Remove 2007 Remove Collateral Remove Pension Funds
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Transcript: Ted Seides

The Big Picture

Are most people better off in an index fund than playing with an active manager, be it mutual fund or high fee hedge funds? SEIDES: John Yeah, I said back then, the bet started in 2007 and I say today, being in the market and investing in hedge funds is completely apples and oranges. This is the summer of 2007.

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Transcript: Corey Hoffstein on Return Stacking  

The Big Picture

And there was one conversation very early in my career, this was actually 2007, where I was interviewing with an asset manager and I pre-meeting, asked them what they thought of the market. So I was looking at all sorts of things, which is sort of classical equity quant type work. 00:28:05 [Speaker Changed] Exactly.

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Transcript: Gretchen Morgenson

The Big Picture

MORGENSON: It can be collateralized loan obligations, now it’s big private debt. In 2007, firms extracted — the private equity firms extracted $20 billion from companies in the form of dividend recapitalizations. Pension funds, perhaps, maybe aren’t growing as much as they need them to.

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Transcript: Bill Dudley, NY Fed Chief

The Big Picture

00:07:47 [Speaker Changed] So, so after, you know, more than 20 years at Goldman, you joined the New York Fed in 2007, overseeing domestic and foreign exchange trading operations, 2007, that, that’s some timing. Well, I had about I seven months of calm and then chaos started in August of 2007. I’m sorry.

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