burdens of property management. As they extend an invitation to the Burn Your Boats community, David and Clark encourage everyone to share their own experiences and challenges, fostering a sense of camaraderie and support. Ultimately, they leave listeners inspired to take actionable steps towards financial empowerment, urging them to reconsider their approach to asset management as a vital pathway to achieving their financial aspirations.TakeawaysAsset management is crucial for real estate investors.Property managers handle day-to-day tasks but are not asset managers.Understanding your portfolio's performance is essential for growth.Proactive oversight can prevent costly mistakes.Scaling a real estate portfolio can become overwhelming without help.Asset managers can optimize returns and manage property managers.Investors should evaluate the quality of their assets regularly.The opportunity cost of managing properties can be significant.Investing in higher quality assets can lead to better returns.Private lending can be a viable alternative to property management.Sound Bites"You need a break, you need a strong cocktail.""Owning a real estate portfolio is not one of them.""Your ownership responsibilities start at home with you."Chapters00:00Introduction and Personal Challenges03:57The Work Starts at Your Mailbox09:06The Responsibilities of Owning a Real Estate Portfolio19:15The Limitations of Property Managers25:18The Challenges of Scaling a Rental Portfolio29:51The Role of Asset Managers in Property Management35:38How Commercial Investors Handle Property Management37:59The Importance of Return on Equity41:20The Responsibilities of an Asset Manager52:26The Freedom of Asset Managementkeywordsreal estate, property management, asset management, investment strategy, rental properties, portfolio management, landlord challenges, financial oversight, tenant relations, scaling investments Hosted on Acast. See acast.com/privacy for more information.

Check out the new in-depth guide from Retire Buzz to learn what an External Asset Manager (EAM) is, and how they could be just what you need to get your retirement savings on track. Go to https://retirebuzz.com/what-is-an-external-asset-manager/ for more information. Retire Buzz City: New York Address: 60 West 23rd Street Website: https://retirebuzz.com/

You DON'T need to scale your real estate portfolio to start building wealth. Whether you own a single rental property or one hundred doors, the size of your portfolio isn't as crucial as your ability to manage it. Today's guest is bringing you a masterclass on a fundamental skill that new investors often overlook—one that will help you get the most out of your portfolio and maximize your profits! Welcome back to the Real Estate Rookie podcast! Ashley “BadAsh” Wilson is a big-time investor and long-time friend of the show who has perfected the art of asset management, having managed over 1,500 units to date! In this episode, she's going to show you why this skill matters, how it differs from property management, and how to use it to gain a competitive advantage in your investing journey—even if you don't have a large portfolio or have only just landed your first deal! New investors must wear many hats, but Ashley shares three things ALL rookies can do to better manage their portfolios without outsourcing. She also walks you through the process of evaluating a multifamily property and even shows you how to execute a value-add strategy that brings bigger and faster returns! In This Episode We Cover: Asset management explained and why it's the differentiator for building wealth Skills you MUST cultivate to effectively manage your real estate portfolio Three things ALL rookies can do to become better asset managers How to evaluate a multifamily investment property (step by step) Key differences between asset management and property management How to create and execute a value-add strategy for any property And So Much More! Links from the Show Ashley's BiggerPockets Profile Tony's BiggerPokckets Profile Become a BiggerPockets PRO Member and Get RentRedi for $1 Join BiggerPockets for FREE Buy the Book “The Multifamily Millionaire, Volume 1" Property Manager Finder See Ashley and Tony at BPCON2024 in Cancun! BiggerPockets Real Estate - Episode 412: Start Investing in Large Multifamily? How to Do It, and Why (or Why Not) with Ashley Wilson Connect with Ashley Wilson (00:00) Intro (00:53) Asset Management 101 (09:58) Essential Skills for Asset Managers (16:27) 3 Keys to Asset Management (20:53) How to Evaluate Multifamily (29:08) Executing a Value-Add Strategy (35:50) Don't Get Comfortable! (38:25) Connect with Ashley! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-443 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

This week we're talking with a very special guest - Jennifer Barnwell, President of Curator Hotel and Resort Collection. In our conversation, we talk about raising your hand and speaking up for career growth, work-life integration, and leading with laughter! About Jennifer Barnwell Jennifer Barnwell is President of Curator Hotel & Resort Collection. Launched in November 2020, Curator provides lifestyle hotels the power to compete together while allowing its members the freedom to retain what makes their hotels unique.  Before moving over to Curator, Barnwell was Senior Vice President of Asset Management of Pebblebrook Hotel Trust, a leading real estate investment trust, which was formed and went public in late 2009.  She oversaw hotels on the west coast in San Francisco and Los Angeles and had a team of three Asset Managers reporting to her. Prior to joining Pebblebrook Hotel Trust, Barnwell was Senior Vice President of Peninsula Real Estate LLC, a private real estate investment fund based in New York. While at Peninsula Real Estate LLC, she was involved in all aspects of the fund including formation, acquisitions, and asset management. Previously, Barnwell was Vice President of Tishman Hotel & Realty LP where she was involved in Tishman Hotel & Realty's many activities including acquisitions, management, asset management, development, and brokerage.  Jennifer holds a B.S. from The School of Hotel Administration of Cornell University, graduating with Distinction.  Barnwell currently serves on the Board of the Boutique Lifestyle Leaders Association (BLLA). Contact Jen LinkedIn: @jennifer-barnwell-a8689ba

On this episode of Ropes & Gray's California Law for Asset Managers podcast series, asset management partner Catherine Skulan is joined by data, privacy & cybersecurity partner Ed McNicholas to discuss recent developments in California privacy law. California's privacy laws can implicate a wide range of managers—from those based in the state to those that simply have California investors. Catherine and Ed delve into the implications for asset managers of the California Consumer Privacy Act (CCPA) of 2020 and its amending legislation, the California Privacy Rights Act (CPRA), which became enforceable for violations after July 1, 2023. 

