POPULARITY
Michael Choe is the CEO and Co-Head of Flagship private equity strategy at Charlesbank Capital Partners, a $22B manager of middle-market private equity, credit, and technology opportunities that spun out of the Harvard Management Company in 1998. Our conversation covers Mike's path from science to finance, including an immigrant story and a draw to decision-making at a young age. We discuss Charlesbank's history and aspiration to manufacture sound decision-making as a path to investment success, applying its “fan of outcomes” thinking to talent, research, diligence, sourcing, and company operations. Learn More Follow Ted on Twitter at @tseides or LinkedIn Subscribe to the mailing list Access Transcript with Premium Membership
David Salem has been a pioneer, practitioner and student of institutional investing for the last forty years. David was the founding president and CIO of The Investment Fund for Foundations (TIFF), which he led for nearly two decades until 2010. Since then, he has managed a multi-family office, worked and wrote alongside Ben Hunt at Epsilon Theory, and now serves as the Managing Director of Capital Allocation at Hedgeye Risk Management. Along the way, David worked closely with and distilled lessons from David Swensen, Jack Meyer in his time at Harvard Management Company, Charley Ellis, Chuck Feeney from Atlantic Philanthropies, and many other leading CIOs and managers. Our conversation covers David's journey to investing, including sitting alongside Jeremy Grantham during GMO's early growth stage and founding TIFF. We dive into manager selection, decision-making, investment committees, and risk management. We then turn to David's views on China, Japan, private equity, and digital assets. Throughout our conversation, David shares his profound understanding of the unique pressures faced by institutional investors and the principles that guide successful investment strategies and leadership in complex environments. Learn More Follow Ted on Twitter at @tseides or LinkedIn Subscribe to the mailing list Access Transcript with Premium Membership
In this episode, Ben sits down with Jeff Park, Head of Alpha Strategies at Bitwise. Jeff has had an illustrious career with a variety of roles at Morgan Stanley, Harvard Management Company, and Corbin Capital Partners before focusing his career on crypto and multi-manager solutions at Bitwise. Jeff's insight into the forthcoming Bitcoin Spot ETF is timely and informative. Moreover, his measured approach when evaluating actively traded strategies demonstrates his mastery of various methods of alpha generation. Tune in for insights into active and passive digital asset investment strategies. Resources Mentioned Bitcoin, Blockchain, and Crypto — by Matt Hougan David Swensen, Yale Endowment Model Binance Tri-Party Agreement Hidden Road's Route 28 Connect with the guest Bitwise https://bitwiseinvestments.com/ Follow Bitwise on Twitter/X https://twitter.com/BitwiseInvest Disclaimer Ben Jacobs is a partner at Scenius Capital Management. All views expressed by Ben and the guests of this podcast are solely their opinions and do not reflect the opinions of Scenius Capital Management. Guests and the host may maintain positions in the assets or funds discussed in this podcast. You should not treat any opinion expressed by anyone on this podcast as a specific inducement to make a particular investment or follow a particular strategy but only as an expression of their personal opinion. This podcast is for informational purposes only.
Dr. Mohamed El-Erian returns to the podcast to discuss the implications of the recent announcement of the expansion of BRICS, China's economy and possible spillover effects in the West, past forecasting of recession/stagflation, and the Fed's inflation target. We also discuss Mohamed's new book: "Permacrisis: A Plan to Fix a Fractured World" We begin the podcast with a conversation about the upcoming NFL season. To go straight to the discussion about the BRICS, the macro economy and global markets, begin listening at 17:00. Mohamed El-Erian is President of Queens' College at Cambridge University. He serves as part-time Chief Economic Advisor at Allianz and Chair of Gramercy Fund Management. He's a Professor at The Wharton School, he is a Financial Times contributing editor, Bloomberg Opinion columnist, and the author of two New York Times best sellers. He serves on the board of the National Bureau of Economic Research, and of Barclays and Under Armour. From 2007-2014, Mohammed was CEO/co-CIO of PIMCO and was chair of President Obama's Global Development Council. He also served two years as president and CEO of Harvard Management Company, the entity that manages Harvard's endowment. He has been chair of the Microsoft Investment Advisory Board since 2007. Book discussed in this episode: Permacrisis: A Plan to Fix a Fractured World -- https://www.barnesandnoble.com/w/books/1143921882?ean=9781398525610
Amy Falls is the CIO at Northwestern University, where she oversees the school's $14.2 billion endowment that supports university operations and funds about a quarter of the University's annual revenue. She also serves on the Board of Harvard Management Company, the Ford Foundation, Phillips Academy, and the Pete Peterson Foundation. Our conversation covers Amy's background and path to Northwestern, frameworks she learned along the way, and different challenges she faced in three different CIO seats. We then turn to her thoughts on manager selection, liquidity, and across asset classes, covering fixed income, private credit, private equity, public equity, and China. We close with Amy's insights from her experience working with investment committees and parallels between her passion for farming and investing. Show Notes 03:41 Background 04:41 Early career in international bond markets 12:26 Becoming Andover's first CIO 13:43 Navigating the GFC 19:51 Transition to Rockefeller University 23:13 Asset Allocation 26:57 Transition to Northwestern 28:57 Structuring the investment team 32:45 Selecting and reviewing managers 37:44 Investment frameworks 42:10 Decision-making processes 44:44 Private Credit 45:08 Private Equity 49:34 Public Equity 51:10 China 52:56 Navigating investment committees 54:57 Farming Learn More Follow Ted on Twitter at @tseides or LinkedIn Subscribe to the mailing list Access Transcript with Premium Membership
Is there any precedent for combating inflation that doesn't end in recession or depression? This is one of many questions we have for Dr. Mohamed El-Erian as we look ahead to 2023. What should we expect this year in the markets and the economy? Mohamed El-Erian is President of Queens' College at Cambridge University. He serves as part-time Chief Economic Advisor at Allianz and Chair of Gramercy Fund Management. He's a Professor at The Wharton School, he is a Financial Times contributing editor, Bloomberg Opinion columnist, and the author of two New York Times best sellers. He serves on the board of the National Bureau of Economic Research, and of Barclays and Under Armour. From 2007-2014, Mohammed was CEO/co-CIO of PIMCO and was chair of President Obama's Global Development Council. He also served two years as president and CEO of Harvard Management Company, the entity that manages Harvard's endowment. He has been chair of the Microsoft Investment Advisory Board since 2007. Essay discussed in this episode: "Not Just Another Recession: Why the Global Economy May Never Be the Same" https://www.foreignaffairs.com/world/not-just-another-recession-global-economy
Record inflation, another wake-up call out of Beijing, a new prime minister in the UK, overhang of supply chain shocks and massive fiscal and monetary stimulus from the pandemic, all against the backdrop of the Russia-Ukraine war, which shows no signs of abating. What are the economic implications of all this? What should Central Banks be doing? Dr. Mohamed El-Erian returns to the podcast. He is President of Queens' College at Cambridge University. Mohamed serves as part-time Chief Economic Advisor at Allianz and Chair of Gramercy Fund Management. He's a Professor at The Wharton School, he is a Financial Times contributing editor, Bloomberg Opinion columnist, and the author of two New York Times best sellers. He serves on several non-profit boards, including the NBER, and those of Barclays and Under Armour. From 2007-2014, Mohamed served as CEO/co-CIO of PIMCO. He worked at PIMCO for a total of fourteen years, and was chair of President Obama's Global Development Council. Mohamed also served two years as president and CEO of Harvard Management Company, the entity that manages Harvard's endowment. He has been chair of the Microsoft Investment Advisory Board since 2007.
