Latest Interviews
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Clear all filters- Milken Institute1h 1m
The Future of Asset Management | Global Conference
Richard Ditizio, Raphael Arndt, Mike Gitlin, Matthew Harris, Bill Huffman, Jean Hynes
Amidst a fracturing macroeconomic landscape and shifting geopolitical dynamics, leading asset managers are pivoting toward active strategies and AI-driven decision-making to navigate stagflation risks and capitalizing on a projected $100 trillion infrastructure opportunity. The event highlights a strategic convergence of public and private markets, where demographic shifts and an incoming $70 trillion wealth transfer are driving demand for sustainable alternatives and retirement solutions extended to 90 years of life expectancy. Ultimately, industry leaders anticipate a decade of market broadening and productivity booms, positioning the fusion of technology and traditional asset allocation as the primary engine for future alpha generation.
- Milken Institute1h 1m
Private Credit: Innovation, Strategy, and Distressed Debt in a Maturing Market | Global Conference
John L. Bowman, Michela Bariletti, Paul Horvath, Joe McCurdy, Rudy Sahay
Private credit in the U.S. has matured into a $3 trillion primary capital source, driven by regulatory shifts post-GFC and a strategic pivot toward re-integration with banks rather than disintermediation. While the U.S. market faces competition from large BDC ecosystems, European opportunities are emerging through Solvency II reforms and Brexit-related dislocations, prompting institutional investors to favor aligned partners who prioritize long-term control over deal velocity. To navigate rising leverage risks and geopolitical volatility, leading firms are deploying AI-driven underwriting and targeting $2 billion mid-market deals that offer superior covenant protection and recovery rates.
- Milken Institute1h 0m
The Evolving Landscape of Asset-Based Finance and Securities Products | Global Conference 2025
Ted Seides, Matt Miller, Jack Neumark, Madelaine O'Connell, Jason Steiner, Edwin Wilches
Leading Asset-Based Finance managers including representatives from PGM, PIMCO, HPS, Fortress, and Bayview defined the sector as "private credit 2.0," focusing on securitizable income-generating assets like real estate and esoteric receivables to diversify beyond traditional corporate loans. While the panel consensus identifies homeowner resilience as a key defense against downturns, experts warn of rising subprime auto risks, FICO score distortions, and dangerous spread compression driven by record capital influx from insurers and pension funds. To navigate these dynamics, the group outlined divergent strategies ranging from maintaining "rent" models with originators to pursuing complex illiquid structures, all while emphasizing the necessity of rigorous forward-looking scenario analysis to manage deteriorating covenants and liquidity premiums.
- Milken Institute1h 2m
M&A Metamorphosis: How Private Capital and Tech Are Reshaping Financial Markets | Global Conference
Romaine Bostick, Anu Aiyengar, Aly Alibhai, Vanessa Dager, Jason Greenberg, Andrea Guerzoni, Ali
Driven by political uncertainty and tariff-related volatility following the new U.S. administration's policies, global M&A volumes have declined significantly despite a previously robust 57% CEO appetite for deals. Current market dynamics favor selective, smaller transactions under $5 billion and continuation vehicles as corporations prioritize internal resilience and navigate heightened regulatory scrutiny across tech and cross-border sectors. While deal processes have stretched to years due to valuation renegotiations, industry experts maintain cautious optimism that activity may normalize in the second half of the year once policy clarity emerges.
- Milken Institute1h 2m
Investing in a Shifting Economic Climate: The Asia-Pacific Outlook | Global Conference 2025
Sarah Williamson, Mohamed Albadr, David Elia, Kate Galvin, Vasyl Nair, Pandu Sjahrir, David Allier
Global institutional investors from Mubadala, Host Plus, Victorian FMC, Danantara, and TeamSuper convened to discuss diverging portfolio strategies amid US political uncertainty and a strategic pivot toward Asia-Pacific growth. Key participants outlined shifts ranging from Mubadala's 25% target for Asia exposure and Danantara's $1 trillion consolidation to Victorian FMC's active hedging of dollar risk against geopolitical fragility. The panel ultimately advised maintaining multi-decade horizons while prioritizing valuation discipline and geographic diversification to navigate a market defined by sector rotation and enduring reserve currency dynamics.