Host Stewart Foley, CFA, sits down with Tim Lyne, CEO and founding partner of Antares Capital. Tim shares his journey from growing up in Chicago to founding a leading direct lending firm. He reflects on the early days of Antares Capital, the challenges and rewards of starting a financial firm, and the evolution of the direct lending market.   Tim discusses the complexities of insurance asset management, highlighting the importance of navigating asset allocation, regulatory environments, and capital relief. He also shares his thoughts on why insurance asset management is the most sophisticated field in finance and provides valuable insights into building strategic partnerships with insurance companies.   Stewart and Tim explore the current trends in M&A, the growing acceptance of private credit by insurance companies, and Antares' approach to building its insurance business. Listeners will gain a deeper understanding of the direct lending market, the role of insurance capital, and the importance of reliability and long-term relationships in the industry.

Asset managers today like Blackstone and BlackRock own our roads, our water, schools, homes, farmland and hospitals.  This week on the Heartland Labor Forum we'll talk to Brett Christophers, author […] The post Why Asset Managers Own the World and Presente! appeared first on KKFI.

In this episode, Sarah Gulla and Justin Epps from the Hospitality Asset Managers Association join us to discuss into the role of hotel asset managers in the hospitality ecosystem - and the results of a recent industry outlook survey they conducted.What You'll Learn:Role of Hotel Asset Managers: Understand the pivotal role hotel asset managers play in influencing behaviors, managing managers, and setting strategic directions for hotel investments.Hospitality Asset Managers Association: Discover the Hospitality Asset Managers Association's mission and activities, including its membership criteria, educational resources, and networking opportunities.Industry Outlook: Get insights from the association's latest industry outlook report, including current trends, economic conditions, and performance metrics within the hospitality sector.Challenges and Solutions: Learn about the challenges hotel asset managers face, such as rising expenses and labor costs, and explore potential solutions including technology adoption and best practices sharing.Networking and Collaboration: Hear about the importance of networking and collaboration within the industry to share best practices and find innovative solutions to common problems.Thoughts, questions, suggestions? Send me a text messageThis episode is brought to you with support from Sojern. I teamed up with Sojern to study how hoteliers use data to drive revenue and build stronger guest relationships. You can see what we found in this research report: How Hotel Brands Are Using First-Party Data to Drive Revenue & Build Stronger Relationships. Want to get my summary and actionable insights from each episode delivered to your inbox each day? Subscribe here for free.Follow Hospitality Daily and join the conversation on YouTube, LinkedIn, and Instagram.Music by Clay Bassford of Bespoke Sound: Music Identity Design for Hospitality Brands