Today's guest is Ryan Williams, Cadre's founder and executive chairman. Cadre is a tech-enabled commercial real estate investing platform backed by Goldman Sachs, Andreessen Horowitz, Ford Foundation, Harvard Management Company, Khosla Ventures, Thrive Capital, General Catalyst, and others. A native of Baton Rouge, Louisiana, entrepreneurship runs deep in Ryan's veins. In this episode, Ryan and Julia discuss his entrepreneurial journey and building that entrepreneurial muscle, from his time selling sports sweatbands as a teenager to first investing in real estate as a college student. With his college roommate, Ryan began his career in real estate investing in Atlanta during the 2008 subprime credit crisis. The pair purchased foreclosed properties using pooled funds from classmates and, in many cases, helped those families buy back the homes. After working at Goldman Sachs and Blackstone Group, Ryan launched Cadre, which sits at the intersection of finance, technology, and real estate. Ryan recognizes that real estate ownership is a significant driver of economic prosperity. Since its founding in 2014, Cadre has closed more than $5 billion in transactions, delivered a greater than 25% net average IRR, and returned more than $400 million to investors. His vision involves opening up more access to investing in commercial real estate.
Inflation hit a staggering 9.1% over the last 12 months, rising 1.3% for the month of June. The increases were “broad-based,” as the Bureau of Labor Statistics (BLS) put it, touching just about every aspect of our lives…especially food prices and energy prices. In anticipation of these new numbers, we invited Dr Mohamed El-Erian back to the podcast. He is President of Queens' College at Cambridge University. Mohamed serves as part-time Chief Economic Advisor at Allianz and Chair of Gramercy Fund Management. He's a Professor at The Wharton School, he is a Financial Times contributing editor, Bloomberg Opinion columnist, and the author of two New York Times best sellers. He serves on several non-profit boards, including the NBER, and those of Barclays and Under Armour. From 2007-2014, Mohammed served as CEO/co-CIO of PIMCO, which has over two trillion under management. He worked at PIMCO for a total of fourteen years, and was chair of President Obama's Global Development Council. He also served two years as president and CEO of Harvard Management Company, the entity that manages Harvard's endowment. He has been chair of the Microsoft Investment Advisory Board since 2007 Mohammed is expert in many domains when it comes to the financial markets and the macro economy, but especially - inflation.
Welcome back to Money Stories with LDT! I'm thrilled to partner with Howland Capital to introduce this new series that explores the importance of women's economic well-being. Today, we're joined by Carolyn Beatty, a tax manager at Howland Capital where she co-leads the tax division. A Certified Public Accountant, Carolyn currently focuses on tax preparation, tax reporting and corporate accounting at Howland Capital. Prior to joining Howland Capital, Carolyn managed the Tax and Reporting function for the Trust and Gifts Group at the Harvard Management Company and was a Senior Consultant at Deloitte in its Investment Management Advisory Services department. Learn more about Howland Capital: https://www.howlandcapital.com/
The Covid-19 recession technically ended in April 2020. At two months, it was one of the shortest economic recessions in history. Since then, we have experienced record inflation. Last summer, we sat down with Mohamed El-Erian, who was an early voice warning about the coming inflation, how to understand it, and what its implications could be. But were the inflationary trends already in place prior to the pandemic? Did the covid response policies of governments here and abroad accelerate those trends? And how do we unwind an inflationary cycle? Today we are reposting that conversation with. Dr Mohamed El-Erian is President of Queens' College, Cambridge University. He serves as part-time Chief Economic Advisor at Allianz and Chair of Gramercy Fund Management. He's a Professor at The Wharton School, he is a Financial Times contributing editor, Bloomberg Opinion columnist, and the author of two New York Times best sellers. He serves on several non-profit boards, including the NBER, and those of Barclays and Under Armour. From 2007-2014, Mohammed served as CEO/co-CIO of PIMCO, which has over two trillion dollars under management. He worked at PIMCO for a total of fourteen years, and was chair of President Obama's Global Development Council. He also served two years as president and CEO of Harvard Management Company, the entity that manages Harvard's endowment. He has been chair of the Microsoft Investment Advisory Board since 2007. He holds a master's degree and doctorate (economics) from Oxford and received his bachelor and master degrees from Cambridge University. Mohammed is expert in a lot of things when it comes to the financial markets and the macro economy, especially inflation. So he's going to help us make sense of the madness. Is this inflation transitory or is it here to stay for a while, and if so, what should we do about it?
Small and mid-sized farms in America have been dwindling for decades. Often these farms are bought up by larger conglomerates. One relatively recent example is Perdue's purchase of Niman Ranch. You can read my post about the buyout here and my concerns about CAFOs (Concentrated Animal Feeding Operations) taking over companies with higher standards of production. In the episode, we learn that it's not only Big Ag that's getting into the small farm business. Financial institutions have been in the farmland game for years. My co-host James Connelly interviews Madeleine Fairbairn, an Associate Professor of Environmental Studies at the University of California, Santa Cruz about her latest book. Fields of Gold: Financing the Global Land Rush explores the financialization of farmland and how financial institutions began treating farmland as investment opportunities. You can download the ebook for free here. James and Madeleine start their discussion in the 1970s with skyrocketing crop prices, quickly followed by overproduction and inflation, making farmland attractive to wealthy investors. This situation coupled with financial deregulation in the 80s and 90s caused changing mindsets in companies and consumers that now make finance a part of our everyday lives. Their conversation concludes with our current landscape where we see major investment companies like Harvard Management Company and TIAA owning huge swaths of farmland, often to the detriment of the local community. Tune in to learn more about: - Financialization and how it affects all areas of our lives - The Global Land Grab - The Shareholder Value Revolution - Congress's bipartisan measure to prevent institutions from taking over farmland and how those measures went away in the 1980s - California's water shortage problem - How Harvard Management Company bought a vineyard - The rise of ESGs (Environmental, Social, and Governance) or socially responsible investing - Madeleine's skepticism of ESGs Resources: Fields of Gold by Madeleine Fairbairn (free ebook) The Looting Machine: Warlords, Oligarchs, Corporations, Smugglers, and the Theft of Africa's Wealth by Tom Burgis Greta Krippner The Great Grain Robbery The Last Supper for Malthus: Part 1, Part 2, and Part 3 Perilous Bounty: The Looming Collapse of American Farming and How We Can Prevent It by Tom Philpott Connect with Madeleine: Website: Madeleine Fairbairn and UC AFTeR Project LinkedIn: Madeleine Fairbairn Email: mfairbai@ucsc.edu *** Episode Credits: Thank you to all who've made this show possible. Our hosts are Diana Rodgers and James Connelly. Our producer is Meg Chatham, and our editor is Emily Soape. And of course, we are grateful for our sponsors, Patreon supporters, and listeners. A big thanks to Nakano Knives for their support of my work and the podcast. I've been using their knives for a couple of years now and I love them. They are beautiful, easy to hold, and a fantastic value. And just in time for the holidays, you can use my offer code DIANA for 10% off plus get a $25 voucher toward your next purchase. Who doesn't love a new knife, right?