- Milken Institute56 min
Mindfulness as Medicine: A Path to Resilience and Inner Peace | Global Conference 2025
Avanti Kumar-Singh, Mary Fisher, David Kessler, Hala Khouri, Big Sean
Four experts including Mary Fisher, David Kessler, Hala Khoury, and Big Sean convened to redefine mindfulness as an active, embodied practice essential for healing, social justice, and connecting across generational divides. The panelists argued that isolation is a primary trauma, advocating instead for community-based holding and reframing conflict as a catalyst for growth to transform personal loss into collective resilience. Drawing on their respective experiences with the HIV crisis, the grief process, systemic inequality, and parental legacy, the speakers promoted specific grounding rituals and resources like Grief.com to support post-traumatic growth.
- Milken Institute1h 3m
Carbon Credits: Unlocking Climate Finance and Natural Capital Valuation | Global Conference 2025
Hiro Mizuno, Olivia Albrecht, Suzanne DiBianca, Peter Fernandez, Andrew Gilmour
A panel moderated by Hiro Mizuno and featuring Peter Fernandez, Olivia Albrecht, and Andrew Gilmore identifies the $1.5 billion voluntary carbon market as a critical bottleneck needing to expand to $1 trillion to achieve 2050 net zero targets through Article 6 frameworks and sovereign carbon securities. Speakers highlight that overcoming capital intensity requires shifting from a niche cottage industry to institutional-grade infrastructure via subsidized sovereign funding, AI-driven integrity tracking, and securitization strategies that treat carbon as a tradable asset rather than a commodity. Forward-looking projections suggest Singapore's recent government procurement marks a watershed moment, with the industry aiming for its first billion-dollar settled transaction within the year to establish standardized liquidity and price discovery.
- Milken Institute1h 1m
Navigating Global Markets: Opportunities, Risks, and Strategies | Global Conference 2025
Sonali Basak, Joshua Friedman, Andrew Junkin, Megan Neuburger, Michael Rees
Blue Owl Capital is transitioning its asset management strategy to target the industry's top 250 firms by shifting from pure investment execution to a holistic model that productizes offerings for diverse global investors while maintaining a bias toward non-manufacturing entities. Concurrently, the private credit market is adapting to deteriorating deal terms and regulatory shifts by serving as an escape valve for investment-grade issuers, particularly within the AI cycle, though investors remain cautious regarding tariff-induced inflation and elevated Treasury yields. Despite these headwinds, the firm emphasizes resilient direct lending and asset-backed finance opportunities that leverage regulatory constraints on traditional banks to generate sustainable, fee-driven cash flows.
- Milken Institute54 min
Planning for Your Ideal Retirement: Lessons for Retirement Success | Global Conference 2025
Cheryl Evans, Christine Benz, Thomas Lee, Eric Stevenson, Rebecca Tadikonda, Tom Lee
Panelists characterize the retirement landscape as a structural crisis driven by the "Peak 65" demographic surge and the collapse of the traditional three-legged pension stool, leaving individuals exposed to insufficient savings and longevity risk. In response, experts advocate for integrating low-cost, in-plan guaranteed income solutions that provide lifetime paycheck liquidity while utilizing regulatory updates like SECURE Act 2.0 to shift fiduciary risk from employers to institutional providers. This strategic shift aims to bridge the gap left by declining pensions and Social Security, ensuring that retirees can cover essential expenses despite market volatility and extended life expectancies.
- Milken Institute55 min
Bending the Curve: Innovation in Asset Management | Global Conference 2025
Leon Kalvaria, Eric Anziani, Sandy Kaul, John Koudounis, Peter Mintzberg, Dan Morehead
A panel of industry leaders from BlackRock, Franklin Templeton, and Grayscale confirmed that the approval of Spot Bitcoin ETFs and the 2024 US election have triggered a regulatory inflection point where $100 billion in institutional assets now flow into the space. Key executives from Kalamos Investments, Pantera Capital, and Crypto.com outlined a strategic shift toward principal-protected products and real-world asset tokenization, projecting exponential growth over the next 18 months. Despite lingering debates on regulatory granularity, the consensus predicts that within a decade, every major financial institution will integrate blockchain into its core strategic benchmarks and asset allocation models.