Designing a robust portfolio requires considerable expertise, data, and experience. And while there are plenty of published articles that can guide how you build your portfolio, they are not investment solutions by themselves. Wei Dai is the Head of Investment Research and Vice President at Dimensional Fund Advisors, and she joins us today for a comprehensive and informative conversation on portfolio design for higher returns. Her background includes a Doctor of Philosophy degree in Statistics, Operations research, and Financial Engineering from Princeton. She has also earned a bachelor's degree in mathematics and applied mathematics from Zhejiang University. Her work has been published in multiple journals, including The Financial Analysts Journal. She has also collaborated on articles with esteemed figures such as Professor Robert C. Merton and Robert Novy-Marx. In our conversation with Wei, we explore the contents of these articles, key findings from research conducted by Dimensional Fund Advisors, and how they are implementing this knowledge in their portfolios. We discuss the fundamental aspects of portfolio design, like expected return, risk, and costs, with Wei providing a detailed breakdown of each subject. There's a lot to be learned from today's conversation, and while things get pretty technical, you are in very capable hands! Tune in for a fascinating dive into the latest research on portfolio design and much more.   Key Points From This Episode:   (0:03:37) The main risk premiums that Dimensional Fund Advisors target in their portfolios. (0:05:42) How long-term drivers of returns vary across different regions: an overview of the tests and outcomes they've seen at Dimensional Fund Advisors. (0:07:15) Unpacking whether the value premium differs from the profitability premium across regions; why it makes sense to be globally diversified. (0:08:57) Typical approaches to a multi-premium strategy in a portfolio: a rundown of the three approaches they take at Dimensional and the trade-offs between each. (0:13:44) How they evaluate portfolios at Dimenstional: the benefits of taking a holistic, integrated approach, and instances where that doesn't make sense. (0:17:24) Weighting schemes: Dimensional's approach to assigning individual security weights to achieve the desired level of exposure and how investments factor into weights. (0:26:46) Advice on how investors should decide whether to currency hedge their foreign asset exposures, and insights on how to approach currency hedging. (0:30:42) Premium timing: Why timing exposure to premiums is so tempting; parameters that must be defined to implement timing strategies; and which strategies worked in their research. (0:39:21) Valuation ratios: why it theoretically makes sense that they would be related to differences in expected returns and why they aren't useful in timing premiums. (0:42:11) An overview of the main implications for pursuing premiums that arise from Dimensional's research. (0:44:10) Diversification and how to improve your odds of capturing return premiums. (0:46:38) The tradeoff between concentration and expected returns, and defining the optimal balance. (0:49:06) What investors should look for when choosing a systematic investment manager, why not all systematic strategies are created equal, and Dimemsional's approach. (0:52:52) The downsides of performance fees, specifically for systematic managers and what it was like writing a paper with Robert Merton. (0:57:41) How short-term reversals differ from momentum, ways that reversals are related to liquidity, and how reversals vary across different stocks. (01:03:12) The ways that Dimensional is implementing this knowledge in their portfolios; how their ideas go from research to publication to implementation. (01:08:18) What sets Dimensional apart, and the value that they add, despite their research being available online.   Links From Today's Episode: Rational Reminder on iTunes — https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582. Rational Reminder Website — https://rationalreminder.ca/  Rational Reminder on Instagram — https://www.instagram.com/rationalreminder/ Rational Reminder on X — https://twitter.com/RationalRemind Rational Reminder on YouTube — https://www.youtube.com/channel/ Rational Reminder Email — info@rationalreminder.caBenjamin Felix — https://www.pwlcapital.com/author/benjamin-felix/  Benjamin on X — https://twitter.com/benjaminwfelix Benjamin on LinkedIn — https://www.linkedin.com/in/benjaminwfelix/ Cameron Passmore — https://www.pwlcapital.com/profile/cameron-passmore/ Cameron on X — https://twitter.com/CameronPassmore Cameron on LinkedIn — https://www.linkedin.com/in/cameronpassmore/ Wei Dai on Linkedin — https://www.linkedin.com/in/wei-dai-64a3071a/ Wei Dai's Academic Papers — https://papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=2888456 Dimensional Fund Advisors — https://www.dimensional.com/ Episode 234: Prof. Robert C. Merton — https://rationalreminder.ca/podcast/234   Papers From Today's Episode:  Assessing the Relative Magnitude of Premiums — https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3981766 Pursuing Multiple Premiums: Combination vs. Integration — https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3793594 Weighting for the Right One: Weighting Scheme Design for Systematic Equity Portfolios — https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4016481 To Hedge or Not to Hedge: A Framework for Currency Hedging Decisions in Global Equity & Fixed Income Portfolios — https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3703333 Another Look at Timing the Equity Premiums — https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4586684 Premium Timing with Valuation Ratios How Diversification Impacts Investment Outcomes: A Case Study on Global Large Caps How Diversification Impacts the Reliability of Outcomes — https://carlsoncap.com/wp-content/uploads/DFA_-How-Diversification-Impacts-the-Reliability-of-Outcomes.pdf  On the Valuation of Performance Fees and Their Impact on Asset Managers' Incentives — https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3686987 Reversals and the returns to liquidity provision — https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4339591

Watch Alix and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.Alison Williams, Bloomberg Intelligence Senior Analyst, Global Banks and Asset Managers, discusses JPMorgan Chase's investor day. Dana D'Auria, Co-Chief Investment Officer, at Evestnet, discusses her outlook for the markets. Bobby Ghosh, Bloomberg News Senior Editor, discusses the latest news out of Iran, along with his key findings from last week's Qatar economic forum. Mike McGlone, Bloomberg Intelligence Senior Commodity Strategist, discusses the latest commodities news. Edward Norton, Co-Founder of Zeck, discusses starting a company to fix board meetings.Hosts: Paul Sweeney and Alix Steel See omnystudio.com/listener for privacy information.

