Latest Interviews
Showing 646–660 of 1,304 transcripts.
Clear all filters- Goldman Sachs33 min
The Case for Investing in Black Women
Gizelle George-Joseph, David Solomon, Margaret Anadu, Melissa Bradley, Jake Seward
Goldman Sachs launched the "One Million Black Women" initiative, a three-part program led by CEO David Solomon and Global Head of Sustainability Margaret Anadu to address the $300 billion annual GDP loss stemming from the 90% wealth gap between Black and white women. Centered on research by Giselle George-Joseph and guidance from an advisory council including Melissa Bradley, the investment strategy targets structural barriers in education, capital access, and healthcare to boost Black entrepreneurship and community resilience. By leveraging the firm's Urban Investment Group experience, the initiative uniquely integrates support for Black women as mothers, professionals, and homeowners to drive post-pandemic economic recovery.
- Goldman Sachs10 min
Investing in High Yield Bonds and Bank Loans
Goldman Sachs Asset Management analyzes the high-yield and bank loan markets by contrasting 2020's central bank-supported resilience with 2021's profit-taking outflows and anticipated rate hike sensitivity. The firm forecasts annual returns of 4% to 5% for U.S. high yield and 4.5% to 5.5% for bank loans, driven by coupon carry, sector migration from fallen angels to rising stars, and the structural stability of collateralized loan obligations. Strategic allocation shifts toward investment-grade issuers downgraded in the energy sector and active security selection aim to navigate elevated leverage ratios while capitalizing on expected second-half 2021 economic recovery.
- Goldman Sachs8 min
The End is Near: Understanding the Transition from LIBOR
U.S. regulators finalized a timeline confirming that non-U.S. dollar LIBOR rates will cease at year-end while dollar rates remain published until June 30, 2023, to facilitate a controlled wind-down of legacy contracts. This transition replaces the benchmark with SOFR, a secured overnight rate backed by a Federal Reserve partnership, while industry groups work to align averaging methodologies between loan and derivatives markets to mitigate basis risks. Global coordination and ongoing legislative efforts aim to standardize the adoption of risk-free rate alternatives across jurisdictions and eliminate residual legal uncertainties.
- Goldman Sachs15 min
Antoine Flamarion and Mathieu Chabran, Co-Founders of Tikehau Capital
Antoine Flamarion, Mathieu Chabran, Alison
TKO Capital co-founders Antoine Fulmarian and Mathieu Chabron are leveraging private markets, SPACs, and a €1 billion Energy Transition Fund to drive industrial growth and decarbonization efforts. The firm combines a "skin in the game" balance sheet strategy with contrarian thinking to target infrastructure, European private equity, and real SMEs while maintaining offices across the US, Europe, and Asia. By prioritizing creation over competition and advising investors to act with offensive ambition, TKO aims to capitalize on global structural shifts following the post-pandemic economic reset.
- Goldman Sachs10 min
The Future of Auto Tech
Goldman Sachs has launched a joint venture merging its software and industrial divisions to capitalize on what it terms the "greatest industrial revolution of our time," a multi-decade shift toward electrified, software-integrated, and autonomous mobility. The firm anticipates this transition will face supply-side constraints driven by global battery manufacturing capacity while leveraging Special Purpose Acquisition Companies to fund capital-intensive ventures across a landscape of mature technologies and emerging startups. Investment strategies will prioritize long-term horizons of up to fifteen years to navigate the sector's unique challenges, aiming to deliver significant reductions in carbon emissions and substantial improvements in global health.
- Goldman Sachs19 min
Jens Stoltenberg, Secretary-General of NATO
Jens Stoltenberg, Nick Schifrin
NATO Secretary General Jens Stoltenberg identifies climate change as a critical security threat that forces military adaptation while describing Russia as an assertive adversary and China as a systemic challenge to the alliance's liberal democratic values. To counter these evolving risks, the organization has implemented its largest collective defense reinforcement since the Cold War, including new battle groups in Eastern Europe, even as it maintains operational readiness during the pandemic and prepares for the planned troop withdrawal from Afghanistan. Through the "NATO 2030" initiative, the alliance aims to preserve its consensus-based unity and global dominance by adapting its command structures, reducing fossil fuel dependence, and addressing hybrid threats like disinformation campaigns.
- Goldman Sachs17 min
How Hedge Funds are Navigating a Volatile Market
Diana Dieckman, Freddie Parker, Jake Seward, Diana Dykman
Goldman Sachs surveyed nearly 450 allocators representing $1 trillion in assets, revealing that the hedge fund industry generated record AUM of $3.6 trillion in 2020 driven entirely by performance rather than new capital flows. While the sector recovered strongly from early-year losses with average returns exceeding 20%, the outlook for 2021 anticipates $35 billion in net inflows and a strategic pivot toward discretionary macro managers and Asian exposure, particularly China. This shift coincides with a reversal in fee compression, as rising performance prompted average management and performance fees to increase for the first time since 2012.
