John Storey
Showing 1–3 of 3 transcripts.
- Goldman Sachs10 min
"The Market Is Fragile"
Goldman Sachs analysts describe a market characterized by conservative positioning and elevated volatility, where financial conditions have tightened significantly despite the S&P 500's resilience against multiple geopolitical and economic shocks. Investors are rotating from asset-light sectors facing AI valuation uncertainty toward asset-heavy industries such as semiconductors and defense, which have outperformed by 25% year-to-date as a defensive measure. While a prolonged energy disruption remains a primary risk for the European economy, the firm anticipates limited downside for US equities and highlights European financials as a favored investment theme.
- Goldman Sachs27 min
Managing the World’s Largest Publicly Traded Hedge Fund: Man Group CEO Robyn Grew
Under CEO Robin Grew, Man Group has scaled its assets under management to $193 billion by leveraging a three-generation AI evolution that augments human judgment with agentic systems while strictly enforcing cultural alignment in acquisitions. The firm simultaneously decouples operational scale from staffing costs to expand into credit strategies and US wealth markets, targeting long-term legacy talent rather than offering industry-standard upfront payouts. Looking ahead, Grew anticipates opportunities in resurging credit and bifurcated global economies, positioning the firm's work as essential financial security for healthcare, education, and retirement stability.
- Goldman Sachs10 min
European opportunities
Goldman Sachs' John Story highlights a divergence in global markets where European equities, particularly banks, have surged over 30% in dollar terms against stretched U.S. valuations, while currency dynamics continue to significantly influence earnings growth. The discussion emphasizes a dual strategy of holding U.S. tech for growth alongside European financials for value, despite looming risks from the July 9th tariff deadline and geopolitical tensions in the Strait of Hormuz. Investor behavior is shifting back toward domestic European assets for the first time since the Ukraine invasion, driven by wide dispersion within regional indices that enhances opportunities for long/short alpha strategies.