In this week's episode of the ESG Insider podcast, we bring you coverage of the annual S&P Global Sustainable1 Summit held in London on May 8.   We sit down with panelists on the sidelines of the event to discuss key conference themes, including data challenges related to climate, nature and the energy transition; the role that technology and innovation can play in addressing these challenges and the potentially transformative role of AI; and the challenge of sustaining economic growth in emerging markets while accelerating the transition.    "We don't have enough actual innovation, we don't actually have enough quantum of finance going into developing countries," says Sagarika Chatterjee, Climate Finance Director and Finance Lead for the UN Climate Change High-Level Champions. "This is absolutely critical because this is where a lot of the emissions is going to come from. We can't change the past and the energy system of the past, but we can try to change the carbon that we have in future.”    For emerging markets and developing countries, "the lack of data is the biggest problem," says Budha Bhattacharya, Head of Systematic Research at Lombard Odier Investment Managers. If companies in developing economies embrace sustainability, "a huge amount of capital unlocks," he tells us.    Christopher Johnstone, a partner at management consultant Oliver Wyman, highlights the need for more asset-specific data to understand how companies will be impacted by climate change and biodiversity loss, and he explains the role AI could play here. He also talks to us about how approaches to sustainability are evolving around the world.    "Historically people have seen the climate, sustainability or the ESG agenda as being a very Western agenda," Christopher says. "What I am more and more seeing is this is a core topic across lots of different emerging market economies — even a large number of economies that would traditionally be seen as oil-based. They see the energy transition as actually being a key economic enabler and a growth lever as they look to move away from oil over time."    Listen to our interview from the S&P Global Sustainable1 Summit with International Sustainability Standards Board Vice Chair Sue Lloyd: https://www.spglobal.com/esg/podcasts/issb-vice-chair-sue-lloyd-talks-aligning-sustainability-standards-across-jurisdictions      Less than half of the leading listed companies in the US have a net-zero target, according to the S&P Global Sustainable1 Net-Zero Commitments Tracker dataset. Read the research: https://www.spglobal.com/esg/insights/featured/special-editorial/net-zero-commitments-are-still-the-exception-for-top-us-companies-not-the-rule      Read our research that uses the S&P Global Sustainable1 Nature & Biodiversity Risk Dataset to assess nature-related impacts and dependencies across a company's direct operations: https://www.spglobal.com/esg/insights/featured/special-editorial/how-the-world-s-largest-companies-depend-on-nature-and-biodiversity     Read research that uses the S&P Global Sustainable1 Physical Risk Exposure Scores and Financial Impact dataset to quantify the financial costs of climate change physical risks for companies: https://www.spglobal.com/esg/insights/featured/special-editorial/quantifying-the-financial-costs-of-climate-change-physical-risks    We'll be back next week with more coverage from the S&P Global Sustainable1 Summit in London. The next leg of the Summit will take place in Tokyo on June 6. Learn more here: https://www.spglobal.com/esg/events/summit-2024     This piece was published by S&P Global Sustainable1, a part of S&P Global.    Copyright ©2024 by S&P Global    DISCLAIMER    By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.    S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST. 

Watch Alix and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.On this week's podcast, Geetha Ranganathan, Bloomberg Intelligence Analyst on US Media, joins to discuss Disney earnings. Michael Shepard, Bloomberg News Senior Editor, discusses Intel's revenue forecast. Mandeep Singh, Bloomberg Intelligence Senior Tech Industry Analyst, discusses Apple's iPad launch. Matthew Schettenhelm, Bloomberg Intelligence Media Litigation Analyst, talks about the latest TikTok news. Alison Williams, Bloomberg Intelligence Senior Analyst, Global Banks and Asset Managers, talks about 2024 bonuses on Wall Street. Jennifer Bartashus, Bloomberg Intelligence Senior Analyst, Retail Staples & Packaged Food, discusses earnings from Tyson Foods.The Bloomberg Intelligence radio show with Paul Sweeney and Alix Steel podcasts through Apple's iTunes, Spotify and Luminary. It broadcasts on Saturdays and Sundays at noon on Bloomberg's flagship station WBBR (1130 AM) in New York, 106.1 FM/1330 AM in Boston, 99.1 FM in Washington, 960 AM in the San Francisco area, channel 121 on SiriusXM, www.bloombergradio.com, and iPhone and Android mobile apps. Bloomberg Intelligence, the research arm of Bloomberg L.P., has more than 400 professionals who provide in-depth analysis on more than 2,000 companies and 135 industries while considering strategic, equity and credit perspectives. BI also provides interactive data from over 500 independent contributors. It is available exclusively for Bloomberg Terminal subscribers.See omnystudio.com/listener for privacy information.

John is joined by C. Dabney O'Riordan, partner in Quinn Emanuel's Los Angeles and DC offices and longest-serving leader of the SEC's Asset Management Unit, who left the agency last year.  They discuss the actions an asset manager can take if it identifies a potential issue to minimize its risk of an SEC investigation or enforcement action.  Among the actions they discuss for consideration include stopping the conduct and implementing remedial measures such as updating internal policies and procedures, providing additional training to staff, considering hiring a compliance consultant, and making remedial payments if appropriate.Podcast Link: Law-disrupted.fmHost: John B. Quinn Producer: Alexis HydeMusic and Editing by: Alexander Rossi

Watch Alix and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.Alison Williams, Bloomberg Intelligence Senior Analyst, Global Banks and Asset Managers, discusses Bank of America and Morgan Stanley earnings. David Crane, Under Secretary for Infrastructure, at the U.S Department of Energy (DOE) discusses a recent grid modernization report launched by the DOE. Pedro Pizarro, Edison President and CEO, talks about Edison modeling for a net-zero economy by 2045. Amanda Peterson Corio, Global Head of Data Center Energy at Google, discusses the company's initiative with Microsoft and Nucor, along with a new approach to buying and selling clean energy co-developed with LevelTenEnergy. Ethan Zindler, Climate Counselor at the US Department of Treasury, talks about what the U.S Treasury is doing on climate risk.Hosts: Paul Sweeney and Alix SteelSee omnystudio.com/listener for privacy information.

Watch Alix and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.Alex Longley, Bloomberg Oil Trader Reporter, discusses oil prices jumping as Israel braces for a possible attack from Iran. Joanne Hsu, University of Michigan Surveys of Consumers Director, discusses the latest consumer sentiment data. Alison Williams, Bloomberg Intelligence Senior Analyst, Global Banks and Asset Managers, discusses U.S bank earnings. Hessam Nadji, CEO of Marcus & Millichap, joins to discuss recent U.S economic data, and the latest in commercial real estate. Aaron Jagdfeld, CEO of Generac (NYSE:GNRC) discusses the growing imbalance of energy supplyHosts: Alix Steel and Molly SmithSee omnystudio.com/listener for privacy information.

