Allison Nathan
Showing 91–105 of 109 transcripts.
- Goldman Sachs21 min
The Impact of Rising Natural Gas Prices
Damien Courvalin, Allison Nathan, Damian Cuervalin
Record-high natural gas prices in Europe have emerged from a convergence of surging global demand, particularly from China, and severe supply disruptions driven by underinvestment in fossil fuel infrastructure and regulatory issues surrounding Russian exports. This energy tightness, compounded by record-low inventory levels ahead of the winter peak, risks triggering industrial production cuts, accelerating inflation, and reducing economic growth across European economies. Goldman Sachs estimates that sustained price levels could force substitution toward oil, further elevating commodity costs while highlighting the structural dangers of rapid energy transitions without adequate backup capacity.
- Goldman Sachs19 min
Why Hedge Funds Are Turning to the Private Markets
Kristin Kramer, Freddie Parker, Allison Nathan
Hedge funds are rapidly expanding their private market exposure in 2021 by deploying $153 billion across 770 deals, driven by extended corporate lifecycles, soaring valuations, and the strategic need to secure IPO allocations. Predominantly led by equity long-short managers in the TMT and Healthcare sectors, these firms utilize late-stage investments to access high-disclosure environments while offering volatility dampening and lifecycle investment capabilities distinct from traditional private equity. This structural shift is reshaping capital market dynamics as investors adopt specialized vehicles like side pockets and hybrid funds to balance liquidity concerns against the permanent integration of private assets into public market strategies.
- Goldman Sachs36 min
Is China Investable?
Allison Nathan, David Lee, Fred Hu, George Magnus, Jude Blanchett
Chinese equities have suffered a $1.5 trillion market capitalization loss since mid-February as regulators aggressively enforce President Xi Jinping's quality growth mandate and reassert Communist Party dominance prior to the 2022 National Party Congress. Experts like George Magnus and Jude Blanchett characterize this shift as a structural move where regulatory bodies prioritize top-down political decisions over consultative processes, creating a bifurcated market that rewards "hard tech" innovation while penalizing "soft tech" consumer internet sectors. Analysts advise that while long-term growth drivers remain robust, investors must navigate increased volatility and political opacity by adopting compliance-focused strategies that separate business decisions from sensitive cultural and media domains.
- Goldman Sachs17 min
What’s Behind the Record-Breaking IPO Market
Elizabeth Reed, Allison Nathan, Lizzie Reed
As of September 2021, global equity issuance volumes have surged nearly 39% year-over-year to exceed $1 trillion, with a robust pipeline driven by the "Goldilocks" market environment and diversified buy-side capital. Goldman Sachs anticipates this momentum to accelerate through Q4, noting healthy absorption capacity for IPOs, direct listings, and evolving SPAC vehicles despite regulatory headwinds that have corrected earlier speculative excesses. While investors monitor macro risks such as Federal Reserve tapering and high growth valuations, the firm maintains confidence in the market's ability to absorb record supply due to strong issuer quality and active retail participation.
- Goldman Sachs26 min
The Delta Variant: Implications for Vaccines, Booster Shots and Economic Growth
Terence Flynn, Daan Struyven, Allison Nathan
Global discussions on the Delta variant highlight its heightened transmissibility and the robust protection of mRNA vaccines against severe disease, even as efficacy against mild symptomatic infection varies by region. Industry strategies are shifting toward booster programs for high-risk populations and the development of multivalent vaccines to address waning immunity and emerging threats. Concurrently, economic forecasts have been revised downward due to persistent case spikes in specific regions, supply chain bottlenecks, and consumer risk aversion slowing recovery in the United States and Asia-Pacific.
- Goldman Sachs27 min
Where Are Family Offices Seeking Higher Returns?
Allison Nathan, Sarah Nason-Tarahano, Mina Flynn, Tony Pasquarello, Ken Hirsch
Leading family offices are evolving into nimble, multi-disciplinary institutions that balance wealth preservation with mission-driven investment strategies, allocating significant capital to alternatives and real estate to hedge against inflation and currency debasement. Driven by long-term horizons and lean governance structures, these entities increasingly deploy flexible capital for direct deals while integrating emerging themes like ESG and digital assets to capture outsized returns. Their unique ability to navigate market volatility with 100% deal certainty and a focus on generational growth positions them as a distinct and influential force in global capital markets.
- Goldman Sachs27 min
The Future of ‘Femtech’
Ann Roberts, Lea von Bidder, Dr. Peter Kecskemethy, Antonia Riera, Allison Nathan, Leah Von Bitter
Flow Health CEO Anne Roberts, Ava co-founder Leah Von Bitter, and Chiron Medical founder Peter Ketch-Kometi led a strategic discussion on defining the Femtech sector through evidence-based science and rigorous regulation rather than consumer tech labels. The panelists detailed how their respective companies are leveraging machine learning and wearable physiology data to achieve massive scale, with Flow Health reporting 107% revenue growth and Ava successfully pivoting its algorithms for early COVID detection. While acknowledging the sector's unique capital challenges compared to fintech, the founders outlined future roadmaps focused on expanding product portfolios into menopause and contraception while pushing for AI-driven regulatory frameworks to enable broader clinical adoption.
- Goldman Sachs30 min
Race to Zero: How Companies Are Deploying Decarbonization Strategies
John Greenwood, Cindy Quan, Allison Nathan
Driven by institutional capital shifting toward low-carbon assets, the global business landscape is rapidly prioritizing decarbonization strategies to secure valuation premiums and lower costs of capital. Over 400 major companies across tech, heavy industry, and transport have committed to net-zero targets by 2050, expanding disclosure requirements to include Scope 3 emissions while leveraging tools like green bonds and nature-based offsets. This strategic realignment, exemplified by activist campaigns such as Engine No. 1's intervention at Exxon and Goldman Sachs' integration of ESG into core operations, transforms climate action from a compliance obligation into a critical financial imperative.