- Milken Institute59 min
Public Market Paradigm: Strategies in a Volatile | Global Conference 2025
Dan Primack, Ryan Israel, Jimmy Levin, Stephen McLennan, Alyssa Rieder, Alexander Roepers, Alex Rupert, Alyssa Reuter, Steve McLennan
Moderated by Dan Primack, five prominent CIOs and asset managers discussed navigating recent market volatility driven by tariff uncertainty while debating whether US large-cap stocks and the AI sector are in a bubble. The panelists outlined divergent strategies, ranging from Atlantic Investment's defensive positioning to Pershing Square's creation of a permanent capital vehicle, while emphasizing that human judgment remains superior to AI for identifying structural market inflection points. Despite consensus on near-term dislocation risks, the group highlighted the enduring advantages of concentrated active management and the increasing importance of aligning fiduciary returns with specific mission goals.
- Milken Institute59 min
Navigating Global Investment Strategies in Energy, Infrastructure, & Industry | Global Conference
Brian Sullivan, Pete Bowden, Mathias Burghardt, Karl Kuchel, Anja Sharma
Industry leaders gathered to discuss a transformative surge in infrastructure financing, where data center demand has driven Americas construction loan volumes to unprecedented levels while highlighting critical constraints in natural gas supply and grid resilience. Panelists emphasized that an "all-of-the-above" energy mix is essential to meet the projected 40 to 50 gigawatts of annual electricity growth, yet complex permitting processes and political volatility regarding the Inflation Reduction Act continue to delay project execution and threaten capital deployment. Institutional strategists from MUFG, Jefferies, and Ardian concluded that future success depends on diversifying portfolios across geographies and technologies to navigate risks associated with aging assets, supply chain bottlenecks, and the urgent need for carbon capture integration.
- Milken Institute1h 0m
Credit Trends and Private Credit Evolution | Global Conference 2025
Eric Platt, Greg Braylovskiy, Anne-Marie Fink, Steve Kuppenheimer, Brad Rogoff, Kevin Sherlock
Industry experts analyze the convergence of private credit and traditional banking, forecasting a modest U.S. recession with rising default rates reaching 5% this year amidst widening credit spreads and tightening underwriting standards. While giant private credit firms are displacing banks in the middle market, the sector is evolving through strategic joint ventures that shift risk off balance sheets and limit systemic exposure, despite concerns over valuation transparency and future refinancing challenges. The panel concludes that lenders are pivoting toward special situations and asset-backed strategies with shorter durations as direct lending spreads compress and regulatory bodies monitor potential asset-liability mismatches in the rapidly maturing private credit landscape.
- Milken Institute1h 2m
Global Asset Management and Alternatives | Global Conference 2025
Sarah Sandler, Jennifer Prosek, Kamal Bhatia, Kim Lew, Tony Minella, Rick Rieder, Daniel Simkowitz
Six industry leaders from PIMCO, Columbia, Morgan Stanley, and Eldridge Capital convened to assess a divergent U.S. economic outlook where sentiment ratings ranged from nervousness to bullish optimism regarding technology and demographics. The panel highlighted a structural shift in private market access for retirement plans, noting projections for allocations to triple while discussing converging returns in private credit and international opportunities in Japan and Brazil. Additionally, the experts advocated for specific policy reforms including Federal Reserve stability, fiscal discipline, and the protection of the R&D ecosystem to sustain long-term growth.
- Milken Institute1h 2m
Wealth Management: Merging Public and Private Market Strategies | Global Conference 2025
Matt Brown, Meena Flynn, Rob Heyvaert, Jose Minaya, Andy Sieg, Joan Solotar
A panel of industry leaders from firms including Blackstone, BNY, and Goldman Sachs predicts that alternative investments will transition from niche instruments to standard portfolio components within the next decade as asset managers develop hybrid products to bridge the gap between public and private markets. Key figures note that while artificial intelligence and regulatory reforms will lower operational barriers and democratize access, critical challenges regarding liquidity, legacy technology infrastructure, and client education must be resolved to prevent misinterpretation of illiquid assets. The consensus forecasts that by 2029, these strategies will be fully integrated into advisory statements, shifting investor focus toward after-tax performance and durable portfolio construction while acknowledging that extreme allocation levels will remain constrained by practical risk management needs.