Watch Alix and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.Alison Williams, Bloomberg Intelligence Senior Analyst, Global Banks and Asset Managers, talks about Jamie Dimon's Annual Letter, and looks ahead to this week's bank earnings. Ryan Fisher, Bloomberg BNEF EV Charging Team Leader, talks about how EV charging companies are finally turning a profit. Ann Berry, Founder and Managing Partner at Threadneedle, discusses the latest on the markets.Julie Fine, Bloomberg Texas Bureau Chief, discusses today's solar eclipse in North America. Walter Todd, President, Chief Investment Officer, and Managing Director at Greenwood Capital, discusses his market outlook.Hosts: Paul Sweeney and Alix SteelSee omnystudio.com/listener for privacy information.

On this episode of Ropes & Gray's California Law for Asset Managers podcast series, Josh Lichtenstein, a benefits partner and head of the ERISA fiduciary practice, and Catherine Skulan, an asset management partner, further discuss the ESG landscape in California, including its climate-related disclosure regime as well as a fossil fuel divestment bill, which remains pending in the legislature, but if adopted, would impact managers overseeing state pension assets.

"Nobody believed we would make it" admits Swivvl founder as the company turns profitable, but critics still say the startup raised and spent too much. Plus, profits of Lazurde have dropped but it still recommends paying dividends, Abu Dhabi is drawing increased interest from asset managers, Cafu is going through a PR crisis, and two fierce rivals have united for a power project

In today's interview, Cathie Wood from ARK Invest and Ophelia Snyder from 21 Shares join Jason to discuss the journey from monetary shock to an innovation-led economic boom. They dive into the importance of wirehouses for crypto adoption, the demand outlook for Bitcoin and Ethereum ETFs, and the likelihood of seeing ETFs for alt coins in the near future. Kathy shares her views on the misallocation of capital post the 2008 financial crisis and why volatility is part of the price paid for exposure to the new asset class of crypto. Ophelia provides insights into running crypto ETFs and the regulatory landscape around getting them approved. Stay tuned for all of this and much more! - - Follow Cathie: https://twitter.com/cathiedwood Follow Ophelia: https://twitter.com/OpheliaBSnyder Follow Jason: https://twitter.com/JasonYanowitz Follow Santiago: https://twitter.com/santiagoroel Follow Empire: https://twitter.com/theempirepod Subscribe on YouTube: https://tinyurl.com/4fdhhb2j Subscribe on Apple: https://tinyurl.com/mv4frfv7 Subscribe on Spotify: https://tinyurl.com/wbaypprw Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter & the newly launching Empire newsletter! https://blockworks.co/newsletter/ https://empire-31ed59.beehiiv.com/subscribe - - Wormhole is a decentralized interoperability platform powering multi-chain applications and bridges. It provides developers with access to liquidity and users on over 30 leading blockchain networks, enabling use cases in DeFi, data queries, and governance. The platform is trusted by teams like Uniswap and Circle and, to date, the platform has facilitated the transfer of over 35 billion dollars through over 850 million cross-chain messages. Claim your unique Wormhole NFT at https://wormhole.com/empire11-3411 - - Monad is a fully EVM compatible Layer 1 blockchain that can support 10,000 real transactions per second. Monad aims to open up the design space for the EVM to support high fidelity defi, consumer facing applications, and more generally allow crypto to scale to the masses. If you are interested in participating in Monad's journey, follow: https://twitter.com/monad_xyz and join: https://discord.gg/monad - - Shardeum is an EVM-based autoscaling blockchain Learn more and spin up your node today: bit.ly/shardeum-blockworks-1 - - Get the freshest price feeds free for 12 months. Join Supra's early integration program for zero-cost access to the fastest oracles and dVRF across 50+ blockchains: supra.com/blockworks Earn $1,500 by referring Web3 projects to use Supra services. The projects get the fastest services for free, and you earn $1,500 for every referral. Learn more at the link above. - - Timestamps (00:00) Intro (02:13) Monetary Shock to Economic Boom (14:21) Asset Managers & Crypto Adoption (23:12) Explaining Crypto (33:16) Wormhole Ad (34:41) Monad Ad (35:41) Shardeum Ad (36:36) Supra Ad (37:33) Importance of Wirehouses (47:54) ETH & Alt Coin ETF Demand - - Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.

Watch Alix and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF. Robinhood Markets CEO and Co-Founder Vlad Tenev, discusses the company's new credit card. Matthew Palazola, Bloomberg Intelligence Senior Analyst, P&C Insurance, discusses how reinsurers could bear the brunt of Baltimore bridge collapse claims. Jody Lurie, Bloomberg Intelligence Credit Analyst, joins the program to break down Carnival earnings. Alison Williams, Bloomberg Intelligence Senior Analyst, Global Banks and Asset Managers, talks about how UBS will sell $8 Billion in loans to Apollo. Erik Larson, Bloomberg Legal Reporter, discusses his Big Take piece: “Donald Trump Is Richer Than Ever — Yet Still Strapped For Cash.”Hosts: Paul Sweeney and Bailey LipschultzSee omnystudio.com/listener for privacy information.