The renewed US domestic climate agenda will drive demand for green innovation and investments with new approaches to scaling up finance for climate-aligned sectors and infrastructure. According to a recent Princeton University study, Net Zero America, in order for the United States to achieve net zero greenhouse gas emissions economy-wide by 2050 it would require at least $2.5 trillion in upfront additional capital investment over the next decade. Yet, the cost for inaction and the impact on the environment, human health and the economy is immeasurable. What the broader financial community does now will help determine the fate of the planet on which humanity relies. This session will explore the innovations and pathways needed for the financial system to accelerate investments toward a zero-carbon economy. Speakers include: Amy Davidsen, Executive Director, North America, Climate Group Jonah Goldman, Managing Director, Breakthrough Energy Alexandra Liftman, Global Environmental Executive, Bank of America Mindy Lubber, CEO & President, CERES Susan Mac Cormac, Principle, Chair of Social Enterprise and Impact Investing Group and Co-Chair of Energy and Cleantech Group, Morrison & Forester, LLP Kathryn I. Murtagh Esq., Chief Compliance Officer & MD of Sustainable Investing, Harvard Management Company, Inc. Fiona Reynolds, CEO, PRI Anne Simpson, Managing Investment Director, Board Governance & Sustainability, CalPERS Dr Andrew Steer, CEO & President, Bezos Earth Fund Tom Steyer, Founder, Beneficial State Bank Jason Storah, CEO, Aviva Canada Marilyn Waite, Climate & Clean Energy Finance Program Officer, William and Flora Hewlett Foundation Climate Week NYC 2021
Hoy compartimos contigo, desde Nashville, Tennessee, en el marco de la celebración del Congreso de la Asociación Nacional de Parques y Recreación de los Estados Unidos, una entrevista con Elvis Cordova, vicepresidente de Política Pública y Defensoría de la NRPA. Conoce de cerca la historia de Elvis y su trabajo al frente de esta importante oficina que promueve la defensa de los parques urbanos en los Estados Unidos y la promoción de políticas públicas con los diferentes actores políticos del gobierno de este país. Además, te contamos algunos de los aspectos más interesantes que se vivieron en la celebración de este congreso, que después de más de año y medio de pandemia, pudo volver a reunir a más de 3,000 profesionales de parques y recreación. Semblanza Elvis Cordova. Es un ejecutivo con más de 15 años de experiencia en el desarrollo e implementación de desarrollando de soluciones para algunos de los desafíos más significativos y de alto perfil que enfrenta el sector público de EE.UU. Elvis es un gerente y estratega probado, experto en la construcción y gestión de coaliciones y la comunicación eficaz en diversos ámbitos. Elvis fue nombrado previamente por el presidente Barack Obama para servir en varios roles de liderazgo en el Departamento de Agricultura de los EE.UU. Supervisó programas de etiquetado de alimentos (incluyendo orgánicos y biotecnológicos), regulaciones de comercio internacional, programas de becas de investigación y educación, y la expansión de los sistemas alimentarios locales y regionales. También sirvió en el Grupo de Trabajo de la Casa Blanca para Puerto Rico, centrándose en el fortalecimiento de las asociaciones público-privadas. Elvis trabajó como miembro de la gerencia presidencial en la administración del crédito de las granjas y en el departamento de la energía de EE.UU. donde su trabajo abarcó energía alternativa, desarrollo económico, servicios financieros y asuntos públicos y del congreso. Fuera del gobierno federal, sus cargos incluyen el haber sido vicepresidente de Relaciones Públicas en Tzolkin Media Inc., Director de programas latinoamericanos en la Fundación para la Autosuficiencia, analista de gestión del Departamento de Parques y Recreación de la Ciudad de Nueva York, y consultor para las Naciones Unidas, donde se centró en las estrategias de desarrollo comercial para los mercados emergentes. Elvis comenzó su carrera como analista financiero en la Harvard Management Company. Elvis ha vivido en América Latina y Europa y habla inglés, español, portugués y francés. Ha recibido la Beca de Posgrado Woodrow Wilson, tiene una Maestría en Administración Pública de la Wagner Graduate School of Public Service de la Universidad de Nueva York y una Licenciatura en Justicia Penal de la Universidad del Noreste. También posee varios certificados profesionales de la Universidad de Harvard, la Universidad de Georgetown, la Universidad de California en Berkeley, la Universidad de Sevilla, la Universidad de Buenos Aires, la École Nationale des Travaux Publics de l'État y la Pontificia Universidad Católica.
