The Big Picture

DECEMBER 5, 2023

You can stream and download our full conversation, including any podcast extras, on Apple Podcasts , Spotify , YouTube , and Bloomberg. But there wasn’t an active m and a business, there wasn’t a leveraged finance business. And, and we wanted to have relatively modest leverage. All the things we know now.

Private Equity Firms 69

Private Equity Firms Private Equity Firms Mergers and Acquisitions Debt 69

The Big Picture

NOVEMBER 8, 2022

You can stream and download our full conversation, including the podcast extras on iTunes , Spotify , Stitcher , Google , and YouTube. pension funds engaged in to the tune of hundreds of billions of pounds. And to make things more interesting, they use leverage too. CHANCELLOR: They had the equity allocation.

Finance 58

Finance Financing Banks Hedge Funds 58

The Big Picture

MAY 9, 2023

You can stream and download our full conversation, including any podcast extras, on iTunes , Spotify , Stitcher , Google , YouTube , and Bloomberg. So what I mean by that is, first, understand the duration of your funding source. Pension funds have quite long-dated capital. That’s what I mean by liabilities.

Liabilities 118

Liabilities Assets Banks Hedge Funds 118

Pension Pulse

NOVEMBER 15, 2023

This occurs when the value of bonds and shares of publicly listed firms decline, as they did recently, bringing down the total assets of a pension fund. Canadian pension funds are among the largest private equity investors in the world. Denominator effect The first is what’s known as the “denominator effect.”

Pension Funds 59

Pension Funds Stakes Assets Buyout 59

The Big Picture

SEPTEMBER 23, 2024

You can stream and download our full conversation, including any podcast extras, on Apple Podcasts , Spotify , YouTube , and Bloomberg. But because these are really good businesses, which got levered, they got leveraged through these leverage buyouts. There’s leverage. So the leverage numbers go down dramatically.

Debt 58

Debt Leveraging Banks Leveraged Buyouts 58

The Big Picture

FEBRUARY 13, 2023

You can stream and download our full conversation, including any podcast extras, on iTunes , Spotify , Stitcher , Google , YouTube , and Bloomberg. You know, people are comfortable, leverage builds. Which is run by many insurance companies, pension funds who use Aladdin, and it’s a commercial enterprise for the firm.

Hedge Funds 58

Hedge Funds Education Funds Banks 58

The Big Picture

SEPTEMBER 19, 2022

You can stream and download our full conversation, including the podcast extras on iTunes , Spotify , Stitcher , Google , Bloomberg , and Acast. is about broadening access to knowledge, capital and well-being by leveraging existing networks and protocols, and building trusted brands. Our current iteration, what we call Thesis 3.0

Venture Capital 121

Venture Capital Capital Funds Startups 121

The Big Picture

SEPTEMBER 10, 2024

You can stream and download our full conversation, including any podcast extras, on Apple Podcasts , Spotify , YouTube , and Bloomberg. We have institutional clients, we have retail clients, we have, you know, pension funds, we have endowments.  The transcript from this week’s, MiB: Mike Wilson, Morgan Stanley , is below.

Companies 63

Companies Investing Hedge Funds Pension Funds 63

The Big Picture

MAY 23, 2023

You can stream and download our full conversation, including any podcast extras, on iTunes Stitcher , Bloomberg , Spotify , Google , and YouTube. Maybe it’s leverage, maybe it’s a tele protection, maybe it’s an overlay hedge, maybe it’s any number of these things. Um, and community housing, and then we have something called solutions.

Hedge Funds 63

Hedge Funds Finance Financing Funds 63

The Big Picture

JUNE 13, 2023

You can stream and download our full conversation, including any podcast extras, on iTunes , Spotify , Stitcher , Google , YouTube , and Bloomberg. The exposure you get in investment banking, I was a leveraged finance banker by background. The transcript from this week’s, MiB: Mathieu Chabran, Tikehau Capital , is below.

