Alex Friedman
Showing 1–4 of 4 transcripts.
- Milken Institute1h 11m
The Return of Volatility: Canary in the Coal Mine?
Mike Cloughton, Jillian Tett, Alex Friedman, Josh Friedman, Josh Harris, Alan Howard, Kerry Laidrock
Following a panel discussion on market structure, liquidity, and monetary policy, financial experts warn that structural imbalances created by post-2008 regulations and shifting market-maker functions are setting the stage for a structural 10% market pullback within the next four to six months. While the Federal Reserve is expected to delay rate hikes until 2016 due to dovish constraints, investors are advised to bypass overvalued liquid assets in favor of unrated credit, European cyclicals, and Japanese equities to capitalize on mispriced opportunities. The consensus identifies a fundamental market reset as inevitable as central bank support wanes, urging a strategic shift toward unquoted assets and sectors benefiting from geopolitical and commodity shifts to navigate the upcoming volatility.
- Milken Institute1h 9m
Investing for Impact: What's in Your Portfolio?
Matthew Bishop, Michael Schlein, Tracy, David Kwong, Robb Boydston, John Hempton, Alex Friedman, Sean Green
A high-level panel of industry leaders, including Jean Case and Michael Schlein, convened to define impact investing as a scalable economic driver capable of delivering market-rate returns while solving systemic social problems like poverty and recidivism. The discussion highlighted the rapid evolution of financial instruments such as Social Impact Bonds and microfinance, citing successful pilots like the New York reentry program and the Husk Power Systems project in India as proof that private capital can effectively absorb risk to generate public good. With support from the G8 Task Force and major financial institutions like Goldman Sachs, the sector is poised for a tipping point where standardized measurement and policy reforms will integrate social solutions into mainstream capital markets.
- Milken Institute1h 12m
The Global Economy: Hoping for Momentum amid Tepid Times
Skip Reimer, Jim McCoggan, Terry Duffy, Alex Friedman, Joshua Harris, Alan Howard, Min Zhu
The 17th annual Milken Institute Global Conference convened 650 speakers, including Jim McCoggan, Joshua Harris, and IMF Deputy Managing Director Min Zhu, to analyze diverging global monetary policies and tepid economic growth. Panelists debated U.S. GDP forecasts of 2.7% to 3% against risks from elevated valuations and potential recession, while highlighting Europe's banking deleveraging and emerging market vulnerabilities driven by China's credit boom. The discussion concluded with warnings that geopolitical tail events from the Russia-Ukraine crisis and regulatory fragmentation could disrupt market stability despite current low volatility.
- Milken Institute1h 12m
The Rise of Social Capital Markets: How Will They Change the World?
Alex Friedman, Ron Cordes, Rush Ramsey, Bobby Turner, Gene Case, Mark Rowan, Shari Berenbach, Eva
Social capital markets currently operate as an nascent asset class hindered by regulatory barriers, ambiguous definitions, and institutional resistance, despite a projected trillion-dollar opportunity that could bridge the growing gap between societal needs and declining government funding. Prominent figures like Bobby Turner and Ron Cordes are pioneering strategies to overcome these hurdles, exemplified by the Canyon Agassiz Fund's rapid fundraising success and the creation of public data infrastructure that connects high-net-worth demand with vetted impact managers. As generational values shift and technology enables retail participation through crowdfunding and securitization, the sector anticipates a "10-year overnight success" moment driven by blended finance models and potential regulatory mandates for social performance disclosure.