Listeners of the Rhodes Center Podcast have probably heard of companies like Black Rock, State Street and Vanguard. You've also probably heard how, through ETFs and other investment products, these types of investment firms own a staggering share of the world's biggest companies (20-25% of the S&P 500 by some estimates). But in this episode, you'll hear about a whole other side of asset management; one that's more opaque, and possibly much more influential (and corrosive) to our daily lives. Brett Christophers is a geographer and professor at Uppsala University's Institute for Housing and Urban Research, and author of the new book “Our Lives in Their Portfolios: Why Asset Managers Own the World.” In it, he explains how asset management companies like Blackstone and Macquarie Asset Management do more than passively own shares. Over the last few decades, they've begun to invest in and actively run a growing portion of our infrastructure and essential services: hospitals, care homes, water treatment plants, bridges and even parking meters. On this episode, he talks with Mark Blyth about the economics of this new subspecies of asset management, and how they've begun to reshape our society, economy and planet in ways we don't fully understand. Learn about and purchase “Our Lives in Their Portfolios: Why Asset Managers Own the World”Learn more about other podcasts from the Watson Institute at Brown UniversityTranscript coming soon to our website

European Commision president Ursula von der Leyen says Europe's military needs to step up and two of the world's biggest asset managers are quitting an investor group set up to prod companies over global warming. Plus, big food companies are jumping into new farming practices meant to store carbon underground, but there are significant hurdles. Mentioned in this podcast:Von der Leyen calls on EU to subsidise defence productionJPMorgan and State Street quit climate group as BlackRock scales backThe dubious climate gains of turning soil into a carbon sinkHedge fund stampede into cocoa futures fuels record price spikeThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT's executive producer. The FT's global head of audio is Cheryl Brumley. The show's theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Unlocking Access to Top Asset Managers: The Securitize Story with Jamie Finn by Tearsheet

#tokenization #digitalassets #securitytoken   Tune in to this episode of the Security Token Show where this week Herwig Konings, Kyle Sonlin & Jason Barraza cover the industry leading headlines and market movements, including the announcement of TokenizeThis 2024!   Company of the Week - Herwig: UBS Tokenize: https://www.ubs.com/global/en/investment-bank/tokenize.html    Company of the Week - Kyle: Rialto Markets: https://rialtomarkets.com/     = Stay in touch via our Social Media = Kyle: https://www.linkedin.com/in/kylesonlin/  Herwig: https://www.linkedin.com/in/herwigkonings/ Jason: https://www.linkedin.com/in/jasonbarraza/  Opinion articles, interviews, and more: https://medium.com/security-token-group  Find the video edition of this episode on our Youtube Channel: https://www.youtube.com/c/securitytokenmarket    All articles that were discussed were sourced from https://STOmarket.com/news     Check out our medium blog for more news!   Token Debrief   Obligate Partners with Archax for Onramp and Custody: https://obligate.medium.com/obligate-and-archax-announce-strategic-partnership-to-enhance-accessibility-to-digital-assets-76c543a91efc   Rialto Markets' Q1 Special: No Commissions on RegCF and RegA Offerings: https://www.linkedin.com/posts/rialto-markets_rialto-markets-is-offering-zero-commissions-activity-7160656091972857859-NqmT?utm_source=share&utm_medium=member_desktop   Hashnote Partners with Copper for Custody of USYC: https://www.coindesk.com/tech/2024/02/05/hashnotes-us-treasuries-token-now-available-through-crypto-custodian-copper/   WisdomTree Covers Tokenization Advantages for Asset Managers on Earnings Call: https://www.ledgerinsights.com/wisdomtree-tokenization-asset-manager-usability/   New Tokenized Carbon Credits Platform - Neutral: https://www.coindesk.com/business/2024/02/06/a-crypto-carbon-credits-exchange-is-created-in-germany/   Anchorage Digital and FusionIQ Offer RIAs Crypto and Alternatives in One Platform: https://www.anchorage.com/insights/anchorage-digital-and-fusioniq-partner-offer-regulated-crypto-financial-advisors-institutions BitGo Acquires Brassica:  https://blockworks.co/news/bitgo-acquisition-for-tokenization  New Polymesh Node Operator: Black Manta Capital: https://polymesh.network/blog/black-manta-capital-onboards-as-node-operator-to-secure-and-support-the-polymesh-blockchain   The Market Movements   UBS Issues First Ever Tokenized Call Warrant with OSL: https://www.ledgerinsights.com/ubs-tokenized-warrant-ethereum-blockchain/    Prometheum Launches Custody Service, Starting with ETH: https://www.businesswire.com/news/home/20240207966185/en/Prometheum-Announces-Custodial-Services-for-Ether-ETH-Opens-Account-Sign-Up-For-Institutional-Clients    Ondo Finance USDY Now on SUI Blockchain: https://www.theblock.co/post/276334/ondo-finances-us-treasury-backed-stablecoin-expands-to-sui  Hong Kong's $756M Digital Green Bond: https://www.hkma.gov.hk/eng/news-and-media/press-releases/2024/02/20240207-6/  = Check out our Companies = Security Token Group: http://securitytokengroup.com/  Security Token Advisors: http://www.securitytokenadvisors.com/  Security Token Market: https://stm.co InvestReady: https://www.investready.com   ⏰ TABLE OF CONTENTS ⏰ 0:16 Introduction 1:36 Special Announcement: STM Announces TokenizeThis 2024 5:57 The Token Debrief 20:47 The Market Movements 31:59 Companies of The Week: UBS Tokenize, Rialto Markets

