The Big Picture

MARCH 5, 2024

You can stream and download our full conversation, including any podcast extras, on Apple Podcasts , Spotify , YouTube , and Bloomberg. You’ve talked about pensions are now facing illiquidity issues because private equity and venture capital have gates up a lot, a lot of long-term tie up. How has this affected your business?

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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.

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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

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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.

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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.

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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.

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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.

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Pension Pulse

SEPTEMBER 11, 2023

Willis Towers Watson put out a press release stating the world’s top pension funds see the largest assets fall in 20 years: North America now accounts for nearly half of assets in world’s 300 largest pension funds ARLINGTON, Va., increase in the assets of the largest 300 pension funds in the previous year.

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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.

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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.

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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.”

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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.

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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%

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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.

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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?

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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.

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Hedge Funds Finance Financing Funds 69

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 59

Hedge Funds Banks Assets Due Diligence 59

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.

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The Big Picture

NOVEMBER 25, 2024

You can stream and download our full conversation, including any podcast extras, on Apple Podcasts , Spotify , YouTube , and Bloomberg. This is implicitly leverage. Leverage is a tool that accentuates both the good and the bad. And you need to be aware of the leverage risk that’s embedded.

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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.

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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.

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