Imagine determining the course of the American economy. Twelve people in the United States actually have that job. They sit on the Federal Reserve's Open Market Committee. Their votes affect hundreds of millions of people. And it's just one of their many responsibilities. Rob Kaplan is one of those twelve. How does he do it? He focuses on communication - no small task when you help lead one of the most tight-lipped institutions on the planet. In this episode, Host Gautam Mukunda speaks with Rob Kaplan, the President and CEO of the Federal Reserve Bank of Dallas, a giant institution responsible for everything from setting interest rates to keeping the economy growing at a steady pace to running a contest on economic analysis for high school students. Kaplan has a long and distinguished career in global finance, notably serving as the Vice Chairman of Goldman Sachs. He is the author of several bestselling books, and served ten years as a professor at Harvard Business School. “What do we do that's distinctive at the Fed? . . . We've got to be a thought leader and we've got to understand economic conditions. We have to be a leading citizen in our communities, and we have to track, retain and develop superb people.” Rob Kaplan Follow @GMukunda on Twitter or email us at WorldReimagined@nasdaq.com Books Referenced: What You Really Need to Lead: The Power of Thinking and Acting Like an Owner, by Robert S. Kaplan Guest Info: Rob Kaplan has served as the 13th president and CEO of the Federal Reserve Bank of Dallas since September 8, 2015. He represents the Eleventh Federal Reserve District on the Federal Open Market Committee in the formulation of U.S. monetary policy and oversees the 1,200 employees of the Dallas Fed. Kaplan was previously the Martin Marshall Professor of Management Practice and a Senior Associate Dean at Harvard Business School. He is the author of several books, including What You Really Need to Lead: The Power of Thinking and Acting Like an Owner; What You're Really Meant To Do: A Road Map for Reaching Your Unique Potential; and What to Ask the Person in the Mirror: Critical Questions for Becoming a More Effective Leader and Reaching Your Potential. Prior to joining Harvard in 2006, Kaplan was vice chairman of The Goldman Sachs Group, Inc. with global responsibility for the firm's Investment Banking and Investment Management Divisions. He became a partner in 1990 and served as co-chairman of the firm's Partnership Committee. He was also a member of the Management Committee. Following his 23-year career at Goldman Sachs, Kaplan became a senior director of the firm. He serves as chairman of Project A.L.S. and co-chairman of the Draper Richards Kaplan Foundation, a global venture philanthropy firm that invests in developing non-profit enterprises dedicated to addressing social issues. He is also a board member of Harvard Medical School. Kaplan previously served on the boards of State Street Corporation, Harvard Management Company, Bed Bath & Beyond, and Heidrick & Struggles International, Inc. He was also a trustee of the Ford Foundation, co-founding board chair of the TEAK Fellowship, co-founder and chairman of Indaba Capital Management, LP, and chairman of the Investment Advisory Committee at Google, Inc. Kaplan was appointed by the Governor of Kansas as a member of the Kansas Health Policy Authority Board. Born and raised in Prairie Village, Kansas, Kaplan received a bachelor of science degree in business administration from the University of Kansas and a master's degree in business administration from Harvard Business School.
This week in Indian Startup News, Ola launches EV category in London, Simple Energy to launch their Ather 450X killer - Mark 2, PUBG starts pre-registrations, Made in India cryptocurrency Polygon makes it among the global top 20, Emeritus acquires iD Tech and PhonePe looking to acquire Indus OS. In funding news, Pine Labs raises $285 million, Moglix raises $120 million, Lenskart raises $95 million, GOAT Brand Labs in talks to raise $20 million, Agnikul Cosmos raises $11 million and another space tech startup Skyroot Aerospace raises $11 million. Ola launches EV category in London: Ola has launched the EV category for their customers in London – allowing them to book electric vehicles exclusively. The company claims to have onboarded 700 drivers already and they are hoping to get more drivers soon as they are not going to charge any commission from their drivers for the first three months. Simple Energy to launch their Ather 450X killer - Mark 2: Simple Energy is launching its electric scooter Mark 2 on 15th August (Independence Day). With a range of 240 km and a top speed of 100 km/hr, Mark 2 is priced at Rs 1.1 lakh – making it a perfect competitor to Ather 450X. PUBG starts pre-registrations: After months of wait and trying to launch PUBG India, the game is finally back as Battlegrounds Mobile India. While the official launch date is yet to be announced, the game has started pre-registrations. Made in India cryptocurrency Polygon makes it among the global top 20: Polygon (formerly known as Matic Network) has a market capitalization of $13 billion – making it the 15th largest cryptocurrency in the world. Its market cap has grown 10X since February. Emeritus acquires iD Tech: Edtech startup Emeritus has acquired iD Tech for $200 million as it looks to enter K12 learning and eyes the US market – pitting them against Byju's Future School. PhonePe looking to acquire Indus OS: PhonePe is in advanced talks to acquire Indus OS for $60 million as it looks to strengthen its mini-app store ‘Switch' and eyes its own super app. Pine Labs raises $285 million: Digital commerce and payments platform Pine Labs has raised $285 million from the likes of Marshall Wace, Baron Capital Group, Duro Capital, Moore Strategic Ventures & Ward Ferry Management at a valuation of $3 billion. Moglix raises $120 million: B2B ecommerce startup Moglix has raised $120 million led by Falcon Edge Capital and Harvard Management Company – making it India's 12th unicorn this year. Lenskart raises $95 million: Omnichannel eyewear brand Lenskart has raised $95 million from KKR as it plans to expand abroad and strengthen its VR technology. GOAT Brand Labs in talks to raise $20 million: GOAT Brand Labs is expected to raise $20 million from Tiger Global, Mayfield Fund and Flipkart's venture fund. Agnikul Cosmos raises $11 million: Space tech startup Agnikul Cosmos has raised $11 million led by Mayfield India as it gears up to become India's first private company to launch satellites in space next year. Skyroot Aerospace raises $11 million: Space tech startup Skyroot Aerospace has raised $11 million led by Greenko Group founders Anil Kumar Chalamalasetty and Mahesh Kolli for the development of their Vikram rocket.
Bloomberg Opinion columnist Barry Ritholtz speaks with Scott Sperling, who is co-CEO of private equity firm Thomas H. Lee Partners (THL), and a member of the firm’s management and investment committees. He previously spent more than a decade as managing partner of the affiliate of Harvard Management Company that managed all alternative asset classes for Harvard University’s endowment fund. He has an MBA from Harvard University.
Scott M. Sperling is the President of THL Portfolio Holdings Corp. and Co-President for Thomas H. Lee Partners LP. Mr. Sperling is also Chairman for Mass General Brigham, Inc. and on the board of 7 other companies. In his past career he occupied the position of Managing Partner at Aeneas Group, Inc., Executive Chairman of Federal Street Acquisition Corp. and Chairman for Boch Centre. Prior to joining Thomas H. Lee Partners, Mr. Sperling was, for more than a decade, managing partner of the affiliate of Harvard Management Company that managed all alternative asset classes for Harvard University's endowment fund. Before that he was a Senior Consultant with the Boston Consulting Group. ————————————————————————— For podcast transcripts and show notes, visit *salt.org/talks* ( http://salt.org/talks ) Watch this video on YouTube: *https://youtu.be/_zKXKIydnrQ* ( https://youtu.be/_zKXKIydnrQ ) Developed, created and produced by SALT Venture Group, LLC. Moderated by Anthony Scaramucci.
