Latest Interviews
Showing 871–885 of 1,205 transcripts.
Clear all filters- Milken Institute58 min
New Horizons: The Evolution of Direct Lending and Illiquid Credit
Staci Warden, Michael Arougheti, Mary Katherine DuBose, Damien Dwin, Nino Fanlo, Terry Harris, Mike Garaghetti, Mary Catherine Dubois
Representatives from Ares Management, Wells Fargo, Brightwood Capital, SoFi, and Barings convened to analyze the maturation of the private credit market, defining direct lending as a global asset class spanning from family-owned businesses to PE-backed corporations. Panelists highlighted divergent strategies across the sector, including asset-backed senior financing, supply-demand imbalances for underserved founders, and disintermediation of super-prime consumers, while noting strong credit fundamentals despite a late-cycle environment. As regulatory frameworks evolve and fee compression accelerates, the industry faces a shift toward market efficiency where relationship premiums erode and liquidity managers prioritize rational relative value decisions over concentrated sponsor reliance.
- Milken Institute1h 4m
Quality Assurance: Why Women Lead Most Health-Care Decisions
Kelly Close, Lynn Goldman, Dariush Mozaffarian, Deneen Vojta
A strategic public health initiative addresses the global nutrition crisis and declining U.S. health outcomes by leveraging women's decision-making power while countering misinformation with evidence-based interventions. Experts propose systemic reforms including price transparency, Medicare incentives for healthy eating, and the integration of nutrition as a vital sign in electronic health records to shift focus from acute care to preventive "soft healing." The plan further outlines the deployment of automated monitoring technologies and community health workers to reduce chronic disease rates, aiming to transform healthcare delivery into a scalable, consumer-oriented model within the next decade.
- Milken Institute1h 2m
Commissioners of Sport: Agile Leadership in a Competitive World
Jim Gray, Gary Bettman, Don Garber, Robert Manfred Jr., Adam Silver
NBA Commissioner Adam Silver, NHL's Gary Bettman, MLS's Don Garber, and MLB's Rob Manfred discussed critical challenges facing major sports leagues, including balancing owner interests with fan experiences and navigating digital disruption. The commissioners highlighted significant policy decisions ranging from implementing strict concussion protocols and youth safety measures to managing international competition costs and substance use regulations. Furthermore, the leaders addressed roster management strategies like strategic player resting and the complexities of integrating social issues into the apolitical nature of professional sports while aiming to drive global growth and demographic shifts.
- Milken Institute57 min
FinClusion: Connecting the Unconnected
Aron Betru, Bob Annibale, Tilman Ehrbeck, Daniel Gorfine, Susan Lund, Shamina Singh
A coalition of financial institutions and fintech leaders convened to address the $5 trillion economic gap caused by the 2 billion unbanked individuals lacking access to formal lending and savings systems. The discussion highlighted how digital infrastructure, alternative data underwriting, and regulatory sandboxes can reduce service costs by 90% while enabling mobile-first solutions like micro-leasing and automated savings. Participants emphasized that successful global inclusion depends on collaborative government policies establishing digital identities and interoperable payment rails to prevent predatory lending and ensure long-term economic stability.
- Milken Institute55 min
2016 CA Summit - Enhancing California's Role as a Global Crossroads for Trade and Investment
Michael Klowden, Kevin Klowden, Caroline Brown, Maria Contreras-Sweet, Fred Hochberg, James Villeneuve
A comprehensive overview of California's trade landscape highlights the state's status as a global economic powerhouse where over 40% of U.S. container goods pass, while federal programs like the SBA's STEP and Ex-Im Bank guarantees drive small business export growth with a $17 ROI per dollar invested. The event further details how targeted strategies leveraging immigrant communities and veterans, alongside technical assistance from institutions like Bank of America Merrill Lynch, mitigate financial and logistical risks for emerging exporters. By shifting focus toward clean technology and utilizing bilateral agreements to navigate evolving global dynamics, these initiatives aim to secure California's competitive edge against rivals like China and support the transition from domestic to global market strategies.