Banks 58

Banks Asset Management Assets Capital 58

The Big Picture

JANUARY 24, 2023

You can stream and download our full conversation, including any podcast extras, on iTunes , Spotify , Stitcher , Google , YouTube , and Bloomberg. And what was interesting was the first leveraged buyout of a public company happened when I was in graduate school. KLINSKY: In 1979, it was the first leveraged buyout of a public company.

Leveraged Buyouts 104

Leveraged Buyouts Private Equity Firms Private Equity Firms Debt 104

Pension Pulse

MAY 22, 2024

Ian Bickis of The Canadian Press reports CPP Investments earned 8 per cent in latest fiscal year, net assets rose to $632 billion: Canada's biggest pension fund earned an eight per cent return last year, but significantly underperformed the 19.9 per cent return of its reference portfolio.

Investing 59

Investing Pension Funds Stakes Assets 59

Pension Pulse

JUNE 7, 2023

Currently, the operating model and governance structures for the fund are still being finalized. Orida said PSP Investments is “ready to hit the ground running by leveraging the expertise that we already have in house.” Barbara Shecter of the National Post also reports PSP Investments posts 4.4%

Investing 59

Investing Assets Banks Legal 59

The Big Picture

FEBRUARY 28, 2023

You can stream and download our full conversation, including any podcast extras, on iTunes , Spotify , Stitcher , Google , YouTube , and Bloomberg. Leverage levels have come down materially. LAYTON: Leverage levels have changed. Look, our parents all had pension funds. That has changed. RITHOLTZ: For sure.

Assets 58

Assets Due Diligence Private Equity Firms Private Equity Firms 58

The Big Picture

APRIL 4, 2023

You can stream and download our full conversation, including any podcast extras, on Apple , Spotify , Google , Stitcher , YouTube , and Bloomberg. And so, overall, you know, I would argue that the current environment for us is really a golden age for our ability to lend to higher quality businesses, by the way, with lower leverage, right?

Private Equity Firms 58

Private Equity Firms Private Equity Firms Banks Finance 58

The Big Picture

MARCH 12, 2024

You can stream and download our full conversation, including any podcast extras, on Apple Podcasts , Spotify , YouTube , and Bloomberg. So we, we do business with most of the sovereign wealth funds, most of the big US national insurers, global insurers, the largest pension funds. So it’s very long dated capital.

Hedge Funds 58

Hedge Funds Banks Assets Capital 58

The Big Picture

MARCH 21, 2023

You can stream and download our full conversation, including any podcast extras, on iTunes , Spotify , Stitcher , Google , YouTube , and Bloomberg. If you’re anywhere from an individual to a pension fund, saying how much do I have to save to retire?  The transcript from this week’s, MiB: Cliff Asness, AQR , is below.

Hedge Funds 68

Hedge Funds Finance Financing Funds 68

The Big Picture

JUNE 20, 2023

You can stream and download our full conversation, including any podcast extras, on iTunes , Spotify , Stitcher , Google , YouTube , and Bloomberg. Pension funds, perhaps, maybe aren’t growing as much as they need them to.  The transcript from this week’s, MiB: Gretchen Morgenson on Private Equity , is below.

Private Equity Firms 58

Private Equity Firms Private Equity Firms Finance Financing 58

The Big Picture

OCTOBER 31, 2022

You can stream and download our full conversation, including the podcast extras on iTunes , Spotify , Stitcher , Google , YouTube , and Bloomberg. And it appears, at least, in the post-World War II period, they come about every 25 years, the Nifty Fifties, which was a period where institutions and pension funds bought just growth stocks.

Finance 58

Finance Financing Debt Banks 58

The Big Picture

JULY 22, 2024

You can stream and download our full conversation, including any podcast extras, on Apple Podcasts , Spotify , YouTube , and Bloomberg. So yeah, it’s a broad swath of clients that we cover from pension funds, sovereign wealth funds, retail, you name it. We’re not talking about anything else.

Banks 58

Banks Leveraging Taxes Portfolios 58