In 1973 World Economic Forum founder Klaus Schwab launched the first Davos Manifesto, a set of ethical principles. 50 years after its founding, the Forum has launched a new manifesto. The global economy has undergone a huge transformation in this time, with the rise of big tech, China, wage inequality and ethi cal companies.Thriller Premium is at it again covering Davos again this year, covering global insights into the impact Crypto & Bitcoin has on wider issues such as responding to Covid-19, restoring economic growth and advancing this new social contract.HighlightsResetting Digital Currencies (Option 1)COVID-19 has accelerated the long-term shift from cash, with an 8% increase in non-cash payments in the euro area in 2020. Meanwhile, central bank digital currencies are emerging, potentially transforming how people use money worldwide.What policies, practices and partnerships are needed to leverage the opportunities posed by the rise of digital currencies?This session is associated with the following projects and initiatives of the World Economic Forum: Digital Currency Governance Consortium, and Reimagining Regulation: Pathways to Digital Currency. Andrew Bailey Currently Executive Director Banking and Chief Cashier at the Bank of England. Appointed to current role in January 2004 and has several key responsibilities to fulfil. Member of the Governor's Executive Team, which is the bank's senior management group. Formerly, Research Officer at the London School of Economics, before joining the Bank of England in 1985. BA and PhD, Queens' College, Cambridge. Glenn H. HutchinsChairman, North Island and North Island Ventures; Co-Founder, Silver Lake. Director, AT&T, Virtu Financial and Digital Currency Group; Co-Chair, Brookings Institution and CARE; Member, Executive Committee, Boston Celtics Basketball Team and the Obama Foundation; Member of the Board, New York Presbyterian Hospital and the Center for American Progress. Member, Investment Board, Singapore's Government Investment Corporation. Formerly: Director and Chair, Audit and Risk Committee, Federal Reserve Bank of New York; served President Clinton during the transition and in the White House as a Special Adviser on Economic and Healthcare Policy. Former: Chairman of the Board, SunGard Data Systems and Instinet; Director, Nasdaq; Director, Harvard Management Company; Co-Chairman, Harvard University's capital campaign. Co-founded, with wife, the Hutchins Family Foundation which supports the construction of the Obama Presidential Center and has created the Hutchins Center for African & African American Research at Harvard University; the Hutchins Center on Fiscal and Monetary Policy at the Brookings Institution; and the Chronic Fatigue Initiative. Published essays on economic and public policy in the Wall Street Journal, New York Times, Washington Post, Financial Times, Fortune and Foreign Affairs. Fellow, American Academy of Arts and Sciences. BA, Harvard College; MBA, Harvard Business School; JD, Harvard Law School. Strengthening the Financial and Monetary System (Option 1)Governments responded swiftly to the COVID-19 pandemic by providing fiscal and monetary support as well as adapting regulatory requirements to this new context. This Leadership Panel assesses the current health of the financial system, identifies potential emerging financial risks resulting from these historic interventions, and reflects on how industries and governments can work together to make key financial institutions more resilient in 2021. Yi GangGovernor, The People's Bank of China PhD in Economics. 1978-80, studies, Department of Economics, Peking University. 1980-86, studied Business Administration, Hamline University; then pursued Doctorate in Economics, University of Illinois. 1986-94, Assistant Professor, Associate Professor, then Professor, Department of Economics, Indiana University. 1994, co-founded the China Center for Economic Rsearch (CCER) at Peking University, served as Deputy Director, Full Professor and PhD Adviser, economics. With the People's Bank of China: 1997-2002, Deputy Secretary-General, Monetary Policy Committee; 2002-03, Secretary-General, Monetary Policy Committee, and Deputy Director-General, Monetary Policy Department; October 2003, Director-General, Monetary Policy Department; July 2004, Member, CPC Committee; Assistant Governor; 2006-07, President, Operation Office, Secretary, CPC Operation Office Committee, and Director, Beijing Foreign Exchange Administration Office, State Administration of Foreign Exchange (SAFE); December 2007, Deputy Governor and Member, CPC Committee; 2009-15, Administrator, SAFE, and Secretary, CPC SAFE Leadership Group; March 2016, Deputy Secretary, CPC Committee, and Deputy Governor; since March 2018, Governor. Deputy Director, Office of the Central Leading Group on Financial and Economic Affairs. Alternate Member, 19th CPC Central Committee. Representative, 18th and 19th CPC National Congress. Member, 12th Chinese People's Political Consultative Conference (CPPCC) National Committee. Mary Callahan ErdoesChief Executive Officer, Asset and Wealth Management, JP Morgan Mary Callahan Erdoes is Chief Executive Officer of JPMorgan Chase's Asset & Wealth Management line of business – one of the largest and most respected investment managers and private banks in the world, with more than $3 trillion in client assets and a 200-year-old legacy as a trusted fiduciary to corporations, governments, institutions and individuals. Since joining the firm 20 years ago, Erdoes has held senior roles across Asset & Wealth Management before becoming its CEO in 2009 and joining the JPMorgan Chase Operating Committee, the firm's most senior management team. Erdoes serves on the boards of the U.S.-China Business Council and the Robin Hood Foundation of New York City. She is also a board member of Georgetown University, where she earned her Mathematics undergraduate degree, and serves on the Global Advisory Council of Harvard University, where she received her MBA. Erdoes lives in New York City with her husband and three daughters. Jes StaleyGroup Chief Executive Officer, Barclays Joined Barclays as Group Chief Executive on 1 December 2015. Has nearly four decades of extensive experience in banking and financial services. Worked for more than 30 years at J.P. Morgan, initially training as a commercial banker, and later advancing to the leadership of major businesses involving equities, private banking and asset management, and ultimately heading the company's Global Investment Bank. Most recently, served as Managing Partner at BlueMountain Capital. BA in Economics from Bowdoin College. Bitcoin use of Criminal Activity is subsiding. Bitcoin still seen as a bubble. The Federal Reserve, the United States' central bank, said today at the conclusion of its regular Federal Open Market Committee meeting that it would keep its key overnight interest rate near zero and make no change to its monthly bond purchases of at least $120 billion. Fed Chair Jerome Powell said that there was “great uncertainty ahead.” CBDC's is all the Rage, much different from last year. Stable Coins will be the first step globally, governments are looking into or trialing their own central bank digital currencies (CBDCs), which are essentially digital versions of a government's fiat currency. China is onboard with going Green by 2030 and will use it's monetary might to do so. Also looking to become a consumption driven economy very soon.References: FinExtra Davos 2021