- Milken Institute56 min
The Digital Age of Finance: Technology's Impact on Asset Management
Ted Lee, Michael DeAddio, Nobel Gulati, Ian Martin, Sanjay Tikku, Jethro Goodchild, Rajesh Jane, Ritesh Maheshwari
Leading financial institutions including Two Sigma, Work1, Columbia Endowment, and State Street are fundamentally reshaping their operations by deploying advanced technology to process exploding data volumes and automate traditional administrative functions. These organizations are diversifying their workforce by recruiting scientists and engineers without prior finance experience while shifting human capital toward high-level problem-solving and analytical roles. The collective strategy aims to move from legacy infrastructure to real-time, data-driven decision-making that separates true market alpha from noise to navigate increasingly complex and fragmented global markets.
- Milken Institute1h 7m
Taking the Long View: The Dangers of Short-Termism
Scott Minerd, Christopher Ailman, Scott Evans, Vicki Fuller, Hiromichi Mizuno
Representatives from major funds including GPIF, CalSTRS, New York State, and New York City convened to advocate for shifting from quarterly transparency to long-term "permanent ownership" strategies that prioritize corporate governance over short-term market volatility. The panelists unanimously criticized outdated fee structures and bureaucratic hiring constraints, proposing aggressive reforms such as clawback provisions, in-house management expansion, and a transition of U.S. public pensions into quasi-commercial entities to secure top-tier talent. By aligning compensation models with actual performance and redefining passive management as active stewardship, these leaders aim to sustain multi-decade return objectives amidst a landscape of near-zero bond yields and intense public pressure for immediate results.
- Milken Institute57 min
Common Sense from Uncommon Investors
Sarah, Mark, Kyle, Mitch, Michael
Managers from Causeway, Crescent, Hamana, and Canyon Capital analyze how passive investing strategies and post-2008 regulations have created significant pricing inefficiencies in cyclical equities, sovereign debt, and the shadow banking sector. Experts including Sarah of Causeway, Mark of Crescent, Kyle of Hamana, and Mitch of Canyon highlight specific structural risks in China's banking system and argue that volatility offers active managers opportunities to exploit mispriced assets while avoiding the "risk-free" illusion of state-backed debt. To capitalize on these anomalies, these firms prioritize hiring individuals who combine fundamental insight with complex capital structuring skills to navigate a fragile macroeconomic environment where traditional balance sheets are contracting.
- Milken Institute58 min
Asia Summit 2015 - Opening Chinas Market and What It Means for Investors
Malcolm, Yan Xuan, Frank Yao, Greg Donoghue, Law Tech Singh, Sheng Ming Gao, Lucy Colbeck, Leanna, Andrew White, Sheikhan Bilek
Market analysts and policymakers discussed the aftermath of China's late 2023 equity volatility, where government intervention stabilized the A-share sector despite concerns that such measures have reversed long-term market-oriented reforms. Experts projected a transition toward a "New Normal" characterized by 4–5% GDP growth and a structural shift from investment-led expansion to consumption-driven models, driven by urbanization needs and a demographic dividend decline. The event concluded with insights on debt management strategies, private equity trends focusing on quality sectors like healthcare and logistics, and the geopolitical implications of the Belt and Road initiative as a mechanism for exporting industrial capacity.
- Milken Institute1h 40m
Asia Summit 2015 - AIIB and the Evolving Multilateral Lending Landscape
Mike Milken, Lee Kuan Yew, Jin Li-chun, Tommy Koh, Jin Tong, Tadashi Maeda, Clive Kerner, Elena Okorochinko
At a Milken Institute discussion, AIIB President-designate Jin Li-chun outlined the bank's lean, clean, and green operational framework designed to complement existing multilateral development banks in addressing a global infrastructure financing gap of $2 trillion annually. With 57 provisional founding members approved and a target to operationalize by year-end, the institution plans to leverage a 2.5 gearing ratio to reach $250 billion in lending capacity while offering flexible financing stages to bridge the $8 trillion Asian infrastructure demand projected for 2030. Although major economies like the United States and Japan remain cautious, stakeholders including rating agencies and the IFC view the AIIB as a strategic partner capable of enhancing credit quality and mobilizing private capital for sustainable development.