- Goldman Sachs18 min
Christina Swarns, Executive Director of the Innocence Project
Christina Swarnes and exoneree Hugh Burton highlight critical structural failures in the criminal justice system, citing racial disparities in wrongful convictions and the absence of accountability for officials who secure false confessions. Their discussion emphasizes specific cases like *Buck v. Davis* and Burton's own 19-year incarceration to illustrate the urgent need for mandatory interrogation recording and systemic reforms driven by the post-George Floyd reckoning. Together, they argue that true safety requires local community accountability and robust support structures to assist individuals reintegrating after being wrongly convicted.
- Goldman Sachs12 min
Rising Yields, Inflation and Risk Assets
Fixed income global portfolio managers oversee more than $700 billion in assets while analyzing rising treasury yields as a temporary repricing of long-term supply driven by new fiscal stimulus rather than a sustained inflationary crisis. The speaker contrasts current market dynamics with the 2013 "taper tantrum," emphasizing that the Federal Reserve intends to maintain an accommodative stance through 2022 to achieve full employment without raising rates until 2023. Consequently, investors are advised to view yields of 2% to 2.25% on the 10-year bond as a buying opportunity and to increase allocations to credit and municipal bonds as bonds resume their historical role as portfolio ballast against equity volatility.
- Goldman Sachs10 min
Markets Update: Cryptocurrency Trading
Mathew McDermott, Jake Seward, Matt McDermott
Goldman Sachs reports over 300 institutional conversations revealing a strategic shift from curiosity to active Bitcoin allocation, driven by corporate treasurers seeking balance sheet protection and hedge funds reawakening to digital assets. The firm’s proprietary survey indicates that 40% of clients currently hold crypto exposure with 61% planning increases, prompting Goldman to expand its Marquee platform with derivatives and prime brokerage services to navigate US regulatory constraints. While clients project year-end Bitcoin valuations between $40,000 and $100,000, the institution emphasizes that its product development prioritizes hedging and settlement solutions over direct physical delivery to comply with current banking limitations.
- Goldman Sachs12 min
The Active Private Equity Landscape in Europe
European private equity deal volumes surged 25% year-on-year in early 2021, driven by concentrated investment in Technology, Media, Telecom, and Healthcare sectors that are capitalizing on secular growth trends. Secondary buyouts and carve-outs accelerated significantly as private equity firms justified premiums through value creation theses, attracting diverse participants from multi-line managers to family offices despite elevated valuations. While the market continues to deploy capital aggressively, the industry is simultaneously pivoting toward rigorous ESG integration, prioritizing climate-focused funds and governance reforms to translate commitments into tangible operational results.
- Goldman Sachs17 min
Horacio Rozanski, President and CEO of Booz Allen Hamilton
Booz Allen Hamilton President Horacio Rosansky discussed the firm's strategic integration of private-sector innovation with complex government missions, highlighting advancements in AI, cybersecurity, and sustainability during a "Talks at GS" appearance. Addressing social equity with unprecedented urgency, Rosansky detailed how the leadership team prioritized internal assessments of diversity and race to complement the company's rapid growth in data science and space asset protection under its "Vision 2020" initiative. The conversation concluded with Rosansky's assessment of post-election operational challenges and his vision for accelerating technological adaptation to address exponential changes in the 2020s while fostering a legacy of broadened opportunity.
- Goldman Sachs27 min
The Short and Long of Recent Volatility
Allison Nathan, Arthur Levitt, Owen Lamont, Kevin Kelly
In late January 2021, a convergence of retail coordination and stretched hedge fund short positions triggered a volatile "flash mob" short squeeze that erased 5.9% of long-short fund assets despite negligible leverage pressures. While Goldman Sachs and Wellington Management experts attributed the crisis to a crowdsourced gamma squeeze and sentiment-driven pricing, the event highlighted emerging market fragility where prices increasingly divorced from fundamental value. Regulators and industry leaders subsequently emphasized the need for greater transparency in broker incentives and investor education to mitigate future episodes of extreme volatility and liquidity disconnection.
- Goldman Sachs9 min
How the Pandemic is Reshaping Education
Katherine Tait, Catherine, Liz
As remote learning enrollment stabilizes at roughly 12–15%, the higher education sector is accelerating a permanent shift toward blended learning models driven by a 700% increase in faculty digital adoption and a student demand for unbundled, skill-based credentials. This structural transformation is fueled by a record $16 billion in venture capital and a corporate pivot to continuous upskilling, creating emerging market leaders focused on platform-agnostic courseware and institutional revenue diversification. Ultimately, the pandemic has cemented remote technology as the standard infrastructure for both K-12 and corporate training, signaling a long-term evolution from traditional degree tracks to flexible, lifelong learning ecosystems.
- Goldman Sachs26 min
How Healthcare CIOs Are Investing Capital Through a Public Health Crisis
Paget MacColl, Stefan Strein, Jake Seward
Recorded on February 16, 2021, Goldman Sachs Asset Management's Paget McCall and Cleveland Clinic CIO Stefan Strein discussed how non-profit health systems navigated 2020 pandemic volatility through strategic liquidity management and accelerated AI adoption. The dialogue highlighted the clinic's $100 billion investment portfolio, which supported global expansion and $1.16 billion in community benefit spending while shifting toward lower-return expectations and enhanced ESG integration. Participants emphasized the critical role of cognitive diversity and specialized technology deployment in sustaining mission-driven outcomes amidst near-zero interest rates and operational uncertainty.