Watch Alix and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.Geetha Ranganathan, Bloomberg Intelligence Analyst on US Media, joins to recap Disney earnings. Alison Williams, Bloomberg Intelligence Senior Analyst, Global Banks and Asset Managers, discusses UBS earnings. Steve Man, Bloomberg Intelligence Global Autos and Industrials Research Analyst, joins to talk about Tesla stoking fears of layoffs. Christopher Ciolino, Bloomberg Intelligence Senior US Machinery Analyst, discusses Caterpillar earnings. Michael Halen, Bloomberg Intelligence Senior Restaurant and Foodservice Analyst, talks about why Mideast war is hurting McDonalds sales. Deborah Aitken, Bloomberg Intelligence Senior Analyst: Global Luxury Goods, Home, Beauty and Personal Care, discusses Estee Lauder plans to cut up to 5% of its workforce.The Bloomberg Intelligence radio show with Paul Sweeney and Alix Steel podcasts through Apple's iTunes, Spotify and Luminary. It broadcasts on Saturdays and Sundays at noon on Bloomberg's flagship station WBBR (1130 AM) in New York, 106.1 FM/1330 AM in Boston, 99.1 FM in Washington, 960 AM in the San Francisco area, channel 121 on SiriusXM, www.bloombergradio.com, and iPhone and Android mobile apps. Bloomberg Intelligence, the research arm of Bloomberg L.P., has more than 400 professionals who provide in-depth analysis on more than 2,000 companies and 135 industries while considering strategic, equity and credit perspectives. BI also provides interactive data from over 500 independent contributors. It is available exclusively for Bloomberg Terminal subscribers.See omnystudio.com/listener for privacy information.

Watch Alix and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.Alison Williams, Bloomberg Intelligence Senior Analyst, Global Banks and Asset Managers, joins to discuss UBS earnings. George Ferguson, Bloomberg Intelligence Senior Aerospace, Defense, and Airlines Analyst, discusses FAA Administrator Mike Whitaker's Capitol Hill testimony. Wendy Benjaminson, Bloomberg Washington Senior Editor, discusses Trump being denied immunity in a DC election case. David Bahnsen, Chief Investment Officer at the Bahnsen Group, discusses his outlook for the markets. Sylvia Jablonski, CEO and CIO of Defiance ETFs, discusses her outlook for the markets in 2024. Hosts: Paul Sweeney and Alix SteelSee omnystudio.com/listener for privacy information.

Adam Schwab manages $1b in alternatives and $700m pension assets for Modern Woodman of America. He joins todays show to share his opinions about conferences and events. We break down 12 ways that conferences can be improved for everyone involved -- Investors, Asset Managers that Sponsor, and event organizers themselves. https://adamdschwab.com/articles/conferences

Show host and CEO of Bull Realty Michael Bull discusses strategies for succeeding in 2024's commercial real estate market. Lument - Lending is more than a loan: https://www.lument.com/ Bull Realty - Customized Asset & Occupancy Solutions: https://www.bullrealty.com/ Commercial Agent Success Strategies - The ultimate commercial broker training resource: https://www.commercialagentsuccess.com/ Watch the video versions of our show on YouTube! https://www.youtube.com/c/Commercialrealestateshow Follow us at: @BullRealty https://twitter.com/bullrealty @CRE_show https://twitter.com/CRE_show

How is the financial services sector, often seen as a bellwether for the economy, coping with inflation, interest rates, and greater regulatory pressures? Goldman Sachs Research's Richard Ramsden and Alex Blostein discuss their outlook for banks and asset managers. 