- Milken Institute50 min
Asia Summit 2015 - The View from Institutional Investors: Where Will Returns Come From?
Jonathan Nelson, Adrienne, Gordon Fyfe, Jeffrey Jean Subakit, Hiromichi Mizumo
Moderated by Jonathan Nelson, a panel of five institutional investors managing over $2 trillion in assets convened to dissect strategies for generating alpha amid low-interest-rate environments and divergent views on China's economic trajectory. The discussion revealed a unanimous shift away from passive indexing toward active stock-picking, private asset allocation, and rigorous manager selection to justify fee structures while navigating market volatility and valuation discrepancies. Furthermore, the group identified Africa as a key frontier for long-term growth while emphasizing that future returns will depend on operational efficiency and the ability to capitalize on distressed prices rather than relying on regional macroeconomic growth figures.
- Milken Institute55 min
Asia Summit 2015 - A World in Turmoil: Finding Opportunities Amid Volatility (II)
Clinda Amin, Mike Milken, Scott Minard, Piyush Gupta
The Milken Institute Asia Summit in Singapore convened 400 global leaders to analyze Asian economic resilience, highlighting China's robust foreign exchange reserves and structural realignment despite short-term market volatility. Panelists identified Africa's demographic dividend, Arctic shipping routes, and capital market inefficiencies as critical future growth engines while debating the timing of US Federal Reserve rate hikes. The event concluded by emphasizing the necessity of developing mature financial markets and socio-cultural ecosystems for innovation to address global shifts where the Asian economy is projected to exceed 50% of global output.
- Milken Institute1h 1m
Asia Summit 2015 - Treasure Hunters: Finding Value in Today's Market
Tom Finke, Paul Horvath, Rob Petty, Takumi Shibata, Hans Paul Birkner, Mike Milken, Chris Langer, Stefan Kostjusko
Four institutional managers from Babson, Orchid, Clearwater, and Nikkei Asset Management convened to argue for long-term value generation through high-yield credit and private lending amidst current market volatility and geopolitical uncertainty. The panel identified specific structural opportunities, including a $4 trillion regulatory capital gap for global banks, a $35 trillion Asian credit market, and the need for concentrated, high-conviction portfolios over traditional asset allocations. By prioritizing top-of-capital structures in non-bank lending and leveraging bank disintermediation strategies, the experts projected mid-teens returns while dismissing the existence of a prevailing high-yield credit bubble.
- Milken Institute55 min
Asia Summit 2015 - The Rising Sun: Japan's Resurgence in the Asia-Pacific Region
Shinzo Abe, Kotaro Tamura, Kage, Hirano, Paul San, Yamazaki, Volker Jermitsch, Ivan
At the IGA summit, a panel of experts from Blackstone, KKR, Standard & Poor's, and Japan's Ministry of Finance analyzed the nation's transition from decades of deflation to cautious optimism driven by Abenomics and improved corporate balance sheets. While the panel highlighted record corporate retained earnings and a tight labor market as catalysts for higher wages and global expansion, they cautioned that demographic decline and premature fiscal consolidation, such as consumption tax hikes, threaten to stifle the government's 3% nominal GDP growth target. Experts concluded that Japan's future economic stability relies on successfully mobilizing corporate capital, implementing incremental deregulation through the "third arrow," and expanding tourism and labor immigration to offset a shrinking workforce.
- Milken Institute1h 1m
2014 London Summit - Europe: Still at a Crossroads
Louisa Bojesen, Nigel Farage, Gerard Lyons, Helena Morrissey, Howard Shore
Panelists including Nigel Farage, Helena Morrissey, and Gerard Lyons analyzed severe Eurozone structural failures, noting that countries like Greece and Italy face deflation and bear markets while Germany risks a shallow recession. The discussion highlighted the limitations of monetary tools like quantitative easing in addressing deep-seated issues such as rigid labor markets and the mismatch between the currency union and fragmented fiscal governance. Looking ahead, the experts predicted a political shift toward Euroscepticism and explored divergent investment strategies favoring defensive sectors like healthcare over financials, while debating the viability of UK exit scenarios against a backdrop of deteriorating European economic cohesion.