- Goldman Sachs20 min
The Global Chip Shortage: Impact, Outlook and Recovery
Toshiya Hari, Kota Yuzawa, Rod Hall, Allison Nathan
Driven by pandemic-induced demand surges and supply chain bottlenecks that began in early 2020, the global semiconductor shortage peaked in mid-2021 before projections indicate a gradual normalization through 2022. The automotive and consumer electronics sectors faced significant disruption, with the auto industry losing $15–$20 billion in operating profits while hardware giants like Apple and Cisco capitalized on remote-work trends. This crisis has triggered a structural shift toward long-term contracts, government-backed domestic manufacturing investments by Intel and TSMC, and a move away from just-in-time inventory strategies to ensure future supply resilience.
- Goldman Sachs24 min
The European Recovery: Here to Stay?
Allison Nathan, Jari Stehn, Richard Privorotsky, Yari Shteyn, Rich Pivorotsky
Driven by rapid vaccination rates and a significant fiscal stimulus package, the Euro Area and UK are projected to see GDP growth rates of 5.4% and 8.1% respectively in 2021, outpacing global consensus. While the ECB maintains an accommodative monetary stance with no rate hikes anticipated until 2025, European equity markets have rallied with cyclical sectors leading a shift in investor flows away from defensive positions. Despite persistent political risks in Italy, France, and Germany, the outlook remains positive as temporary inflationary pressures are expected to subside by late 2021, allowing structural reforms to drive medium-term expansion.
- Goldman Sachs29 min
From Crisis to Confidence: How Women Entrepreneurs Fared During the Pandemic
Asahi Pompey, Candice Tse, Allison Nathan, Mancha Feha
Goldman Sachs surveyed 1,100 women entrepreneurs across 37 countries to reveal that while 60% suffered revenue declines during the pandemic, 86% maintained operations despite caregiving burdens and sector-specific lockdowns. Driven by a "boom vs. bust" dynamic where retail and service sectors faltered while technology grew, 70% of respondents pivoted their models and accelerated digital adoption to survive. The study highlights that despite regional confidence gaps and financial pressures, 78% of these leaders remain optimistic, prompting Goldman Sachs to launch new digital training initiatives and advocate for expanded capital and childcare support to secure global economic recovery.
- Goldman Sachs27 min
Crypto: A New Asset Class?
Allison Nathan, Michael Novogratz, Nouriel Roubini, Mathew McDermott, Mike Novogratz
Galaxy Digital CEO Mike Novogratz and Goldman Sachs representatives argue that cryptocurrency is transitioning into a recognized asset class driven by institutional infrastructure and a sophisticated investor base, with Bitcoin serving primarily as a digital store of value while stablecoins and Ethereum facilitate payments and DeFi. Conversely, NYU Professor Nouriel Roubini rejects the classification of crypto as currency or a reliable inflation hedge, citing its high volatility, lack of fundamental value drivers, and failure to solve trust issues compared to traditional finance. Despite this regulatory and philosophical divergence, market participants acknowledge a symbiotic relationship is forming where traditional banks are integrating digital assets to meet client demand for diversification and portfolio efficiency.
- Goldman Sachs22 min
Fostering Innovation Within Companies: An Inside Look at GS Accelerate
Tanya Baker, Hasan Malik, Daniel Kovenat, Allison Nathan
Launched 3.5 years ago to validate cross-divisional innovations lacking a clear home, Goldman Sachs' GS Accelerate program has selected 15 investments from nearly 2,000 employee submissions to create seven live products. Co-led by Tanya Baker and Hassan Malik, the initiative empowers independent teams with patient capital and senior sponsorship to transform internal assets, such as the enterprise software ClearFactor, into external market solutions. Operating under themes of Financial Cloud, Digitization, and Sustainability, the program enforces a strict two-year tenure to ensure rapid validation before integrating, spinning out, or partnering ventures.
- Goldman Sachs21 min
The Exit Interview: Jake Siewert on the Media, Communications and the Role of Podcasts
After a decade-long tenure transforming Goldman Sachs' external narrative, Global Head of Communications Jake Seward is stepping down from his role and the "Exchanges at Goldman Sachs" podcast in favor of Senior Strategist Allison Nathan. Seward's departure follows a strategic era where the firm shifted from silence to a proactive, direct-to-consumer media model that utilized deep-dive conversations to bridge the gap between internal culture and public perception. Under the new leadership, the program continues to evolve by bypassing traditional gatekeepers to serve niche industries while prioritizing employee engagement and expert interviews over daily market commentary.
- Goldman Sachs26 min
Reflation Risk
Allison Nathan, Jan Hatzius, Dominic Wilson
Former Treasury Secretary Larry Summers and Goldman Sachs' Jan Hatzius debated whether U.S. fiscal stimulus will trigger a 1970s-style inflationary spiral, with Hatzius arguing that a 6% output gap and temporary spending measures justify the Federal Reserve's tolerance for average inflation targeting. While bond market strategist Dominic Wilson noted that recent yield increases reflect growth acceleration rather than policy surprises, the consensus suggests a rotation into cyclical assets as investors anticipate Fed rate hikes beginning in early 2022. Goldman Sachs projects tapering in early 2022 with a first rate hike in 2024, advising investors to favor cyclical equities and non-gold commodities over rate-sensitive growth stocks during this transition.