The asset management and wealth management sectors could see AI boost efficiency in the short term and drive alpha in the medium to long term.----- Transcript -----Mike Cyprys: Welcome to Thoughts on the Market. I'm Mike Cyprys, Morgan Stanley's Head of U.S. Brokers, Asset Managers and Exchanges Team. Bruce Hamilton: And I'm Bruce Hamilton, Head of European Asset Management and Diversified Financials Research. Mike Cyprys: And on this special episode of the podcast, we'll talk about what the Generative A.I Revolution might mean for asset and wealth managers. It's Tuesday, October 17th at 10 a.m. in New York. Bruce Hamilton: And 3 p.m. in London. Mike Cyprys: My colleagues and I believe that Generative A.I is a revolution rather than simply an evolution and one that is well underway. We think Gen A.I, which differs from traditional A.I in that it uses data to create new content, will fundamentally transform how we live and work. This is certainly the case for asset and wealth management, where leading firms have already started deploying it and extracting tangible benefits from Gen A.I across an array of use cases. Bruce, what has been the initial focus among firms that have successfully deployed Gen A.I so far? And, something that has been top of mind for most of us, is Gen A.I replacing human resources? Bruce Hamilton: So Mike, clearly it's early days, but from our conversations with more than 20 firms managing over $20 trillion in assets, it seems clear that the immediate opportunities are mainly around efficiency gains rather than top-line improvements. However over time, as these evolve, we expect that this can drive opportunity for top-line also. All firms we spoke with see the importance of humans in the loop given risks, so A.I as copilot and freeing up resource for more value added activities rather than replacing humans. Mike Cyprys: What are some of the top most priorities for firms already implementing Gen A.I? And in broad terms, how are they thinking about integrating Gen A.I within their business models? Bruce Hamilton: So opportunities are seen across the value chain in sales and client service, product development, investment in research and middle and back office. Initial efficiency use cases would include drafting customized pitch or RFP reports and sales, synthesis of research and extraction of data in research, and coding in I.T.. Now Mike, specifically within the asset management space, there are two primary ways Gen A.I is disrupting. One is through efficiencies and two revenue opportunities. Can you speak to the latter? How would Gen A.I change or improve asset management? And do you believe it will truly transform the industry? Mike Cyprys: Absolutely. I think it can transform the industry because what's going to change how we live, how we work, and that will have implications across business models and the competitive landscape. I believe we're now at a A.I tipping point, just in terms of its ability to be deployed on a widespread basis across asset managers. The initial focus is overwhelmingly on driving efficiency gains and at the moment there's skepticism if Gen A.I can drive product alpha, but it should help with some of the maintenance tax around collecting and summarizing information and cleaning data. This should help release PM's of time to focus more on higher value idea generation and testing their ideas, which should help performance generation. I don't think it hurts. All in, we think this could result in up to 30% productivity gains across the investment functions. Bruce Hamilton: We've talked about how Gen A.I affects asset management. Do you think it can transform how financial advisers do their job and what kind of productivity gains are you expecting to see? Mike Cyprys: Financial advisors stand to benefit the most from Gen A.I because it should help liberate advisors time spent on routine or administrative tasks and allow them to focus more of their time on building deeper connections with clients and allowing them to service more clients with the same resources. And so that's how you get the revenue opportunity, by serving more clients and more assets. It's more of a copilot or tool that enhances human capabilities as opposed to replacing the human advisor. So on the wealth side, we do see more of a revenue opportunity for Gen A.I than we do on the asset management side in the near-to-medium-term. Use cases include collecting client information and interactive ways and summarizing those insights as well as proposing the next best actions and drafting engagement plans and talking points. All in, Gen A.I should help drive productivity improvements between 30 to 40% in the wealth sleeve. Bruce Hamilton: So Mike, what's your outlook for the next 3 to 5 years when it comes to the impact of Gen A.I on asset management? Mike Cyprys: It's really an expense efficiency play in the near to medium term for asset managers. But as you look out over the next 3-to-5 years, we could see a situation where A.I is embedded in a broader range of activities, from product development to portfolio management and trading areas, including trade optimization strategies, as well as brainstorming new product ideas tailored to client needs. Now in terms of assessing firms that are best placed, our qualitative assessment considers four main areas. First, there's firm scale and resources to allocate to both profitability and balance sheet capacity. Secondly, we consider a firm's in-house data and technology resources to drive change. Thirdly, are firms' access to proprietary datasets where it can leverage A.I capabilities. And finally, there's the strategic priority assigned to A.I. by management. Bruce Hamilton: But Mike, what are some of the risks and limitations of A.I technology when it comes to wealth management and specifically to financial advisors rather than to back office functions? Mike Cyprys: We see the risks falling into two categories. There's technological risks on one side that includes hallucinations that can result in poor decisions, as well as inability to trace underlying logic and the threat of cyber attack and fraud. Then on the other side, there's usage risks, which include data privacy, improperly trained models, as well as copyright concerns. We're seeing firms respond to these challenges by maintaining a ‘human in the loop' approach to A.I. adoption. That is a human is involved in the decision making process such that A.I operates with human oversight and intervention. Mike Cyprys: Bruce, thanks so much for taking the time to talk. Bruce Hamilton: Great speaking with you, Mike. Mike Cyprys: And thanks for listening. If you enjoy Thoughts on the Market, please leave us a review on Apple Podcasts and share the podcast with a friend or calling today.

Noelle Acheson, author of the Crypto is Macro Now newsletter, discusses Franklin Templeton's bitcoin spot ETF filing, prediction markets and jobs.Today's episode is sponsored by Kraken Pro.Today's Stories:Franklin Templeton Joins Spot Bitcoin ETF RaceGensler Hearing Shows Key Senate Democrat Digging in Heels on CryptoTop 100 Asset Manager Managers by Managed AUM - SWFIHow Much? How Long? Where's it Going? Prediction Markets is Now Live at BitMEXBitMEX's Prediction Market Is Now Live48.00 (P_XBTETFV23) Trade - BitMEXRipple Will Do 80% of Its Hiring This Year Outside the U.S: BloombergCoinbase Targets Regulatory Clarity in International Expansion PlanOPEC+ cuts, firm demand in Asia to lift Brent above $100/bbl by year-end -BofA | Reuters -From our sponsors:Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto.It's Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface.Head to pro.kraken.com and trade like a pro.Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax.-This episode was hosted by Noelle Acheson. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.