Episode SummaryBill Helman sits on the board of directors for some of the most influential institutions that are changing the business landscape and, as a partner at Greylock, he is helping to foster the next generation of big ideas. Internet conspiracy theories, flying cars, and a talent search for a president are among the scenery on this wild ride of an episode of The Sydcast.Syd FinkelsteinSyd Finkelstein is the Steven Roth Professor of Management at the Tuck School of Business at Dartmouth College. He holds a Master's degree from the London School of Economics and a Ph.D. from Columbia University. Professor Finkelstein has published 25 books and 90 articles, including the bestsellers Why Smart Executives Fail and Superbosses: How Exceptional Leaders Master the Flow of Talent, which LinkedIn Chairman Reid Hoffman calls the “leadership guide for the Networked Age.” He is also a Fellow of the Academy of Management, a consultant and speaker to leading companies around the world, and a top 25 on the global Thinkers 50 list of top management gurus. Professor Finkelstein's research and consulting work often relies on in-depth and personal interviews with hundreds of people, an experience that led him to create and host his own podcast, The Sydcast, to uncover and share the stories of all sorts of fascinating people in business, sports, entertainment, politics, academia, and everyday life. Bill HelmanWilliam W. Helman IV is a general partner at Greylock Partners, a venture capital firm focused on early-stage investments in technology, consumer Internet, and healthcare. He joined Greylock in 1984, has been a partner since 1997, and served as managing partner from 2000 to 2013.Bill was elected to the board of directors of Ford Motor Company in 2011. He serves on the finance committee and nominating and governance committee, and as chair of the sustainability and innovation committee. As of 2019, he is also a trustee for Vornado Realty Trust and a Member of the Board at Inari.Bill led Greylock's investments in Aveo Pharmaceuticals, Millennium Pharmaceuticals, Hyperion Software, Vertex Pharmaceuticals, Filene's Basement, UPromise, Reveal Imaging, and Zipcar, among others.He is a former trustee of Dartmouth College and chaired the investment committee from 2014 to 2017. In addition, he serves on the board of Harvard Management Company, Isabella Stewart Gardner Museum, Dartmouth-Hitchcock Medical Center, and The Steppingstone Foundation.Bill is a member of the board of fellows at Harvard Medical School and Damon Runyon Cancer Research Foundation.He graduated from Dartmouth in 1980 and Harvard Business School in 1984.Insights from this episode:Strategies for encouraging and investing in internet security and protocols to ensure a company's prosperity and safety.Details on what personality characteristics are shared by the most successful business people.Benefits changing transportation modes, auto-drive vehicles, and rideshare services bring to the automotive industry.How to determine and recruit leadership talent for elite universities and how those leaders will shape the future of those establishments. Details on the food supply system in the United States and future trends in dining and food. Quotes from the show: “Philosophically, the issue of the negative effects of our totally wired interconnected world runs against the unbelievable benefits.” – Syd FinkelsteinOn predictive algorithms and website tracking: “You don't know what they know about you and what they are using that information for, you have no idea.” – Bill Helman“[Elon Musk] is an amazing inventor, amazing, and he has changed the car industry like no one else has, maybe since Henry Ford.” – Bill HelmanOn traits of highly successful people: “Number one, it's being willing to challenge the standard convention like few do, number two, it's having an idea that may seem crazy to the average person but which the founder has an instinct that it will be a great product or service that will deliver value, and the third thing is being able and enabled to accept risk.” – Bill HelmanOn transportation methods: “I think people are moving around, particularly in urban environments, differently.” – Bill HelmanOn higher education: “I believe it is one of our core, unique assets in the United States, it is something that is so important to our core position, higher education, and I don't think that we appreciate that enough.” – Bill Helman“The leadership of most higher education institutions got there through default.” – Bill Helman“Four-year, residence-based college is too expensive and it's not for everybody and it shouldn't be for everybody. We have this obsession with going to a four-year, top school and, I think, we need to get rid of that obsession. We need to educate our population in a different way.” – Bill Helman“You wouldn't want to hire someone that didn't want to change the world in some way.” – Syd FinkelsteinBill's favorite hobby: “Hanging out with people and learning from them.” – Bill Helman“People say ‘you should do what you're really good at' but just because you're good at something doesn't mean you like it.” – Syd FinkelsteinStay Connected: Syd FinkelsteinWebsite: http://thesydcast.comLinkedIn: Sydney FinkelsteinTwitter: @sydfinkelsteinFacebook: The SydcastInstagram: The Sydcast Bill Helman Website: www.greylock.comEmail: bhelman@greylock.comLinkedIn: Bill HelmanInstagram: @billhelmanSubscribe to our podcast + download each episode on Stitcher, iTunes, and Spotify.This episode was produced and managed by Podcast Laundry (www.podcastlaundry.com)
With massive unemployment, more businesses closing permanently, and the most devastating three-month collapse on record, what is next? Join us with brilliant investor and business legend Glenn Hutchins, co-founder of the hugely successful Silver Lake Partners, Vice Chairman of Brookings, former Senior Advisor to President Clinton and board member of the NY Fed. The conversation will be moderated by Andy Serwer, the former managing director of Fortune and the current Editor-in-Chief of Yahoo! Business. Glenn Hutchins has earned respect and success at the top of the business world, philanthropy, and public service. He is chairman of North Island and a co-founder of Silver Lake, and also served as chairman of the board of SunGard Data Systems, Inc. and Instinet, Inc. and a director of Nasdaq, Inc. Previously, Mr. Hutchins served President Clinton in the White House as a special advisor on both economic and health-care policy. He was also a director of Harvard Management Company and co-chairman of Harvard University's capital campaign. Andy Serwer is the editor in chief for Yahoo Finance, where he oversees all editorial content from breaking news to in-depth stories to original video programming. He was previously the managing editor of Fortune and worked at Time Inc. for 29 years. He has been a regular guest on MSNBC'S Morning Joe and CNBC's Squawkbox and many other TV and radio programs. To RSVP for upcoming events, visit our events page at: https://www.thecommongoodus.org --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
Sir Ronald Cohen’s motto is “do good - do well” He practices what he preaches.He is Chairman of the Global Steering Group for Impact Investment and The Portland Trust.He also co-founder director of Social Finance UK, USA, and Israel, and co-founder Chair of Bridges Fund Management and Big Society Capital. For nearly two decades, Sir Ronald’s pioneering initiatives have spearheaded the global impact investment movement towards an Impact Revolution.He chaired the Social Impact Investment Taskforce established under the UK’s presidency of the G8 (2013-2015), the Social Investment Task Force (2000-2010) and the Commission on Unclaimed Assets (2005-2007). In 2012 he received the Rockefeller Foundation’s Innovation Award for innovation in social finance.He was a founder director and Chairman of the British Venture Capital Association and a founder director of the European Venture Capital Association.Sir Ronald is a member of the Board of Dean’s Advisors at Harvard Business School and a Vice-Chairman of Ben Gurion University; a former member of the Harvard University Board of Overseers; a former director of the Harvard Management Company and the University of Oxford Investment Committee; a former trustee of the British Museum; and a former trustee of the International Institute for Strategic Studies.He was President of the Oxford Union and serves as an Honorary Fellow of Exeter College. Sir Ronald was awarded a Harvard Business School fellowship.His latest book - Impact: Reshaping capitalism to drive real change is a fascinating blueprint for a hope-filled future underpinned by the social power of impact investingPraise for IMPACT is universal:"Sir Ronnie provides the core operating manual for those seeking to do good while also doing well." Bono, Lead Singer of U2 and Co-Founder of The Rise Fund'Impact is a new and very important idea to reshape and save our economic system.' Paul Romer, Nobel Prize in Economics, 2018'The book is timely, visionary, bold...and thoroughly persuasive.' Rabbi Lord Jonathan Sacks"The most genuinely hopeful and important work on finance and society I've read or imagined reading in decades." Peter Sacks, Professor of English and American Literature and Language, Harvard UniversitySir Ronald talks to Jonathan Gabay of Thought and Leaders about his vision for all our futures. This episode is truly inspiring. Listen, share the message - read the book, make an IMPACT.37 Minutes listening time
Our guest today is Dr. Mohamed El-Erian. Dr. El-Erian is Chief Economic Advisor at Allianz, the parent of PIMCO, where he formerly served as chief executive and co-chief investment officer, and President-Elect of Queens’ College, Cambridge University. He first joined PIMCO in 1999 and was a senior member of PIMCO’s portfolio management and investment strategy group. He rejoined the company at the end of 2007 after serving for two years as president and CEO of Harvard Management Company. Before coming to PIMCO, Dr. El-Erian was a managing director at Salomon Smith Barney/Citigroup in London and before that spent 15 years at the International Monetary Fund in Washington, D.C., where he served as Deputy Director. Dr. El-Erian has served on numerous boards and committees, including a stint as Chair of President Obama’s Global Development Council from Dec. 2012 to Jan. 2017. A much sought-after author, columnist, and speaker, Dr. El-Erian has published two best-selling and critically acclaimed books, When Markets Collide and The Only Game in Town: Central Banks, Instability, and Avoiding the Next Collapse. He also was named to _Foreign Policy _magazine's list of “Top 100 Global Thinkers” four years in a row, among other accolades.Dr. El-Erian holds a master’s degree and doctorate in economics from Oxford University and received his undergraduate degree from Cambridge University.Background• Dr. Mohamed El-Erian bio• Dr. El-Erian’s commentary• Dr. El-Erian’s tv and radio interviews• The Only Game in Town: Central Banks, Instability, and Avoiding the Next Collapse, by Mohamed El-Erian, January 2016. • When Markets Collide, by Mohamed El-Erian, June 2008. • “The FP Top 100 Global Thinkers," Foreign Policy, Nov. 26, 2012. • Dr. El-Erian’s Twitter handle @elerianm Dr. El-Erian’s Recent Comments on COVID-19• “The Coming Coronavirus Recession: And the Uncharted Territory Beyond," Foreign Affairs, Mar. 17, 2020. • “The Federal Reserve Takes its Crisis Management Game Up Several Notches,” Yahoo Finance, Mar. 17, 2020, • “It Will Get Better But After We Feel Even More Unsettled,” Yahoo Finance, Mar. 13, 2020. • “Six Things Investors Should Remember Amid Extreme Stock Market Volatility,” Yahoo Finance; Mar. 8, 2020. • “El-Erian: We Shouldn’t Bail Out Every Industry Halted by Coronavirus Crisis,” CNBC, Mar. 19, 2020. • “El-Erian: Fed Should Have Been More ‘Laser-Focused’ on Market Failures,” CNBC, Mar. 16, 2020. • “El-Erian on Markets: ‘It’s Getting Less Scary Than It Has Been for a While," CNBC, Mar. 13, 2020. • “El-Erian: U.S. Stock Market Could End Up Dropping 20%-30% Before Bottom Is Finally Reached," CNBC, Mar. 9, 2020.Shownotes (Note: We will add the interview transcript soon.)Introduction• Introducing Dr. El-Erian and bio (0:21)High Level Macro• The market and economic backdrop have changed drastically in what seems like no time. You’ve been prescient in foreseeing some of the impacts. But what has surprised you thus far? (1:48)• We’ve heard you say that financial “sudden stops” are more addressable than economic “sudden stops”. Can you explain the difference between financial/economic “sudden stops," why the latter is harder to deal with, and how that relates to our current situation? (2:58)Policy Response• Public health concerns are trumping economic realities at the moment. For instance, entire states are being told to shelter in place. This is economically devastating. Do you think this is prudent policy without a stimulus package or backstop of some kind? (5:13)• You’ve argued that interest-rate cuts and broad fiscal stimulus shouldn’t be emphasized during this initial phase of the crisis. That we should instead focus on containment and building immunity to COVID-19. That seems surprising considering the scores of those who have been abruptly laid off or seen business dry up. What are they supposed to do without a massive, immediate stimulus? (7:02)• Can we talk about the impacts that you foresee for the private and public sectors and what you view as the correct policy response for addressing each? Let’s take them one by one: (9:29)- The suddenly unemployed- The small business owner- The lender- The airline and hospitality sectors- The state or municipalityCapital Markets• Turning to capital markets, we’ve obviously seen stocks enter a steep sell-off. But the bond market has also broken down. Can you describe for some of our listeners--who might not be as familiar with the inner workings or dynamics of the bond market--what has happened there, why, and what will stem it? (11:29)• The Fed stepped in to backstop money market funds in recent days. Have you seen signs that is succeeding in stabilizing corporate funding markets like the commercial paper market? (15:05)• What will be point of equilibrium at which fiscal and monetary policy relief overtakes fear to stabilize markets and the economy? (16:57)Aftermath• You wrote that one of the lasting consequences of novel coronavirus will be accelerating deglobalization and deregionalization. Global supply-chain management and trade interconnection has been the dominant trend in recent decades. Why would we retreat from that, and how will that be felt in the real economy and daily life? (19:12)• To this point, while COVID-19 has been deemed a global pandemic, its impacts have been mostly northern hemispheric. What do you think the implications of the virus spreading to the southern hemisphere over the balance of this year will be on trade, markets, etc.? (21:18)Outlook• About a week ago you said you expected the stock market to decline 30% from its highs. At that time it was down around 19%, and we’ve seen the market fall another 10 percentage points since then, putting it down almost 30% from the high. Have you revised your view or do you feel the sell-off has largely played itself out? (23:40)• Most of our listeners are individual investors or advisors who diversify their assets widely across asset classes and styles, often using index funds and ETFs. Do you think this episode warrants a re-think of how they’ve approached asset allocation and investment selection? (27:03)Closing• Closing, disclosures, and outro (32:03)(Disclaimer: This recording is for informational purposes only and should not be considered investment advice. Opinions expressed are as of the date of recording. Such opinions are subject to change. The views and opinions of guests on this program are not necessarily those of Morningstar, Inc. and its affiliates. Morningstar and its affiliates are not affiliated with this guest or his or her business affiliates unless otherwise stated. Morningstar does not guarantee the accuracy, or the completeness of the data presented herein. Jeff Ptak is an employee of Morningstar Research Services LLC. Morningstar Research Services is a subsidiary of Morningstar, Inc. and is registered with and governed by the U.S. Securities and Exchange Commission. Morningstar Research Services shall not be responsible for any trading decisions, damages or other losses resulting from or related to the information, data analysis or opinions or their use. Past performance is not a guarantee of future results. All investments are subject to investment risk, including possible loss of principal. Individuals should seriously consider if an investment is suitable for them by referencing their own financial position, investment objectives and risk profile before making any investment decision.)
Michael Cappucci, managing director for compliance and sustainable investing at Harvard Management Company, joins the Business Scholarship Podcast to discuss his new paper The Proxy War against Proxy Advisors. In this paper, Cappucci traces the growing influence of proxy advisors and addresses common criticisms about their business practices, accuracy, and role within U.S. corporate governance. He considers recent proposed regulations affecting the proxy-advisor industry and evaluates their likely effects on corporate governance and institutional shareholders and asset managers.This episode is hosted by Andrew Jennings, a teaching fellow and lecturer in law at Stanford Law School.
Kate Murtagh, managing director for sustainable investing and the chief compliance officer of Harvard Management Company, chats with Eliza Stoker, Major, Lindsey & Africa executive director, about her career path and how she completed undergrad and law school in six years and dove headfirst into her legal and compliance career, becoming partner by 32.
Kate Murtagh, chief compliance officer at the Harvard Management Company, discusses the university's three-pronged approach to sustainable investment with columnist Tom Fox.
Today we roll out another brand new RA/QA Today podcast episode. Joining us for this episode is Ms. Tracy Burns, the CEO at NEHRA (Northeast HR Association, an affiliate of SHRM), the largest HR Association in the Northeast with over 2,000 HR professionals as members. Prior to this role, Tracy spent nearly 20 years working in Corporate HR, most recently as a VP of Human Resources at Harvard Management Company. She's the author of the book Before and After Resumes, How to Turn a Good One Into a Great One and serves as the Chair Elect on the Board of The New England Society of Association Executives. During this episode we discuss the Female CHRO development program NEHRA has recently developed. Some of the highlights covered: -How this CHRO program is different from any other Women's leadership program -The key components of the CHRO development program -Ideal participants for the program and what you need to do to qualify ..and much more
What does sustainable investment mean to the world's largest academic endowment fund? Learn how Harvard's endowment fund, which supports 40% of the university's research, educational programs and financial aid, has emerged as a leader among endowment funds in applying sustainable and responsible investment principles. For more information visit www.man.com/maninstitute/responsible-investment This podcast was recorded on 13 Jun 2018. Learn more about your ad choices. Visit megaphone.fm/adchoices
April 17, 2014 - Read the Forbes article and watch the interview here: http://onforb.es/QdFhs7. Subscribe to this podcast on iTunes by clicking here: http://bit.ly/ymotwitunes. Robert S. Kaplan, co-chair of the Draper Richards Kaplan Foundation, the largest venture philanthropy firm in the U.S. will join me for a live discussion of the strategies and impact of their approach: treating nonprofits like tech startups. Draper Richards Kaplan (DRK) is the product of venture capitalists William H. Draper and Robin Richards Donohoe, along with Kaplan, a Harvard Business School professor and former Vice Chair of Goldman Sachs. DRK begins by selecting a dozen high-impact startup nonprofits each year, typically giving them $300,000 to develop a model and prove their potential. Upon “graduation” the nonprofits typically begin to scale rapidly, jumping up to an annual budget of $2.5 million thereafter. In addition to startup funding, DRK provides training to help each nonprofit learn best practices in governance, strategy and management. Kaplan’s bio: Robert S. Kaplan is the Martin Marshall Professor of Management Practice in Business Administration and Senior Associate Dean for External Relations. He is also co-chairman of Draper Richards Kaplan Foundation, a global venture philanthropy firm, as well as chairman and a founding partner of Indaba Capital Management LLC. He is the author of several case studies, articles and two recently published books: What You’re Really Meant To Do: A Road Map for Reaching Your Unique Potential, (Harvard Business Review Press, 2013) and What to Ask the Person in the Mirror: Critical Questions for Becoming a More Effective Leader and Reaching Your Potential (Harvard Business Review Press, 2011) Prior to joining Harvard Business School in September 2005, Rob served as vice chairman of The Goldman Sachs Group, Inc. with oversight responsibility for the Investment Banking and Investment Management Divisions. He was also a member of the firm’s Management Committee and served as co-chairman of the firm’s Partnership Committee and chairman of the Goldman Sachs Pine Street Leadership Program. During his career at the firm, he also served in various other capacities including Global Co-Head of the Investment Banking Division (1999 to 2002), Head of the Corporate Finance Department (1994 to 1999) and Head of Asia-Pacific Investment Banking (1990 to 1994). He became a partner in 1990. Rob is a Senior Director of the firm. He is co-chairman of the Board of Project A.L.S., co-chair of the Executive Committee for Harvard University Office of Sustainability, and is a member of the Boards of the Harvard Medical School, Harvard Management Company (previously serving as Acting President and Chief Executive Officer) and the Ford Foundation. Previously, Rob was appointed by the Governor of Kansas as a member of the Kansas Healthcare Policy Authority Board (2006-2010) and also served as a member of the Investors Advisory Committee on Financial Markets of the Federal Reserve Bank of New York. Rob is a member of the Board of the State Street Corporation. He is chairman of the Investment Advisory Committee of Google, Inc. Previously he was a member of the Board of Bed, Bath & Beyond, Inc. (1994-2009). He also serves in an advisory capacity for a number of companies. Rob received an M.B.A. from Harvard in 1983 and a B.S. from the University of Kansas in 1979. Prior to attending business school, Rob was a certified public accountant at Peat Marwick Mitchell & Co in Kansas City.
Global investment guru El-Erian is published widely on international economics and financial topics, has served as Managing Director of Salomon Smith Barney/Citigroup in London and has enjoyed a 15-year career at the International Monetary Fund. He previously served as President and CEO of Harvard Management Company and as a member of the faculty of Harvard Business School.